Huggins Hospital
Wolfeboro, Carroll County, NH
· CCN 301312
Licensed to Huggins Hospital
Composite
30.6
rank score
Distress
28
FY2023
Fit
45
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- 60-90 days cash on hand
- occupancy 30-45%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $96.6M |
| Operating margin | -1.3% |
| Total margin | 8.5% |
| Days cash on hand | 86 |
| Current ratio | 2.31 |
| Occupancy | 37% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $60.2M | $3.8M | -13.3% | 5.2% | 230 | 1.58 | 32% | 567 | 33 |
| 2021 | 25 | $74.3M | $17.8M | -7.3% | 18.1% | 144 | 1.91 | 35% | 682 | 32 |
| 2022 | 25 | $86.3M | $-10.2M | -8.3% | -12.2% | 82 | 2.36 | 43% | 716 | 54 |
| 2023 | 25 | $96.6M | $9.1M | -1.3% | 8.5% | 86 | 2.31 | 37% | 689 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jeremy Roberge | corporate officer | 100 | 2012-07 | |
| Jeremy Roberge | w-2 managing employee | 100 | 2012-07 | |
| Carrie Duran | operational/managerial control | 2025-01 | ||
| Cecile Chase | operational/managerial control | 2023-01 | ||
| Christian Coulter | operational/managerial control | 2023-01 | ||
| Corrine Smith | operational/managerial control | 2016-11 | ||
| Diana Scott | operational/managerial control | 2023-01 | ||
| Donald Irving | operational/managerial control | 2026-01 | ||
| Donald Smith | operational/managerial control | 2023-01 | ||
| Donna Russo | operational/managerial control | 2026-01 | ||
| Joshua Upham | corporate officer | 2021-07 | ||
| Joshua Upham | w-2 managing employee | 2021-07 | ||
| Joshua Upham | operational/managerial control | 2021-07 | ||
| Megan Ryder | operational/managerial control | 2025-01 | ||
| Michael Gallup | operational/managerial control | 2019-01 | ||
| Michael L'ecuyer | operational/managerial control | 2019-01 | ||
| Susan John | operational/managerial control | 2021-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.
Who has been buying in NH
Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2021-05-01 | Concord Hospital-Franklin | Lrghealthcare | Concord Hospital - Franklin | 25 |