dealflow
envelope $200M

← Targets

Hospital Wilma N Vazquez

Vega Baja, PR · CCN 400115

Composite
56.9
rank score
Distress
57
FY2023
Fit
78
vs thesis
Estimated ticket
$41.6M–$167M
98 beds · within envelope
Ownership
for-profit
STH

Why it ranks here

  • operating margin negative
  • under 30 days cash on hand
  • current liabilities exceed current assets
  • liabilities exceed 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$37.3M
Operating margin -1.1%
Total margin 2.3%
Days cash on hand 0
Current ratio 0.84
Occupancy59%

Facility

Beds98
Facility typeSTH
Settingurban
Ownership classfor-profit
Per-bed (low) $425K
Per-bed (high) $1.7M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 90 $23.7M $676K -0.3% 2.8% 18 0.92 40% 1,837 63
2021 90 $30.9M $1.6M -9.9% 4.6% 1 1.51 45% 2,005 51
2022 100 $37.6M $2.8M 5.6% 7.3% 1 1.32 55% 3,330 32
2023 98 $37.3M $886K -1.1% 2.3% 0 0.84 59% 3,598 57

Owners

No ownership records — CMS has no owner filings mapped to this CCN.

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