Kent County Memorial Hospital
Warwick, Kent County, RI
· CCN 410009
Licensed to Kent County Memorial Hospital
Composite
54.5
rank score
Distress
66
FY2023
Fit
62
vs thesis
Estimated ticket
$137M–$549M
323 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current liabilities exceed current assets
- occupancy 45-60%
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size well above the envelope
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $364M |
| Operating margin | -25.4% |
| Total margin | -3.3% |
| Days cash on hand | 18 |
| Current ratio | 0.95 |
| Occupancy | 49% |
Facility
| Beds | 323 |
| 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 | 323 | $300M | $-13.0M | -24.8% | -3.6% | 87 | 1.33 | 48% | 11,989 | 56 |
| 2021 | 323 | $351M | $25.9M | -17.8% | 5.9% | 86 | 1.52 | 51% | 12,825 | 40 |
| 2022 | 323 | $345M | $-40.4M | -23.1% | -10.5% | 36 | 1.26 | 48% | 12,028 | 67 |
| 2023 | 323 | $364M | $-14.5M | -25.4% | -3.3% | 18 | 0.95 | 49% | 10,910 | 66 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Care New England Health Systems | operational/managerial control | 100 | 1996-02 | |
| Ana Fulton | corporate director | 2021-12 | ||
| Andrew Burke | w-2 managing employee | 2024-01 | ||
| Ashley Taylor | corporate officer | 2025-01 | ||
| Carolynn Masters | corporate director | 2024-01 | ||
| Dawn Rodgers | w-2 managing employee | 2018-10 | ||
| Edward Cooney | corporate director | 2025-01 | ||
| Gary Furtado | corporate officer | 2013-10 | ||
| Heather Rose Mattias | w-2 managing employee | 2024-01 | ||
| James Botvin | corporate director | 2015-01 | ||
| James Burke | corporate officer | 2015-10 | ||
| James Burke | w-2 managing employee | 2015-10 | ||
| James Ruggieri | corporate director | 2026-01 | ||
| Joy Cave | corporate director | 2026-01 | ||
| Judith Remondi | corporate director | 2020-11 | ||
| Kevin Baill | corporate director | 2019-01 | ||
| Krysten Blanchette | contracted managing employee | 2015-01 | ||
| Lisa Colombo | corporate director | 2026-01 | ||
| Methodius Tuuli | corporate director | 2025-01 | ||
| Michael Wagner | corporate officer | 2024-01 | ||
| Patrick Murray | corporate director | 2013-10 | ||
| Peter Phillips | corporate director | 2024-01 | ||
| R Stephen Manty | corporate officer | 2020-01 | ||
| Sharon Conard-Wells | corporate director | 2015-04 | ||
| Todd Conklin | corporate director | 2024-01 |
Showing 25 of 26. Full list via /api/targets/410009.
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.