Hospital Damas
Ponce, PR
· CCN 400022
Licensed to Hospital Damas Inc
Composite
62.2
rank score
Distress
69
FY2023
Fit
78
vs thesis
Estimated ticket
$54.4M–$218M
128 beds ·
within envelope
Ownership
nonprofit
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
- 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 · FY2023
| Net patient revenue | $62.9M |
| Operating margin | -24.6% |
| Total margin | -6.8% |
| Days cash on hand | 3 |
| Current ratio | 1.47 |
| Occupancy | 60% |
Facility
| Beds | 128 |
| 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 | 151 | $53.5M | $395K | -15.4% | 0.6% | 120 | 1.61 | 48% | 5,591 | 38 |
| 2021 | 151 | $66.8M | $4.3M | -1.9% | 5.9% | 90 | 2.00 | 52% | 5,681 | 22 |
| 2022 | 128 | $59.6M | $-3.3M | -21.0% | -4.8% | 13 | 1.63 | 63% | 5,856 | 62 |
| 2023 | 128 | $62.9M | $-5.0M | -24.6% | -6.8% | 3 | 1.47 | 60% | 5,522 | 69 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Maria Torres-Bernal | corporate officer | 2016-07 | ||
| Maria Torres-Bernal | corporate director | 2016-07 | ||
| Maria Torres-Bernal | w-2 managing employee | 2016-07 | ||
| Pedro Francisco Barez-Clavell | corporate director | 2023-10 |
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 |