dealflow
envelope $200M

← Targets

Hospital Metropolitano Tito Mattei

dba Hospital Pavia Yauco · Yauco, Yauco County, PR · CCN 400110
Licensed to Yauco Healthcare Corporation

Composite
68.6
rank score
Distress
91
FY2023
Fit
69
vs thesis
Estimated ticket
$26.9M–$108M
77 beds · within envelope
Ownership
for-profit
STH

Why it ranks here

  • operating margin below -10%
  • total margin below -8%
  • under 30 days cash on hand
  • current ratio below 0.8
  • debt above 70% of assets
  • occupancy 30-45%
  • margin deteriorating sharply
  • urban — higher occupancy and iteration surface
  • bed count in the target band
  • ticket size somewhat below the envelope
  • thin occupancy
  • for-profit — no charitable conversion review

Latest financials · FY2023

Net patient revenue$25.6M
Operating margin -19.0%
Total margin -14.0%
Days cash on hand 9
Current ratio 0.59
Occupancy38%

Facility

Beds77
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 37 $16.7M $-1.5M -39.4% -7.1% 53 1.58 50% 1,311 59
2021 45 $19.1M $-4.5M -42.9% -19.8% 74 1.41 55% 1,775 60
2022 67 $24.3M $-3.6M -17.0% -14.4% 20 0.82 39% 1,697 81
2023 77 $25.6M $-3.7M -19.0% -14.0% 9 0.59 38% 2,088 91

Owners

OwnerRole%SinceType
Artau Holdings Ii Llc
Guaynabo, PR
5% or greater direct ownership interest 100 2015-05
Artau Holdings Ii Llc
Guaynabo, PR
operational/managerial control 100 2015-05
Carmen Feliciano Vargas operational/managerial control 38 2002-10
Eduardo Artau Gomez 5% or greater indirect ownership interest 38 2015-05
Eduardo Artau Gomez operational/managerial control 38 2002-10
Eduardo Artau Feliciano 5% or greater indirect ownership interest 8 2015-05
Eduardo Artau Feliciano operational/managerial control 8 2015-05
Francisco Artau Feliciano 5% or greater indirect ownership interest 8 2015-05
Francisco Artau Feliciano operational/managerial control 8 2015-05
Karen Artau Feliciano 5% or greater indirect ownership interest 8 2015-05
Karen Artau Feliciano operational/managerial control 8 2015-05
Carmen Feliciano Vargas 5% or greater indirect ownership interest 2015-05
Dinorah Hernandez Vazquez corporate director 2015-05
Dinorah Hernandez Vazquez w-2 managing employee 2015-05
Dinorah Hernandez Vazquez operational/managerial control 2015-05
Elizabeth Gonzalez corporate director 2002-12
Elizabeth Gonzalez w-2 managing employee 2002-12
Elizabeth Gonzalez operational/managerial control 2002-12
Marco Reyes Concepcion corporate director 2013-01
Marco Reyes Concepcion w-2 managing employee 2013-01

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.

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