Our Lady Of Lourdes Memorial Hosp
Binghamton, Broome County, NY
· CCN 330011
Licensed to Our Lady Of Lourdes Memorial Hospital Inc
Composite
51.7
rank score
Distress
61
FY2024
Fit
60
vs thesis
Estimated ticket
$14.9M–$29.8M
175 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- 90-150 days cash on hand
- current ratio under 1.5
- debt above 70% of assets
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $446M |
| Operating margin | -20.1% |
| Total margin | -9.9% |
| Days cash on hand | 132 |
| Current ratio | 1.39 |
| Occupancy | 68% |
Facility
| Beds | 175 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 175 | $364M | $51.5M | -19.8% | 10.6% | 242 | 3.09 | 75% | 9,620 | 28 |
| 2022 | 175 | $384M | $-41.6M | -24.6% | -9.1% | 190 | 2.71 | 80% | 9,057 | 44 |
| 2023 | 175 | $412M | $-26.4M | -24.9% | -5.4% | 147 | 2.56 | 80% | 8,422 | 44 |
| 2024 | 175 | $446M | $-48.0M | -20.1% | -9.9% | 132 | 1.39 | 68% | 8,055 | 61 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Edmund Sabanegh | corporate officer | 100 | 2021-09 | |
| Edmund Sabanegh | other | 100 | 2024-02 | |
| Brian Rose | corporate director | 2015-07 | ||
| Edmund Sabanegh | corporate director | 2024-02 | ||
| Edmund Sabanegh | w-2 managing employee | 2024-02 | ||
| Frank Greco | corporate director | 2014-07 | ||
| James Orband | corporate director | 2013-07 | ||
| Kathryn Connerton | corporate officer | 2014-12 | ||
| Kathryn Connerton | corporate director | 2014-12 | ||
| Kathryn Connerton | w-2 managing employee | 2014-12 | ||
| Kim Myers | corporate director | 2014-07 | ||
| Lucia Saggiomo | corporate director | 2017-06 | ||
| Robert Fisher | corporate director | 2015-07 | ||
| Sanjiv Patel | w-2 managing employee | 1999-10 | ||
| Steven Vannostrand | corporate director | 2014-07 | ||
| Wendy Sowle | corporate officer | 2025-02 | ||
| Yasmin Guirgis | corporate director | 2025-12 | ||
| Yasmin Guirgis | w-2 managing employee | 2025-12 |
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 |