Hospital Bella Vista
Mayaguez, PR
· CCN 400014
Licensed to Bella Vista Hospital Inc
Composite
59.0
rank score
Distress
69
FY2023
Fit
70
vs thesis
Estimated ticket
$67.2M–$269M
158 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin negative
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 30-45%
- 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 | $40.5M |
| Operating margin | -20.5% |
| Total margin | -2.5% |
| Days cash on hand | 13 |
| Current ratio | 0.49 |
| Occupancy | 34% |
Facility
| Beds | 158 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 158 | $34.5M | $-1.7M | -26.5% | -4.0% | 63 | 0.72 | 31% | 3,518 | 69 |
| 2021 | 158 | $38.8M | $-121K | -19.8% | -0.3% | 51 | 0.66 | 34% | 3,689 | 71 |
| 2022 | 158 | $38.6M | $-2.5M | -22.5% | -5.5% | 32 | 0.53 | 29% | 3,995 | 79 |
| 2023 | 158 | $40.5M | $-1.2M | -20.5% | -2.5% | 13 | 0.49 | 34% | 3,786 | 69 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Luis Rivera Maldonado | corporate officer | 100 | 2014-09 | |
| Misael Jimenez Ramirez | corporate officer | 50 | 2024-03 | |
| Misael Jimenez Ramirez | w-2 managing employee | 50 | 2024-03 | |
| Marielis Guerra Rosado | corporate officer | 25 | 2024-03 |
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 |