Rhode Island Hospital
Providence, Providence County, RI
· CCN 410007
Licensed to Rhode Island Hospital
Composite
18.0
rank score
Distress
51
FY2023
Fit
55
vs thesis
Estimated ticket
$276M–$1.1B
650 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin under 2%
- under 30 days cash on hand
- current ratio under 1.5
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $1.5B |
| Operating margin | -25.0% |
| Total margin | 1.8% |
| Days cash on hand | 9 |
| Current ratio | 1.31 |
| Occupancy | 78% |
Facility
| Beds | 650 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 | 635 | $1.2B | $-712K | -23.7% | -0.0% | 45 | 1.62 | 79% | 31,544 | 52 |
| 2021 | 648 | $1.3B | $55.8M | -28.7% | 3.3% | 36 | 1.17 | 86% | 32,094 | 48 |
| 2022 | 648 | $1.4B | $-50.8M | -28.1% | -2.9% | 12 | 1.40 | 77% | 29,131 | 61 |
| 2023 | 650 | $1.5B | $35.3M | -25.0% | 1.8% | 9 | 1.31 | 78% | 28,885 | 51 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Alan Litwin | corporate director | 2011-04 | ||
| Angel Taveras | corporate director | 2023-12 | ||
| Angela Caliendo | corporate director | 2025-10 | ||
| Bernard Buonanno | corporate director | 2024-12 | ||
| Christian Cocks | corporate director | 2023-12 | ||
| Christine Rawnsley | w-2 managing employee | 2015-03 | ||
| Emanuel Barrows | corporate director | 2012-10 | ||
| Eva Greenwood | corporate officer | 2022-08 | ||
| Eva Greenwood | w-2 managing employee | 2022-08 | ||
| Janet Robinson | corporate director | 2023-12 | ||
| Jeffery Greenberg | corporate director | 2025-12 | ||
| John Fernandez | corporate director | 2013-01 | ||
| John Fernandez | w-2 managing employee | 2013-01 | ||
| Lawrence Aubin | corporate director | 1998-04 | ||
| Lifespan Corporation | operational/managerial control | 1994-08 | ||
| Martha Mainiero | corporate director | 2019-10 | ||
| Michael Hanna | corporate director | 2019-10 | ||
| Paula Mcnamara | corporate director | 2023-12 | ||
| Peter Markell | corporate director | 2023-01 | ||
| Peter Markell | w-2 managing employee | 2023-01 | ||
| Robert Dimuccio | corporate director | 2025-12 | ||
| Samuel Mencoff | corporate director | 2024-08 | ||
| Sarah Frost | w-2 managing employee | 2024-06 | ||
| Shivan Subramaniam | corporate director | 2012-10 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.