Velarion Records

Short-term acute care hospital · Lawrence, Massachusetts · 186 beds · CMS certification number 220010

Merrimack Health Lawrence Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended September 30, 2025, as submitted, stamped by CMS March 10, 2026. 30 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$311.2M
$311,198,000 · G-3 line 3
Operating expenses
$365.3M
$365,333,000 · G-3 line 4
Result from patient care
−$54.1M
−$54,135,000 · G-3 line 5
Margin on patient care
−17.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $73.0M in its first year on file (1996) to $311.2M in 2025.
  • Its result from patient care: −$36.2M (2023), −$32.8M (2024), −$54.1M (2025).
  • 4 of the 5 short-term acute care hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.
  • Medicaid paid for 23.3% of its inpatient days and Medicare for 32.1%.

Every statement is drawn from figures on this page; nothing is estimated.

30 years of filings

Net patient revenue against operating expenses, each year as filed.

Net patient revenueOperating expenses
1996
reopened
$73.0M
$73.3M
1997
reopened
$76.7M
$77.0M
1998
reopened
$81.2M
$81.7M
1999
reopened
$84.7M
$84.6M
2000
reopened
$86.6M
$89.8M
2001
reopened
$94.3M
$97.9M
2002
settled with audit
$105.6M
$107.7M
2003
reopened
$110.2M
$113.0M
2004
reopened
$115.2M
$119.2M
2005
reopened
$120.0M
$126.7M
2006
reopened
$126.3M
$131.8M
2007
reopened
$142.2M
$143.7M
2008
reopened
$149.5M
$150.6M
2009
reopened
$156.7M
$159.1M
2010
reopened
$173.4M
$175.6M
2011
reopened
$184.7M
$185.4M
2012
reopened
$197.5M
$207.3M
2013
reopened
$191.5M
$209.9M
2014
settled
$185.6M
$220.5M
2015
reopened
$203.8M
$230.4M
2016
reopened
$215.3M
$240.1M
2017
reopened
$222.8M
$247.8M
2018
reopened
$243.5M
$268.3M
2019
settled
$233.0M
$266.0M
2020
settled with audit
$219.8M
$299.7M
2021
settled with audit
$282.9M
$326.3M
2022
settled
$289.3M
$324.5M
2023
settled
$309.3M
$345.5M
2024
as submitted
$306.7M
$339.5M
2025
as submitted
$311.2M
$365.3M

Beside its peers

Short-term acute care hospitals in Massachusetts with 100 to 199 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Merrimack Health Lawrence Hospital186$311,198,000$365,333,000−17.4%
Beth Israel Deaconess Hospital Plymouth, Plymouth151$372,348,436$383,875,681−3.1%
Brigham and Women's Faulkner Hospital, Jamaica Plain164$415,662,867$434,649,495−4.6%
Brown University Health Saint Anne's Hospital, Fall River152$281,438,731$310,166,029−10.2%
Melrosewakefield Healthcare, Medford160$259,416,813$285,768,160−10.2%
Winchester Hospital, Winchester183$366,040,662$351,231,2464.0%

Patients and payers

Discharges
10,534
S-3 line 14, col 15
Inpatient days
50,235
S-3 line 14, col 8
Beds in use, on an average day
138.0
days ÷ days in year
Occupancy
74.0%
days ÷ bed days
Medicare share of days
32.1%
S-3 cols 6 ÷ 8
Medicaid share of days
23.3%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: LAWRENCE GENERA (100%), home office.

Type of control on its cost report: voluntary nonprofit, other.

Community benefit, as filed

From IRS Form 990 Schedule H, Part I, filed by Lawrence General Hospital (employer identification number 042103586) for tax year 2022. The return lists this hospital as its one hospital facility.

FigureAs filedWhere it comes from
Total community benefit expense (line 7k)$16,453,187IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt>
Financial assistance at cost (line 7a)$3,742,715IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt>
Medicaid (line 7b)$4,297,112IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt>
Financial assistance and means-tested government programs (line 7d)$8,039,827IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt>
Other benefits (line 7j)$8,413,360IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt>
Total, fraction of total expense (line 7k, column f)0.0475IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct>

E-file object id 202442289349303039. The IRS archive it was read from.

Executive and director compensation, as filed

From IRS Form 990 Part VII, Section A, filed by Lawrence General Hospital (employer identification number 042103586) for tax year 2022. The return lists this hospital as its one hospital facility.

NameTitleRoleReportable comp, from this organizationReportable comp, from related organizationsOther compensation
CAROL POWERSTRUSTEETrustee/director$0$0$0
DEBORAH J WILSONPRESIDENT & CEO (END 5/23)Trustee/director, Officer$998,219$0$49,908
EDUARDO HADDAD MDTRUSTEETrustee/director$312,000$0$0
GEORGE KONDYLIS MDCHIEF MEDICAL OFFICERHighest-compensated employee$446,779$0$52,528
GLENN NEWSOMETRUSTEETrustee/director$0$0$0
JASON D REID MDPHYSICIAN (ORTHO TRAUMA)Highest-compensated employee$558,198$0$28,390
JOHN J BRADY MDPHYSICIANHighest-compensated employee$459,181$0$19,928
JOYCE SHANNONTRUSTEETrustee/director$0$0$0
LANE GLENNTRUSTEETrustee/director$0$0$0
LAUREL SWEENEYTREASURERTrustee/director, Officer$0$0$0
LISA CRUTCHFIELDCORP ASST SEC/CHRO HROfficer$306,890$0$21,141
MARIANNE PALEY NADELTRUSTEETrustee/director$0$0$0
MARK JOHNSONSECRETARY/CLERKTrustee/director, Officer$0$0$0
MICHAEL MANCUSOCHAIRMANTrustee/director, Officer$0$0$0
MICHAEL S TURILLICFO/CORP ASST TREAS (END 5/22)Former$366,196$0$19,036
RICHARD SANTAGATITRUSTEETrustee/director$0$0$0
ROBERT GILBERT ESQTRUSTEE/EX-OFFICIO (END 12/22)Trustee/director$0$0$0
ROBIN HYNDSINTERIM PRES. & CEO (BEG 5/23)Trustee/director, Officer$432,601$0$27,890
ROSEMARIE DAYTRUSTEETrustee/director$0$0$0
SEUNGWHAN PEE MDGENERAL SURGEONHighest-compensated employee$482,662$0$23,047
SHALIMAR QUILESTRUSTEETrustee/director$0$0$0
SUNIT MUKHERJEE MDCHIEF CARDIO & AMBULATORY MED.Highest-compensated employee$771,236$0$40,374
WILLIAM SULLIVANCFO/CORP ASST TREAS(BEG 10/22)Officer$85,955$0$12,566
WILLIAM WALLTRUSTEETrustee/director$0$0$0

E-file object id 202442289349303039. The IRS archive it was read from.

Follow this hospital, free

We send this record now and tell you when it files again.

More short-term acute care hospitals in Massachusetts

From the publisher of Velarion Records

Velarion Intel

Independent Decision-Grade Intelligence

Compensation and corporate governance intelligence for advisors, investors and companies. Executive and board pay for public companies, benchmarked against peers.

See what Intel shows

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 220010. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2025.ZIP, read March 10, 2026.