Arnot-Ogden Medical Center
Elmira, Chemung County, NY
· CCN 330090
Licensed to Arnot Ogden Medical Center
Composite
54.6
rank score
Distress
56
FY2023
Fit
74
vs thesis
Estimated ticket
$81.2M–$325M
191 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin under 2%
- under 30 days cash on hand
- current ratio under 1.5
- 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 | $307M |
| Operating margin | -38.8% |
| Total margin | 1.4% |
| Days cash on hand | 17 |
| Current ratio | 1.23 |
| Occupancy | 56% |
Facility
| Beds | 191 |
| 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 | 179 | $269M | $6.3M | -33.6% | 1.8% | 49 | 1.36 | 64% | 8,185 | 51 |
| 2021 | 226 | $294M | $8.5M | -30.7% | 2.2% | 24 | 1.47 | 56% | 7,590 | 56 |
| 2022 | 191 | $279M | $-41.6M | -45.4% | -11.5% | 10 | 0.94 | 59% | 7,236 | 78 |
| 2023 | 191 | $307M | $6.0M | -38.8% | 1.4% | 17 | 1.23 | 56% | 7,297 | 56 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Arnot Health Inc | operational/managerial control | 100 | 2012-01 | |
| Centralus Health Inc | operational/managerial control | 100 | 2025-01 | |
| Andrea Ogunwumi | corporate director | 2021-05 | ||
| Arie Van Den Blink | corporate director | 2015-06 | ||
| Donald Quick | corporate director | 2011-09 | ||
| Gary Koretzky | corporate director | 2025-01 | ||
| James Bohan | corporate director | 2024-01 | ||
| Jeff Streeter | corporate director | 2017-06 | ||
| Jeffrey Evenson | corporate director | 2018-09 | ||
| John Macmahon | corporate director | 2018-09 | ||
| Jonathan Lawrence | corporate officer | 2018-07 | ||
| Jonathan Lawrence | corporate director | 2017-04 | ||
| Jonathan Lawrence | w-2 managing employee | 2017-04 | ||
| Joyce Carr | corporate director | 2019-05 | ||
| Krista Niles-Updyke | corporate director | 2021-05 | ||
| Laurie Mante | corporate director | 2025-01 | ||
| Martin Stallone | corporate officer | 2025-01 | ||
| Paul Streeter | corporate director | 2025-01 | ||
| Philip Harmon | corporate director | 2025-01 | ||
| Rebecca Gould | corporate officer | 2025-07 | ||
| Rebecca Gould | w-2 managing employee | 2025-07 | ||
| Richard Simons | corporate director | 2015-06 | ||
| Richard Terry | corporate director | 2023-03 | ||
| Thomas Livigne | corporate director | 2025-01 | ||
| Thomas Writh | corporate director | 2024-05 |
Showing 25 of 26. Full list via /api/targets/330090.
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 |