Hospital San Pablo Humacao
dba Hope Medical Center ·
Humacao, Humacao County, PR
· CCN 400005
Licensed to Hope Medical Center Llc
Composite
71.2
rank score
Distress
97
FY2023
Fit
69
vs thesis
Estimated ticket
$19.9M–$79.8M
57 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy 30-45%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size somewhat below the envelope
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $11.4M |
| Operating margin | -102.6% |
| Total margin | -101.4% |
| Days cash on hand | 0 |
| Current ratio | 0.30 |
| Occupancy | 37% |
Facility
| Beds | 57 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 57 | $11.3M | $-1.6M | -42.3% | -11.0% | 1 | 0.90 | 47% | 1,511 | 78 |
| 2021 | 57 | $14.0M | $-1.4M | -14.8% | -9.6% | 7 | 0.35 | 49% | 1,527 | 82 |
| 2022 | 57 | $13.9M | $-1.0M | -20.4% | -6.7% | 2 | 0.49 | 45% | 1,435 | 78 |
| 2023 | 57 | $11.4M | $-11.6M | -102.6% | -101.4% | 0 | 0.30 | 37% | 1,102 | 97 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Centro Medico Del Turabo Inc | operational/managerial control | 100 | 2023-12 | |
| Eastern Health Llc | 5% or greater direct ownership interest | 100 | 2023-12 | |
| Pr Healthcare Partners Llc | 5% or greater indirect ownership interest | 50 | 2023-12 | |
| Christopher Valentine | 5% or greater indirect ownership interest | 25 | 2023-12 | |
| Gustavo Higuerey | 5% or greater indirect ownership interest | 25 | 2023-12 | |
| Gustavo Higuerey | corporate officer | 2025-09 | ||
| Gustavo Higuerey | corporate director | 2025-09 | ||
| Gustavo Higuerey | operational/managerial control | 2025-09 | ||
| Josue Vazquez Delgado | 5% or greater indirect ownership interest | 2023-12 |
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 PR
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 |
|---|---|---|---|---|
| 2024-06-07 | The San Jorge Hospital Inc | San Jorge Children's Hospital, Inc. | San Jorge Childrens & Women Hospital | — |
| 2023-12-20 | Metro Caguas Incorporated | Centro Medico Del Turabo Inc | Hospital Hima San Pablo Caguas | 421 |
| 2023-12-15 | Am Acquisition I, Llc | Centro Medico Del Turabo Inc | Hospital Hima San Pablo Bayamon | 424 |
| 2020-02-29 | Hospital Menonita Humacao, Inc. | Hospital Oriente Inc | Hospital Menonita Humacao | 73 |
| 2017-09-13 | Hospital Menonita Guayama Inc | Hospital Episcopal San Lucas Guayama, Inc. | Hospital Menonita Guayama | 140 |