Niagara Falls Memorial Medical Cente
Niagara Falls, Niagara County, NY
· CCN 330065
Licensed to Niagara Falls Memorial Medical Center
Composite
58.2
rank score
Distress
64
FY2023
Fit
74
vs thesis
Estimated ticket
$56.5M–$226M
133 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin under 2%
- 30-60 days cash on hand
- current ratio below 0.8
- debt above 70% of assets
- occupancy 45-60%
- margin slipping
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $90.9M |
| Operating margin | -47.6% |
| Total margin | 0.6% |
| Days cash on hand | 36 |
| Current ratio | 0.62 |
| Occupancy | 51% |
Facility
| Beds | 133 |
| 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 | 133 | $96.9M | $2.6M | -30.2% | 2.0% | 19 | 1.25 | 46% | 4,470 | 56 |
| 2021 | 133 | $99.7M | $-7.3M | -27.2% | -6.1% | 3 | 1.51 | 50% | 3,858 | 64 |
| 2022 | 133 | $83.1M | $-7.1M | -54.6% | -5.8% | 2 | 0.75 | 46% | 3,405 | 82 |
| 2023 | 133 | $90.9M | $744K | -47.6% | 0.6% | 36 | 0.62 | 51% | 3,604 | 64 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Charles Rader | corporate director | 2007-01 | ||
| Craig Pridgen | corporate director | 2017-12 | ||
| Cynthia Bianco | corporate director | 2007-01 | ||
| Don King | corporate director | 2007-01 | ||
| Gerald Gorman | corporate director | 2021-10 | ||
| James Roscetti | corporate director | 2007-01 | ||
| Joseph Ruffolo | corporate officer | 2002-11 | ||
| Joseph Ruffolo | w-2 managing employee | 2002-11 | ||
| Judith Nolan-Powell | corporate director | 2015-01 | ||
| Margaret Toohey | corporate director | 2007-01 | ||
| Marion Lavigne | corporate director | 2015-01 | ||
| Mark Perry | corporate director | 2007-01 | ||
| Mark Wright | corporate officer | 2019-08 | ||
| Matthew Feldman | corporate director | 2015-01 | ||
| Rajinder Bajwa | corporate director | 2021-09 | ||
| Robert Bradley | corporate director | 2007-01 | ||
| Ronald Campbell | corporate director | 2007-01 | ||
| Tina Abrams | corporate director | 2021-03 | ||
| Vijay Bojedla | corporate director | 2007-01 |
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 |