Southwestern Vermont Medical Center
Bennington, Bennington County, VT
· CCN 470012
Licensed to Southwestern Vermont Medical Center, Inc
Composite
58.3
rank score
Distress
78
FY2023
Fit
58
vs thesis
Estimated ticket
$3.7M–$7.4M
53 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 ratio below 0.8
- 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 | $156M |
| Operating margin | -31.2% |
| Total margin | -3.2% |
| Days cash on hand | 16 |
| Current ratio | 0.75 |
| Occupancy | 64% |
Facility
| Beds | 53 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 78 | $127M | $8.1M | -32.4% | 4.6% | 51 | 1.12 | 39% | 2,987 | 53 |
| 2021 | 78 | $145M | $10.3M | -24.6% | 5.3% | 33 | 0.83 | 44% | 2,975 | 59 |
| 2022 | 57 | $155M | $-1.7M | -26.6% | -0.9% | 21 | 0.74 | 66% | 3,149 | 71 |
| 2023 | 53 | $156M | $-6.4M | -31.2% | -3.2% | 16 | 0.75 | 64% | 2,828 | 78 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Dartmouth Hitchcock Health | 5% or greater indirect ownership interest | 100 | 2023-07 | |
| Southwestern Vermont Healthcare | 5% or greater direct ownership interest | 100 | 2023-07 | |
| Angeline Marano | corporate director | 2022-05 | ||
| Brian Barefoot | corporate director | 2022-05 | ||
| Brian Ogrady | corporate director | 2022-05 | ||
| Carol Conroy | corporate officer | 2012-03 | ||
| Christine Miles | corporate director | 2022-05 | ||
| Connie Jastremski | corporate director | 2022-05 | ||
| Dimitri Garder | corporate director | 2022-05 | ||
| George Keady | corporate director | 2023-07 | ||
| Kathleen Fisher | corporate director | 2022-05 | ||
| Kristyn Harrington | corporate director | 2022-05 | ||
| Matthew Vernon | corporate director | 2023-07 | ||
| Robert Laba | corporate officer | 2024-04 | ||
| Robert Laba | w-2 managing employee | 2024-04 | ||
| Robert Vandegna | corporate director | 2022-05 | ||
| Stephen Kelly | corporate director | 2022-05 | ||
| Themarge Small | corporate director | 2023-07 | ||
| Thomas Dee | corporate officer | 2010-04 | ||
| Thomas Green | corporate director | 2023-07 | ||
| Wayne Granquist | corporate director | 2022-05 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.