Metro Mayaguez
dba Hospital Perea ·
Mayaguez, Mayaguez County, PR
· CCN 400123
Licensed to Metro Mayaguez Inc
Composite
54.9
rank score
Distress
50
FY2023
Fit
81
vs thesis
Estimated ticket
$52.3M–$209M
123 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- 60-90 days cash on hand
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $51.2M |
| Operating margin | -7.6% |
| Total margin | -5.8% |
| Days cash on hand | 88 |
| Current ratio | 2.66 |
| Occupancy | 73% |
Facility
| Beds | 123 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 117 | $43.4M | $6.1M | -4.3% | 11.9% | 123 | 4.47 | 62% | 4,746 | 20 |
| 2021 | 123 | $50.1M | $3.6M | 1.3% | 6.8% | 131 | 4.50 | 63% | 5,297 | 11 |
| 2022 | 122 | $50.5M | $349K | -2.9% | 0.7% | 122 | 3.21 | 70% | 5,444 | 23 |
| 2023 | 123 | $51.2M | $-3.0M | -7.6% | -5.8% | 88 | 2.66 | 73% | 5,632 | 50 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Artau Holdings Llc | 5% or greater direct ownership interest | 100 | 2015-05 | |
| Joannie Garcia | w-2 managing employee | 100 | 1997-04 | |
| Carmen Feliciano Vargas | 5% or greater indirect ownership interest | 38 | 2015-05 | |
| Eduardo Artau Gomez | 5% or greater indirect ownership interest | 38 | 2015-05 | |
| Eduardo Artau Feliciano | 5% or greater indirect ownership interest | 8 | 2015-05 | |
| Francisco Artau Feliciano | 5% or greater indirect ownership interest | 8 | 2015-05 | |
| Karen Artau Feliciano | 5% or greater indirect ownership interest | 8 | 2015-05 | |
| Joannie Garcia | corporate director | 2006-08 | ||
| Marco Reyes Concepcion | corporate director | 2010-03 | ||
| Marco Reyes Concepcion | w-2 managing employee | 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 |