North Country Hospital & Health Ctr
Newport, Orleans County, VT
· CCN 471304
Licensed to North Country Hospital & Health Center Inc
Composite
56.3
rank score
Distress
78
FY2023
Fit
53
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
nonprofit
CAH
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
- small but workable bed count
- 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 | $83.2M |
| Operating margin | -29.8% |
| Total margin | -4.0% |
| Days cash on hand | 6 |
| Current ratio | 0.56 |
| Occupancy | 64% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $59.5K |
| Per-bed (high) | $119K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $66.7M | $7.1M | -27.3% | 7.4% | 98 | 1.83 | 62% | 1,235 | 32 |
| 2021 | 25 | $76.9M | $14.1M | -21.5% | 13.1% | 75 | 1.50 | 68% | 1,340 | 38 |
| 2022 | 25 | $70.8M | $-16.5M | -41.7% | -17.3% | 14 | 1.01 | 63% | 1,305 | 70 |
| 2023 | 25 | $83.2M | $-4.0M | -29.8% | -4.0% | 6 | 0.56 | 64% | 1,363 | 78 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Steven Wright | corporate director | 5 | 2018-03 | |
| Anita Flagg | corporate officer | 2025-11 | ||
| Anita Flagg | w-2 managing employee | 2025-01 | ||
| Deborah Brown | w-2 managing employee | 2018-12 | ||
| Ellen Stanley | corporate officer | 2024-01 | ||
| Gregory Walker | corporate officer | 2022-01 | ||
| Louise Bonvechio | corporate officer | 2022-01 | ||
| Nancy Bullock | corporate officer | 2022-01 | ||
| Tracey Paul | corporate officer | 2022-01 | ||
| Tracey Paul | w-2 managing employee | 2022-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.