Hospital Pavia Santurce
Santurce, PR
· CCN 400019
Licensed to Metro Santurce Inc
Composite
65.2
rank score
Distress
73
FY2023
Fit
81
vs thesis
Estimated ticket
$53.9M–$216M
154 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio under 1.5
- debt above 70% of assets
- 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
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $106M |
| Operating margin | -10.4% |
| Total margin | -5.0% |
| Days cash on hand | 24 |
| Current ratio | 1.23 |
| Occupancy | 85% |
Facility
| Beds | 154 |
| 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 | 176 | $91.1M | $3.6M | -11.0% | 3.5% | 47 | 2.20 | 69% | 6,851 | 44 |
| 2021 | 176 | $103M | $387K | -4.3% | 0.4% | 48 | 2.10 | 67% | 6,904 | 36 |
| 2022 | 156 | $102M | $22.8K | -9.4% | 0.0% | 26 | 2.66 | 73% | 7,249 | 48 |
| 2023 | 154 | $106M | $-5.6M | -10.4% | -5.0% | 24 | 1.23 | 85% | 7,315 | 73 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Artau Holdings Llc | 5% or greater direct ownership interest | 100 | 2015-05 | |
| Artau Holdings Llc | operational/managerial control | 100 | 2015-05 | |
| Cecilie Hernandez Lopez | corporate director | 100 | 2023-04 | |
| Cecilie Hernandez Lopez | w-2 managing employee | 100 | 2023-04 | |
| Domingo Cruz | corporate director | 100 | 2021-09 | |
| Domingo Cruz | w-2 managing employee | 100 | 2021-09 | |
| Domingo Cruz | operational/managerial control | 100 | 2021-09 | |
| Carmen Feliciano Vargas | 5% or greater indirect ownership interest | 38 | 2015-05 | |
| Eduardo Artau Gomez | 5% or greater indirect ownership interest | 38 | 2015-05 | |
| Eduardo Artau Gomez | operational/managerial control | 38 | 2015-05 | |
| Eduardo Artau Feliciano | 5% or greater indirect ownership interest | 8 | 2015-05 | |
| Francisco Artau Feliciano | 5% or greater indirect ownership interest | 8 | 2015-05 | |
| Karen Artau Feliciano | 5% or greater indirect ownership interest | 8 | 2015-05 |
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 |