Short-term acute care hospital · Worcester, Massachusetts · 114 beds · CMS certification number 220062
Adcare Hospital of Worcester
Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended September 30, 2025, as submitted, stamped by CMS March 2, 2026. 30 years on file, every one shown below.
Fiscal 2025 at a glance
What stands out
- Net patient revenue rose from $12.3M in its first year on file (1996) to $36.8M in 2025.
- Its result from patient care: $1.8M (2023), $6.0M (2024), $4.8M (2025).
- 1 of the 5 short-term acute care hospital peers below with a margin on file also reports a gain on patient care for fiscal year 2025.
- Medicaid paid for 2.1% of its inpatient days and Medicare for 23.3%.
- AAC HEALTHCARE NETWORK, INC. holds 100% of it, on its Medicare enrollment.
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.
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as submitted
Beside its peers
Short-term acute care hospitals in Massachusetts with 100 to 199 beds, each on fiscal year 2025.
| Hospital | Beds | Net patient revenue | Operating expenses | Margin |
|---|---|---|---|---|
| Adcare Hospital of Worcester | 114 | $36,844,944 | $31,995,117 | 13.2% |
| Cooley Dickinson Hospital, Northampton | 118 | $298,368,450 | $285,231,928 | 4.4% |
| Emerson Hospital, Concord | 111 | $386,003,891 | $400,914,122 | −3.9% |
| Healthalliance-Clinton Hospital, Leominster | 118 | $260,423,844 | $281,897,494 | −8.3% |
| Heywood Hospital, Gardner | 114 | $170,540,897 | $201,793,805 | −18.3% |
| Metrowest Medical Center, Natick | 123 | $185,388,721 | $219,596,990 | −18.4% |
Patients and payers
- Discharges
- 5,604S-3 line 14, col 15
- Inpatient days
- 37,500S-3 line 14, col 8
- Beds in use, on an average day
- 103.0days ÷ days in year
- Occupancy
- 90.1%days ÷ bed days
- Medicare share of days
- 23.3%S-3 cols 6 ÷ 8
- Medicaid share of days
- 2.1%S-3 cols 7 ÷ 8
Who owns it
- AAC HEALTHCARE NETWORK, INC.100%
- AAC INTERMEDIATE HOLDCO, INC.100%
- AAC NEW HOLDCO, INC.100%
- AAC PARENT CORPORATION100%
- ADCARE INC100%
- KAT SPV, LLC11%
- CQS CREDIT MULTI ASSET FUND, A SUBFUND OF CQS GLOBAL FUNDS (IRELAND) P8%
- HG VORA SPECIAL OPPORTUNITIES FUND LP8%
- BRIGHTWOOD CAPITAL FUND IV, LP7%
- HMS EQUITY HOLDING,LLC6%
Related organizations on its own cost report: ADCARE INC. (100%), management; GREEN HILL REALTY (100%), real estate; LCR (100%), real estate; DIVERSIFIED HEALTH CARE (100%), education & development.
Type of control on its cost report: proprietary, corporation.
Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).
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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 220062. Patients and payers: worksheet S-3 Part I of the same filing. Ownership: CMS Hospital All Owners and Hospital Enrollments.
How this page was built: the CMS Medicare cost report, file HOSP10FY2025.ZIP, read March 2, 2026.