Kenmore Mercy Hospital
Kenmore, Erie County, NY
· CCN 330102
Licensed to Kenmore Mercy Hospital
Composite
52.4
rank score
Distress
51
FY2023
Fit
74
vs thesis
Estimated ticket
$67.6M–$270M
159 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- 30-60 days cash on hand
- debt above 85% of assets
- occupancy 45-60%
- 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 | $188M |
| Operating margin | -7.3% |
| Total margin | -2.5% |
| Days cash on hand | 32 |
| Current ratio | 1.55 |
| Occupancy | 49% |
Facility
| Beds | 159 |
| 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 | 159 | $157M | $-4.5M | -12.4% | -2.6% | 106 | 1.46 | 39% | 5,528 | 53 |
| 2021 | 159 | $173M | $-3.4M | -8.2% | -1.9% | 100 | 1.86 | 47% | 5,315 | 41 |
| 2022 | 159 | $170M | $-24.2M | -16.4% | -14.0% | 28 | 1.51 | 50% | 6,284 | 73 |
| 2023 | 159 | $188M | $-4.8M | -7.3% | -2.5% | 32 | 1.55 | 49% | 6,311 | 51 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Catholic Health System | operational/managerial control | 100 | 2014-08 | |
| Alexis Agnello | corporate director | 2020-01 | ||
| Carol Heckman | corporate director | 2020-01 | ||
| David Macholz | corporate officer | 2020-01 | ||
| Ellen Grant | corporate director | 2020-01 | ||
| Georgiana Ford | corporate director | 2020-01 | ||
| Katherine Vanderhorst | corporate director | 2020-01 | ||
| Kevin Keenan | corporate director | 2020-01 | ||
| Leonardo Sette-Camara | corporate director | 2020-01 | ||
| Mark Sullivan | corporate director | 2008-05 | ||
| Michael Gough | corporate director | 2020-01 | ||
| Robert Zapfel | corporate director | 2008-05 | ||
| Russell Edwards | corporate officer | 2020-01 | ||
| Russell Edwards | w-2 managing employee | 2020-01 | ||
| Thomas Gleason | corporate director | 2020-01 |
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 |