Oneida Health
Oneida, Madison County, NY
· CCN 330115
Licensed to Oneida Health Systems Inc
Composite
58.7
rank score
Distress
73
FY2023
Fit
64
vs thesis
Estimated ticket
$35.4M–$141M
101 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- under 30 days cash on hand
- current ratio below 0.8
- occupancy below 30%
- margin deteriorating
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $138M |
| Operating margin | -7.7% |
| Total margin | -0.8% |
| Days cash on hand | 5 |
| Current ratio | 0.73 |
| Occupancy | 25% |
Facility
| Beds | 101 |
| 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 | 101 | $103M | $1.8M | -14.1% | 1.5% | 8 | 0.99 | 26% | 2,434 | 71 |
| 2021 | 101 | $123M | $3.9M | -4.8% | 3.0% | 11 | 1.00 | 30% | 2,667 | 47 |
| 2022 | 101 | $131M | $-14.4M | -11.5% | -10.9% | 8 | 0.78 | 28% | 2,267 | 89 |
| 2023 | 101 | $138M | $-1.2M | -7.7% | -0.8% | 5 | 0.73 | 25% | 2,202 | 73 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Chris Dugan | corporate director | 2020-01 | ||
| Daniel Ratnarajah | corporate director | 2009-01 | ||
| Felissa Koernig | corporate officer | 2023-09 | ||
| Felissa Koernig | corporate director | 2023-09 | ||
| Felissa Koernig | operational/managerial control | 2023-09 | ||
| Janice Bach | corporate director | 2013-01 | ||
| Jeremiah Sweet | corporate officer | 2017-07 | ||
| Jeremiah Sweet | w-2 managing employee | 2017-07 | ||
| Margaret Wells | corporate director | 2020-01 | ||
| Michael Kallet | corporate director | 1987-01 | ||
| Nadine Bell | corporate director | 2012-01 | ||
| Peter Hedglon | corporate director | 1985-01 | ||
| Steven Potter | corporate director | 2005-01 | ||
| Todd Schaal | corporate director | 2023-09 |
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 |