Hospital Menonita Aibonito
dba Hospital Menonita De Aibonito ·
Aibonito, PR
· CCN 400018
Licensed to Mennonite General Hospital Inc
Composite
37.5
rank score
Distress
14
FY2024
Fit
78
vs thesis
Estimated ticket
$62.5M–$250M
125 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 uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $90.6M |
| Operating margin | 2.2% |
| Total margin | 24.4% |
| Days cash on hand | 118 |
| Current ratio | 3.15 |
| Occupancy | 62% |
Facility
| Beds | 125 |
| 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 | 138 | $67.7M | $41.9M | -8.1% | 36.2% | 208 | 4.44 | 39% | 4,765 | 28 |
| 2022 | 134 | $80.2M | $33.2M | -0.1% | 28.5% | 285 | 5.11 | 48% | 5,579 | 18 |
| 2023 | 129 | $92.1M | $25.8M | -3.1% | 21.3% | 108 | 2.94 | 59% | 6,042 | 22 |
| 2024 | 125 | $90.6M | $29.1M | 2.2% | 24.4% | 118 | 3.15 | 62% | 5,936 | 14 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jose Solivan Rivera | corporate director | 100 | 2019-11 | |
| Jose Solivan Rivera | w-2 managing employee | 100 | 2019-11 | |
| Lissette Vasquez Rivera | corporate director | 100 | 2019-11 | |
| Lissette Vasquez Rivera | w-2 managing employee | 100 | 2019-11 | |
| 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 |
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 |