Hospital Menonita Caguas Inc
dba Hospital Menonita De Caguas Inc ·
Caguas, PR
· CCN 400104
Licensed to Hospital Menonita Caguas Inc
Composite
32.9
rank score
Distress
10
FY2024
Fit
71
vs thesis
Estimated ticket
$120M–$480M
240 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- margin deteriorating sharply
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $136M |
| Operating margin | 10.0% |
| Total margin | 14.4% |
| Days cash on hand | 162 |
| Current ratio | 5.17 |
| Occupancy | 82% |
Facility
| Beds | 240 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 225 | $87.8M | $23.2M | 11.3% | 23.0% | 259 | 4.25 | 52% | 7,174 | 2 |
| 2022 | 229 | $107M | $19.1M | 13.2% | 16.8% | 252 | 5.07 | 69% | 9,204 | 0 |
| 2023 | 232 | $114M | $12.6M | 6.8% | 10.6% | 149 | 4.01 | 76% | 9,987 | 4 |
| 2024 | 240 | $136M | $20.6M | 10.0% | 14.4% | 162 | 5.17 | 82% | 10,534 | 10 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Hospital Menonita Caguas Inc | 5% or greater direct ownership interest | 100 | 2011-12 | |
| Jose Pastrana Arzola | contracted managing employee | 100 | 2019-10 | |
| Jose Pastrana Arzola | corporate director | 100 | 2018-10 | |
| Jose Pastrana Arzola | w-2 managing employee | 100 | 2018-10 | |
| Jose Solivan Rivera | corporate director | 100 | 2007-11 | |
| Jose Solivan Rivera | w-2 managing employee | 100 | 2007-11 | |
| Ricardo Hernandez Rivera | corporate director | 30 | 2019-11 | |
| Ricardo Hernandez Rivera | w-2 managing employee | 30 | 2019-11 | |
| Lymari Colon Colon | corporate director | 20 | 2019-11 | |
| Lymari Colon Colon | w-2 managing employee | 20 | 2019-11 | |
| Lissette Vasquez Rivera | corporate director | 10 | 2020-04 | |
| Lissette Vasquez Rivera | w-2 managing employee | 10 | 1996-01 |
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 |