dealflow
envelope $200M

← Targets

Admin De Servicios Medicos De Pr

dba Asem · San Juan, PR · CCN 400127
Licensed to Administracion De Servicios Medicos De Puerto Rico

Composite
55.9
rank score
Distress
61
FY2024
Fit
71
vs thesis
Estimated ticket
$27.6M–$110M
65 beds · within envelope
Ownership
government
STH

Why it ranks here

  • operating margin below -10%
  • total margin negative
  • 90-150 days cash on hand
  • current ratio below 0.8
  • liabilities exceed assets
  • margin slipping
  • urban — higher occupancy and iteration surface
  • bed count in the target band
  • ticket size somewhat below the envelope
  • strong occupancy — good iteration surface
  • government-owned — public process likely

Latest financials · FY2024

Net patient revenue$234M
Operating margin -46.3%
Total margin -1.4%
Days cash on hand 103
Current ratio 0.29
Occupancy96%

Facility

Beds65
Facility typeSTH
Settingurban
Ownership classgovernment
Per-bed (low) $425K
Per-bed (high) $1.7M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 69 $149M $2 -73.9% 0.0% 152 0.33 80% 1,461 56
2022 66 $196M $-31.7M -48.0% -12.3% 116 0.28 83% 1,331 73
2023 65 $180M $-4.4K -67.1% -0.0% 122 0.29 87% 1,505 64
2024 65 $234M $-4.8M -46.3% -1.4% 103 0.29 96% 1,632 61

Owners

OwnerRole%SinceType
Administracion De Servicios Medicos De Puerto Rico
San Juan, PR
5% or greater direct ownership interest 100 1978-06
Administracion De Servicios Medicos De Puerto Rico
San Juan, PR
operational/managerial control 100 1990-11
Jorge Eduardo Matta Gonzalez corporate director 100 2017-01
Jorge Eduardo Matta Gonzalez w-2 managing employee 100 2017-01
Neysha Melany Carmona Iglesias corporate officer 100 2020-06
Neysha Melany Carmona Iglesias w-2 managing employee 100 2020-06
Neysha Melany Carmona Iglesias operational/managerial control 100 2020-06
Paul Barreras Diaz corporate director 100 2017-09
Paul Barreras Diaz w-2 managing employee 100 2017-09
Paul Barreras Diaz operational/managerial control 100 2017-09
Wanda Figueroa Velazquez corporate officer 100 2020-01
Wanda Figueroa Velazquez w-2 managing employee 100 2020-01
Wanda Figueroa Velazquez operational/managerial control 100 2020-01
Elaine Kolodziej Silva corporate director 75 2016-03
Elaine Kolodziej Silva w-2 managing employee 2016-03
Regino Colon Alsina corporate director 2025-01

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