Our Lady Of Fatima Hospital
North Providence, Providence County, RI
· CCN 410005
Licensed to Prospect Chartercare Sjhsri Llc
Composite
72.6
rank score
Distress
100
FY2023
Fit
69
vs thesis
Estimated ticket
$64.8M–$259M
185 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy below 30%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $136M |
| Operating margin | -17.7% |
| Total margin | -14.4% |
| Days cash on hand | 0 |
| Current ratio | 0.43 |
| Occupancy | 21% |
Facility
| Beds | 185 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 163 | $127M | $-13.6M | -29.1% | -9.1% | 0 | 0.89 | 28% | 2,973 | 92 |
| 2021 | 163 | $132M | $3.1M | -7.4% | 2.1% | 0 | 1.51 | 26% | 3,404 | 58 |
| 2022 | 163 | $136M | $-10.0M | -9.6% | -7.1% | 0 | 0.55 | 24% | 3,105 | 87 |
| 2023 | 185 | $136M | $-20.1M | -17.7% | -14.4% | 0 | 0.43 | 21% | 3,753 | 100 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Chamber Inc | 5% or greater indirect ownership interest | 100 | 2021-06 | |
| Prospect Chartercare, Llc | 5% or greater direct ownership interest | 100 | 2014-06 | |
| Ivy Holdings Inc | 5% or greater indirect ownership interest | 85 | 2014-06 | |
| Ivy Intermediate Holding, Inc. | 5% or greater indirect ownership interest | 85 | 2014-06 | |
| Prospect East Holdings, Inc. | 5% or greater indirect ownership interest | 85 | 2014-06 | |
| Prospect Medical Holdings Inc | 5% or greater indirect ownership interest | 85 | 2014-06 | |
| Sang Bum Lee | 5% or greater indirect ownership interest | 67 | 2014-06 | |
| David & Alexa Topper Family Trust | 5% or greater indirect ownership interest | 33 | 2014-06 | |
| Alfredo Sabillo | corporate officer | 2020-07 | ||
| David Topper | corporate officer | 2014-11 | ||
| David Topper | corporate director | 2014-06 | ||
| David Topper | other | 2014-06 | ||
| Eric Samuels | corporate officer | 2019-06 | ||
| Jeffrey Liebman | corporate officer | 2018-10 | ||
| Jeffrey Liebman | w-2 managing employee | 2018-10 | ||
| Robert Elders | corporate officer | 2020-06 | ||
| Sang Bum Lee | corporate officer | 2014-11 | ||
| Sang Bum Lee | corporate director | 2014-06 | ||
| William Gorenstein | corporate officer | 2016-08 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.