Mayaguez Medical Center
Mayaguez, Mayaguez County, PR
· CCN 400103
Licensed to Mayaguez Medical Center Dr Ramon Emeterio Betances Inc
Composite
38.2
rank score
Distress
19
FY2023
Fit
74
vs thesis
Estimated ticket
$108M–$432M
216 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- 30-60 days cash on hand
- debt above 70% of assets
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size at the top of the envelope — would need leverage
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $110M |
| Operating margin | 3.4% |
| Total margin | 4.4% |
| Days cash on hand | 33 |
| Current ratio | 1.54 |
| Occupancy | 75% |
Facility
| Beds | 216 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 206 | $66.9M | $-3.0M | -20.0% | -3.9% | 61 | 0.93 | 61% | 8,103 | 67 |
| 2021 | 206 | $87.9M | $3.4M | -1.9% | 3.6% | 50 | 0.99 | 71% | 9,492 | 46 |
| 2022 | 210 | $103M | $8.6M | 7.6% | 8.3% | 38 | 1.51 | 75% | 10,946 | 21 |
| 2023 | 216 | $110M | $4.9M | 3.4% | 4.4% | 33 | 1.54 | 75% | 12,031 | 19 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jose Quiros | 5% or greater indirect ownership interest | 82 | 2010-01 | |
| Quiros Investment Holdings, Llc | 5% or greater direct ownership interest | 82 | 2010-01 | |
| Firstbank Puerto Rico | 5% or greater mortgage interest | 49 | 2017-04 | |
| Firstbank Puerto Rico | 5% or greater security interest | 49 | 2017-04 | |
| Carlos Disdier | corporate officer | 33 | 2010-01 | |
| Carlos Disdier | corporate director | 33 | 2010-01 | |
| Jose Quiros | corporate officer | 33 | 2010-01 | |
| Jose Quiros | corporate director | 33 | 2010-01 | |
| Carlos Disdier | 5% or greater indirect ownership interest | 18 | 2010-01 | |
| Maycar Pr Investments, Llc | 5% or greater direct ownership interest | 18 | 2010-01 | |
| Jaime Maestre-Grau | corporate officer | 2010-03 | ||
| Jaime Maestre-Grau | w-2 managing employee | 2010-03 | ||
| Jenny Negron | w-2 managing employee | 2014-10 | ||
| Noriselle Rivera | corporate officer | 2010-03 | ||
| Noriselle Rivera | w-2 managing employee | 2010-03 | ||
| Noriselle Rivera | operational/managerial control | 2010-03 |
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 |