Corporacion Del Centro Cardiovascula
dba Centro Cardiovascular De Puerto Rico Y Del Caribe ·
Rio Piedras, PR
· CCN 400124
Licensed to Corporacion Centro Cardiovascular De Puerto Rico Y Del Caribe
Composite
62.5
rank score
Distress
74
FY2024
Fit
73
vs thesis
Estimated ticket
$57.4M–$230M
164 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- current ratio below 0.8
- debt above 85% of assets
- occupancy 30-45%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $64.4M |
| Operating margin | -21.4% |
| Total margin | -16.6% |
| Days cash on hand | 189 |
| Current ratio | 0.54 |
| Occupancy | 42% |
Facility
| Beds | 164 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 164 | $65.1M | $4.5M | -14.5% | 5.7% | 232 | 0.27 | 37% | 2,709 | 58 |
| 2022 | 155 | $71.0M | $12.5M | -8.0% | 14.1% | 269 | 0.39 | 43% | 2,814 | 52 |
| 2023 | 164 | $77.2M | $12.1M | -14.2% | 12.1% | 239 | 0.73 | 41% | 3,103 | 54 |
| 2024 | 164 | $64.4M | $-11.2M | -21.4% | -16.6% | 189 | 0.54 | 42% | 3,190 | 74 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Corporacion Centro Cardiovascular De Puerto Rico Y Del Caribe | 5% or greater direct ownership interest | 100 | 1992-12 | |
| Javier Marrero Marrero | 5% or greater direct ownership interest | 75 | 2020-02 | |
| Javier Marrero Marrero | corporate director | 75 | 2020-02 | |
| Ismari Ortiz-Viana | 5% or greater indirect ownership interest | 5 | 2022-04 | |
| Jorge Santiago Medina | 5% or greater indirect ownership interest | 5 | 2021-03 | |
| Javier Marrero Marrero | corporate officer | 2020-02 | ||
| Jorge Santiago Medina | w-2 managing employee | 2021-03 | ||
| Yexsenia Carrasquillo Mojica | corporate director | 2016-05 |
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 |