Doctors Center Hospital Carolina
dba Doctors Center Hospital San Fernando De La Carolina ·
Manati, Carolina Municipio County, PR
· CCN 400132
Licensed to Doctors Center Hospital Carolina Llc
Composite
58.0
rank score
Distress
57
FY2023
Fit
81
vs thesis
Estimated ticket
$46.3M–$185M
109 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin under 2%
- total margin under 2%
- under 30 days cash on hand
- current liabilities exceed current assets
- liabilities exceed assets
- 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 | $37.1M |
| Operating margin | 0.3% |
| Total margin | 0.9% |
| Days cash on hand | 10 |
| Current ratio | 0.86 |
| Occupancy | 79% |
Facility
| Beds | 109 |
| 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 | 109 | $30.6M | $3.6M | -9.0% | 9.6% | 24 | 0.58 | 78% | 5,834 | 69 |
| 2021 | 109 | $35.6M | $2.5M | -1.0% | 6.5% | 16 | 0.74 | 86% | 6,375 | 62 |
| 2022 | 109 | $35.5M | $535K | -4.3% | 1.4% | 13 | 0.60 | 79% | 6,211 | 66 |
| 2023 | 109 | $37.1M | $343K | 0.3% | 0.9% | 10 | 0.86 | 79% | 5,928 | 57 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Dch Holding Llc | 5% or greater direct ownership interest | 100 | 2023-06 | |
| Carlos Blanco Ramos | 5% or greater indirect ownership interest | 75 | 2023-06 | |
| Carlos Blanco Ramos | general partnership interest | 75 | 2023-06 | |
| Carlos Blanco Ramos | operational/managerial control | 75 | 2023-06 |
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 |