Geneva General Hospital
Geneva, Ontario County, NY
· CCN 330058
Licensed to Geneva General Hospital, Inc
Composite
66.3
rank score
Distress
90
FY2023
Fit
64
vs thesis
Estimated ticket
$41.0M–$164M
117 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy below 30%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $104M |
| Operating margin | -45.7% |
| Total margin | -15.3% |
| Days cash on hand | 21 |
| Current ratio | 0.73 |
| Occupancy | 29% |
Facility
| Beds | 117 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 117 | $98.4M | $-5.7M | -23.6% | -5.4% | 162 | 3.21 | 30% | 2,913 | 49 |
| 2021 | 117 | $110M | $-415K | -25.1% | -0.3% | 48 | 1.06 | 34% | 2,891 | 61 |
| 2022 | 117 | $103M | $-36.7M | -39.0% | -29.2% | 10 | 0.70 | 35% | 2,503 | 86 |
| 2023 | 117 | $104M | $-20.0M | -45.7% | -15.3% | 21 | 0.73 | 29% | 2,423 | 90 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ann Mcmullen | corporate director | 2021-09 | ||
| Chevanne Devaney | corporate director | 2017-04 | ||
| Craig Densmore | corporate director | 2018-04 | ||
| James Cheney | corporate director | 2016-04 | ||
| James Nardozzi | corporate director | 2021-09 | ||
| John Hicks | corporate director | 2010-06 | ||
| Jose Acevedo | corporate director | 2010-06 | ||
| Kathi Finizio | w-2 managing employee | 2013-09 | ||
| Kathi Finizio | operational/managerial control | 2013-09 | ||
| Kylene Abraham | corporate director | 2017-04 | ||
| Lance Ward | corporate director | 2015-04 | ||
| Phillip Beckley | corporate director | 2010-06 | ||
| Robert Anderson | corporate director | 2021-09 | ||
| Rodolfo Queiroz | corporate director | 2021-09 | ||
| Ryan Hallings | corporate director | 2019-04 | ||
| Scott Mooney | corporate director | 2021-09 | ||
| Susan Stork | corporate director | 2019-04 | ||
| Thomas Burrall | corporate director | 2018-04 | ||
| Trisha Koczent | corporate director | 2021-05 | ||
| Trisha Koczent | w-2 managing employee | 2021-05 |
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 |