Bertrand Chaffee Hospital
Springville, Erie County, NY
· CCN 330111
Licensed to Bertrand Chaffee Hospital
Composite
53.6
rank score
Distress
77
FY2023
Fit
48
vs thesis
Estimated ticket
$8.1M–$32.2M
23 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 under 1.5
- occupancy below 30%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- very small facility
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $28.6M |
| Operating margin | -25.2% |
| Total margin | -3.2% |
| Days cash on hand | 22 |
| Current ratio | 1.24 |
| Occupancy | 25% |
Facility
| Beds | 23 |
| 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 | 23 | $23.7M | $8.1M | -15.6% | 22.8% | 162 | 2.59 | 32% | 841 | 33 |
| 2021 | 23 | $27.2M | $1.3M | -11.7% | 4.0% | 72 | 2.40 | 36% | 836 | 43 |
| 2022 | 23 | $27.2M | $-5.2M | -26.5% | -17.9% | 17 | 1.61 | 32% | 720 | 72 |
| 2023 | 23 | $28.6M | $-1.1M | -25.2% | -3.2% | 22 | 1.24 | 25% | 696 | 77 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Nils Gunnersen | corporate officer | 100 | 2008-12 | |
| Nils Gunnersen | corporate director | 100 | 2008-12 | |
| Nils Gunnersen | w-2 managing employee | 100 | 2008-12 | |
| Ashley Lowry | corporate director | 2022-07 | ||
| Carole Francis | corporate director | 2022-11 | ||
| Claudia Miller | corporate director | 1999-01 | ||
| Gary Eppolito | corporate director | 2004-02 | ||
| Johanna Healy | corporate director | 2004-01 | ||
| Karen Stanford | corporate director | 2006-03 | ||
| Michael Boza | corporate director | 1998-01 | ||
| Peter Swales | corporate director | 2006-03 | ||
| Robbin Hansen | corporate director | 1991-01 | ||
| Robert Roggie | corporate director | 2012-08 | ||
| Stanley Handzlik | corporate director | 1999-01 | ||
| Teresa Mariani Donohue | corporate director | 2022-11 |
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 |