Upper Allegheny Health System
Olean, Cattaraugus County, NY
· CCN 330103
Licensed to Olean General Hospital
Composite
59.0
rank score
Distress
80
FY2023
Fit
58
vs thesis
Estimated ticket
$14.1M–$28.3M
202 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 45-60%
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $174M |
| Operating margin | -20.7% |
| Total margin | -5.3% |
| Days cash on hand | 10 |
| Current ratio | 0.54 |
| Occupancy | 49% |
Facility
| Beds | 202 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 279 | $155M | $5.8M | -17.3% | 3.3% | 58 | 0.94 | 47% | 7,443 | 56 |
| 2021 | 190 | $166M | $2.8M | -13.7% | 1.5% | 30 | 0.78 | 47% | 6,476 | 63 |
| 2022 | 202 | $153M | $-25.7M | -31.1% | -14.7% | 7 | 0.51 | 51% | 5,345 | 82 |
| 2023 | 202 | $174M | $-10.6M | -20.7% | -5.3% | 10 | 0.54 | 49% | 5,297 | 80 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bradley Chapman | corporate officer | 2025-01 | ||
| Carolyn Newhouse | corporate director | 2025-01 | ||
| Daniel Derose | corporate director | 2019-01 | ||
| David Prince | corporate director | 2009-09 | ||
| Douglas Pisano | corporate director | 2019-01 | ||
| Gilbert Witte | corporate director | 2022-01 | ||
| Julie Marasco | corporate director | 2019-01 | ||
| Katie O'connell | corporate officer | 2022-06 | ||
| Katie O'connell | operational/managerial control | 2022-05 | ||
| Lisa Fiorentino | corporate director | 2019-01 | ||
| Liselle Esposito | corporate director | 2025-01 | ||
| Marc Boutillette | corporate director | 2022-01 | ||
| Muhammed Javed | corporate director | 2009-11 | ||
| Richard Esch | corporate director | 2025-01 | ||
| Shabir Bhayani | corporate director | 2025-01 | ||
| Zafar Mirza | corporate director | 2025-01 |
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 |