Kaleida Health
Buffalo, Erie County, NY
· CCN 330005
Licensed to Kaleida Health
Composite
18.0
rank score
Distress
52
FY2023
Fit
54
vs thesis
Estimated ticket
$405M–$1.6B
954 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- current liabilities exceed current assets
- debt above 85% of assets
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $1.5B |
| Operating margin | -7.7% |
| Total margin | -0.9% |
| Days cash on hand | — |
| Current ratio | 0.97 |
| Occupancy | 80% |
Facility
| Beds | 954 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 954 | $1.2B | $-60.0M | -15.1% | -4.5% | 40 | 1.19 | 79% | 49,439 | 71 |
| 2021 | 954 | $1.3B | $-40.5M | -5.9% | -3.0% | 33 | 1.09 | 84% | 47,014 | 58 |
| 2022 | 954 | $1.4B | $-93.6M | -8.8% | -6.5% | — | 1.03 | 84% | 47,074 | 59 |
| 2023 | 954 | $1.5B | $-14.2M | -7.7% | -0.9% | — | 0.97 | 80% | 47,357 | 52 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Kaleida Health | 5% or greater direct ownership interest | 100 | 1998-04 | |
| Prudential Huntoon Paige Associated Ltd Isaoa | 5% or greater mortgage interest | 33 | 1998-04 | |
| Abeer Eddib | corporate director | 2019-06 | ||
| Alyson Spaulding | corporate officer | 2014-08 | ||
| Angela Mccrorey | w-2 managing employee | 2019-06 | ||
| Christopher Ross | corporate director | 2015-05 | ||
| Corin Silvestrini | w-2 managing employee | 2024-02 | ||
| Dan Magnuszewski | corporate director | 2024-04 | ||
| Donald Boyd | corporate officer | 2022-07 | ||
| Donald Boyd | corporate director | 2022-07 | ||
| Donald Boyd | w-2 managing employee | 2009-05 | ||
| Gary Crosby | corporate director | 2017-05 | ||
| George Matthews | corporate director | 2008-05 | ||
| Hugh Chisholm | corporate officer | 2023-10 | ||
| Ian Barrett | corporate officer | 2022-10 | ||
| Jamie Nadler | w-2 managing employee | 2022-05 | ||
| Jennifer Dunn | w-2 managing employee | 2024-03 | ||
| Jo Ann Ormond | w-2 managing employee | 2019-08 | ||
| John Persons | corporate director | 2022-04 | ||
| K Chevli | corporate director | 2022-04 | ||
| Kenneth Snyder | w-2 managing employee | 2022-04 | ||
| Lorrie Clemo | corporate director | 2017-05 | ||
| Marjorie Quint-Bouzid | corporate officer | 2023-10 | ||
| Mary Lou Rusin | corporate director | 2015-05 | ||
| Matthew Drake | corporate officer | 2021-12 |
Showing 25 of 35. Full list via /api/targets/330005.
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.
Who has been buying in NY
Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2025-03-01 | Nyu Langone Hospitals | Brookhaven Memorial Hospital... | Long Island Community Hospital | 157 |
| 2022-10-01 | The New York And Presbyterian Hospital | Newyork-Presbyterian... | New York Presbyterian Hospital | 2,850 |
| 2021-02-27 | New York City Health And Hospitals... | New York City Health And Hospitals... | Jacobi Medical Center | 440 |
| 2021-01-01 | The Brookdale Hospital Medical Center | Kingsbrook Jewish Medical Center | Brookdale Hospital Medical Center | 450 |
| 2020-10-01 | Samaritan Hospital Of Troy, New York | Burdett Care Center, Inc. | Samaritan Hospital | 252 |
| 2020-09-23 | Healthalliance Hospital Marys Avenue Campus | Healthalliance Hospital Broadway Campus | Healthalliance Hospital Marys Ave Ca | 111 |
| 2020-01-01 | Samaritan Hospital Of Troy, New York | Memorial Hospital, Albany N.y. | Samaritan Hospital | 252 |
| 2019-07-01 | University Hospital At Stony Brook | Eastern Long Island Hospital Assoc Inc | Stony Brook University Hospital | 725 |
| 2019-01-01 | Samaritan Hospital Of Troy, New York | Seton Health System, Inc | Samaritan Hospital | 252 |
| 2016-01-14 | Long Island Jewish Medical Center | Forest Hills Hospital | Long Island Jewish Medical Center | 1,153 |