Bayamon Medical Center
Bayamon, PR
· CCN 400032
Licensed to Bayamon Medical Center Corp
Composite
57.1
rank score
Distress
55
FY2023
Fit
81
vs thesis
Estimated ticket
$88.0M–$352M
207 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin negative
- total margin under 2%
- under 30 days cash on hand
- current liabilities exceed current assets
- debt above 70% of assets
- margin deteriorating
- 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 | $89.7M |
| Operating margin | -0.3% |
| Total margin | 1.9% |
| Days cash on hand | 13 |
| Current ratio | 0.85 |
| Occupancy | 81% |
Facility
| Beds | 207 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| 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 | 253 | $56.4M | $3.0M | -12.0% | 4.6% | 27 | 1.27 | 43% | 7,130 | 59 |
| 2021 | 253 | $72.1M | $8.1M | -2.3% | 9.9% | 15 | 0.82 | 49% | 8,584 | 53 |
| 2022 | 207 | $81.7M | $1.9M | 0.6% | 2.3% | 41 | 0.88 | 72% | 9,354 | 37 |
| 2023 | 207 | $89.7M | $1.7M | -0.3% | 1.9% | 13 | 0.85 | 81% | 9,922 | 55 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bmhc Llc | 5% or greater direct ownership interest | 100 | 2018-11 | |
| Oriental Bank | 5% or greater mortgage interest | 100 | 2019-12 | |
| Oriental Bank | 5% or greater security interest | 100 | 2019-12 | |
| Jose Quiros | 5% or greater indirect ownership interest | 80 | 2018-11 | |
| Quiros Investment Holdings, Llc | 5% or greater indirect ownership interest | 80 | 2018-11 | |
| Eduardo Surillo | corporate director | 50 | 2025-01 | |
| Eduardo Surillo | operational/managerial control | 50 | 2025-01 | |
| Carlos Disdier | corporate director | 33 | 2018-11 | |
| Jose Quiros | corporate director | 33 | 2018-11 | |
| Carlos Disdier | 5% or greater indirect ownership interest | 20 | 2018-11 | |
| Maycar Pr Investments, Llc | 5% or greater indirect ownership interest | 20 | 2018-11 | |
| Carlos Disdier | corporate officer | 2018-11 | ||
| Jenny Negron | corporate director | 2024-05 | ||
| Jose Quiros | corporate officer | 2018-11 |
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 |