Central Vermont Hospital
Barre, Washington County, VT
· CCN 470001
Licensed to Central Vermont Medical Center Inc
Composite
54.2
rank score
Distress
69
FY2023
Fit
58
vs thesis
Estimated ticket
$7.5M–$15.0M
88 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- 30-60 days cash on hand
- current liabilities exceed current assets
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $191M |
| Operating margin | -52.1% |
| Total margin | -3.6% |
| Days cash on hand | 38 |
| Current ratio | 0.83 |
| Occupancy | 69% |
Facility
| Beds | 88 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 76 | $148M | $3.8M | -59.0% | 1.6% | 45 | 1.02 | 66% | 3,532 | 51 |
| 2021 | 88 | $180M | $5.0M | -39.5% | 2.0% | 16 | 0.92 | 60% | 3,655 | 64 |
| 2022 | 88 | $271M | $2.4M | -2.6% | 0.9% | 10 | 0.73 | 70% | 3,485 | 54 |
| 2023 | 88 | $191M | $-10.2M | -52.1% | -3.6% | 38 | 0.83 | 69% | 3,514 | 69 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| The University Of Vermont Health Network Inc. | 5% or greater direct ownership interest | 100 | 2014-11 | |
| Anna Noonan | corporate director | 2017-07 | ||
| Anna Noonan | w-2 managing employee | 2017-07 | ||
| Anna Noonan | operational/managerial control | 2017-07 | ||
| Constance Colman | corporate director | 2018-04 | ||
| Erica Hare | corporate director | 2023-01 | ||
| Joan Misek | corporate director | 2019-12 | ||
| Joyce Judy | corporate director | 2013-12 | ||
| Kimberly Patnaude | corporate officer | 2021-03 | ||
| Kimberly Patnaude | w-2 managing employee | 2021-03 | ||
| Kristin Carlson | corporate director | 2025-01 | ||
| Lisa Muller | corporate director | 2021-12 | ||
| Michael Dellipriscoli | corporate director | 2024-01 | ||
| R Nelson | corporate director | 2024-01 | ||
| Ryan Clouser | corporate director | 2024-01 | ||
| Sunil Eappen | corporate director | 2022-11 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.