University Disctrict Hospital
dba Hospital Universitario De Adultos ·
San Juan, Puerto Rico County, PR
· CCN 400061
Licensed to Departamento De Salud Oficial
Composite
61.0
rank score
Distress
69
FY2024
Fit
75
vs thesis
Estimated ticket
$86.7M–$347M
204 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $108M |
| Operating margin | -20.7% |
| Total margin | -20.7% |
| Days cash on hand | — |
| Current ratio | — |
| Occupancy | 81% |
Facility
| Beds | 204 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 198 | $58.5M | $-49.8M | -85.2% | -85.2% | — | — | 72% | 6,232 | 83 |
| 2022 | 196 | $64.1M | $-68.4M | -105.3% | -108.0% | — | — | 76% | 6,114 | 83 |
| 2023 | 210 | $97.4M | $-42.1M | -43.2% | -43.2% | — | — | 77% | 6,589 | 83 |
| 2024 | 204 | $108M | $-22.5M | -20.7% | -20.7% | — | — | 81% | 7,413 | 69 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Departamento De Hacienda Gobierno De Puerto Rico | 5% or greater indirect ownership interest | 100 | 2012-08 | |
| Departamento De Hacienda Gobierno De Puerto Rico | operational/managerial control | 100 | 2012-08 | |
| Bianca Castro | w-2 managing employee | 50 | 2021-04 | |
| Departamento De Hacienda Gobierno De Puerto Rico | general partnership interest | 30 | 2012-07 | |
| Janet Baez | w-2 managing employee | 30 | 2011-02 | |
| Regino Colon Alsina | corporate director | 2025-01 |
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 |