Caribbean Medical Center
Fajardo, Fajardo Municipio County, PR
· CCN 400131
Licensed to Caribe Physicians Plaza Corporation
Composite
35.3
rank score
Distress
10
FY2023
Fit
77
vs thesis
Estimated ticket
$26.0M–$104M
52 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $28.2M |
| Operating margin | 11.0% |
| Total margin | 17.3% |
| Days cash on hand | 284 |
| Current ratio | 1.78 |
| Occupancy | 84% |
Facility
| Beds | 52 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 42 | $18.9M | $5.6M | 5.4% | 23.8% | 276 | 1.58 | 83% | 2,650 | 0 |
| 2021 | 44 | $21.1M | $4.3M | -7.8% | 15.8% | 292 | 1.79 | 99% | 3,419 | 22 |
| 2022 | 44 | $24.8M | $2.2M | -0.6% | 8.2% | 292 | 1.79 | 95% | 3,002 | 16 |
| 2023 | 52 | $28.2M | $5.3M | 11.0% | 17.3% | 284 | 1.78 | 84% | 2,887 | 10 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Caribe Physicians Plaza Corporation | 5% or greater direct ownership interest | 100 | 1997-04 | |
| Sara Lopez Martin | 5% or greater indirect ownership interest | 40 | 2000-10 | |
| Laboratorio Clinico Y Referencia De Fajardo Inc | 5% or greater direct ownership interest | 13 | 2006-08 | |
| Diana Fernandez Garcia | 5% or greater indirect ownership interest | 10 | 2000-10 | |
| Ana Oliveras Laguna | corporate officer | 2016-05 | ||
| Luis Torres | w-2 managing employee | 2017-08 |
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 |