dealflow
envelope $200M

← Targets

Hospital Buen Samaritano

Aguadilla, Aguadilla County, PR · CCN 400079
Licensed to Hospital Comunitario Buen Samaritano Inc

Composite
65.4
rank score
Distress
76
FY2023
Fit
78
vs thesis
Estimated ticket
$38.5M–$154M
110 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 liabilities exceed current assets
  • debt above 85% of assets
  • occupancy 45-60%
  • margin slipping
  • urban — higher occupancy and iteration surface
  • bed count in the target band
  • ticket size uses the capital envelope well
  • moderate occupancy
  • for-profit — no charitable conversion review

Latest financials · FY2023

Net patient revenue$29.1M
Operating margin -15.2%
Total margin -4.9%
Days cash on hand 3
Current ratio 0.90
Occupancy45%

Facility

Beds110
Facility typeSTH
Settingurban
Ownership classfor-profit
Per-bed (low) $350K
Per-bed (high) $1.4M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 124 $21.9M $-945K -46.2% -3.0% 47 0.65 37% 3,183 87
2021 110 $30.0M $3.1M -13.9% 8.3% 1 0.74 41% 2,901 77
2022 124 $28.8M $-1.9M -20.7% -5.8% 8 0.84 39% 2,910 84
2023 110 $29.1M $-1.6M -15.2% -4.9% 3 0.90 45% 3,112 76

Owners

OwnerRole%SinceType
Hospital Comunitario Buen Samaritano Inc
Aguadilla, PR
5% or greater direct ownership interest 100 1999-07
Hospital Comunitario Buen Samaritano Inc
Aguadilla, PR
5% or greater indirect ownership interest 100 1999-07
Jesus Nieves Rosario corporate officer 2024-07
Jesus Nieves Rosario w-2 managing employee 2024-07
Jose Gratacos Negron corporate officer 2024-03
Jose Gratacos Negron w-2 managing employee 2024-03
Rodolfo Mangual Ramos corporate director 2023-06
Victor Nieves 5% or greater mortgage interest 2013-06
Victor Nieves corporate officer 2013-06

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.

DateBuyerSellerHospitalBeds
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