Ryder
Humacao, Humacao Municipio County, PR
· CCN 400007
Licensed to Ryder Memorial Hospital Inc
Composite
67.2
rank score
Distress
87
FY2023
Fit
70
vs thesis
Estimated ticket
$57.8M–$231M
165 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 30-45%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $33.9M |
| Operating margin | -30.7% |
| Total margin | -18.2% |
| Days cash on hand | 23 |
| Current ratio | 0.71 |
| Occupancy | 43% |
Facility
| Beds | 165 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 | 165 | $30.7M | $-1.2M | -48.3% | -2.8% | 32 | 1.36 | 28% | 2,663 | 64 |
| 2021 | 165 | $33.5M | $-914K | -25.2% | -2.2% | 21 | 0.63 | 31% | 3,079 | 81 |
| 2022 | 165 | $35.5M | $-1.2M | -20.7% | -2.9% | 15 | 0.67 | 39% | 3,442 | 77 |
| 2023 | 165 | $33.9M | $-6.8M | -30.7% | -18.2% | 23 | 0.71 | 43% | 4,066 | 87 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jose Feliciano | corporate director | 2011-12 | ||
| Wanda Barreto Martinez | operational/managerial control | 2015-07 |
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 |