Mary Imogene Bassett Hospital
dba Basset Medical Center ·
Cooperstown, Otsego County, NY
· CCN 330136
Licensed to Mary Imogene Bassett Hospital
Composite
53.5
rank score
Distress
65
FY2023
Fit
60
vs thesis
Estimated ticket
$13.6M–$27.2M
160 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
- margin deteriorating
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $606M |
| Operating margin | -19.2% |
| Total margin | -4.9% |
| Days cash on hand | 7 |
| Current ratio | 1.03 |
| Occupancy | 69% |
Facility
| Beds | 160 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 160 | $472M | $-1.4M | -27.0% | -0.2% | 14 | 2.07 | 64% | 7,818 | 58 |
| 2021 | 160 | $539M | $25.2M | -17.5% | 3.9% | 15 | 1.80 | 75% | 8,100 | 50 |
| 2022 | 160 | $529M | $-80.1M | -31.1% | -12.7% | 3 | 1.53 | 73% | 7,317 | 67 |
| 2023 | 160 | $606M | $-33.5M | -19.2% | -4.9% | 7 | 1.03 | 69% | 7,733 | 65 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bassett Healthcare Network | 5% or greater direct ownership interest | 100 | 2019-06 | |
| Ashley Holmes | w-2 managing employee | 2024-10 | ||
| Bruce Vladeck | corporate officer | 2022-12 | ||
| Donald Bordley | corporate officer | 2021-07 | ||
| Donald Quest | corporate officer | 2011-01 | ||
| Douglas Willies | corporate officer | 2011-01 | ||
| J Michael Moffat | corporate officer | 2021-07 | ||
| James Patrick | corporate officer | 2021-07 | ||
| James Vielkind | corporate officer | 2024-10 | ||
| Jane Clark ( Forbes) | corporate officer | 2011-01 | ||
| John Bullis | corporate officer | 2021-07 | ||
| Katherine Nickerson | corporate officer | 2011-01 | ||
| Kevin Moore | corporate officer | 2022-12 | ||
| Martha Harris | w-2 managing employee | 2021-07 | ||
| Maureen Killackey | corporate officer | 2021-07 | ||
| Peter Hamilton | corporate officer | 2011-01 | ||
| Robert Hanft | corporate officer | 2021-07 | ||
| Terry Fulmer | corporate officer | 2011-01 | ||
| Tommy Ibrahim | corporate officer | 2022-12 | ||
| Walter Franck | corporate officer | 2021-07 |
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 |