Hospital Menonita De Cayey
dba Centro Medico Menonita De Cayey ·
Barrio Rincon, Cayey County, PR
· CCN 400013
Licensed to Hospital Menonita De Cayey
Composite
34.7
rank score
Distress
14
FY2024
Fit
71
vs thesis
Estimated ticket
$122M–$488M
244 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- 90-150 days cash on hand
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size at the top of the envelope — would need leverage
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $196M |
| Operating margin | 13.0% |
| Total margin | 22.2% |
| Days cash on hand | 118 |
| Current ratio | 2.51 |
| Occupancy | 86% |
Facility
| Beds | 244 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 225 | $133M | $65.5M | 5.8% | 34.3% | 200 | 3.53 | 65% | 9,375 | 0 |
| 2022 | 225 | $167M | $53.0M | 15.8% | 26.7% | 188 | 3.63 | 78% | 11,489 | 0 |
| 2023 | 225 | $186M | $46.3M | 15.0% | 22.5% | 108 | 2.57 | 83% | 12,117 | 4 |
| 2024 | 244 | $196M | $50.1M | 13.0% | 22.2% | 118 | 2.51 | 86% | 13,437 | 14 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jose Solivan Rivera | corporate director | 100 | 2007-11 | |
| Jose Solivan Rivera | w-2 managing employee | 100 | 2007-11 | |
| Lissette Vasquez Rivera | w-2 managing employee | 100 | 2005-01 | |
| Lymari Colon Colon | corporate director | 100 | 2019-11 | |
| Lymari Colon Colon | w-2 managing employee | 100 | 2019-11 | |
| Ricardo Hernandez Rivera | corporate director | 100 | 2019-11 | |
| Ricardo Hernandez Rivera | w-2 managing employee | 100 | 2019-11 | |
| Lissette Vasquez Rivera | corporate director | 2005-01 |
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 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 |