Ira Davenport Memorial Hospital Inc
Bath, Steuben County, NY · CCN 330144
Composite
33.9
rank score
Distress
42
FY2023
Fit
38
vs thesis
Estimated ticket
$1.5M–$3.0M
15 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- current ratio under 1.5
- occupancy below 30%
- margin deteriorating
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $21.4M |
| Operating margin | -42.4% |
| Total margin | 16.7% |
| Days cash on hand | 242 |
| Current ratio | 1.23 |
| Occupancy | 15% |
Facility
| Beds | 15 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 15 | $19.7M | $6.3M | -24.9% | 20.5% | 724 | 1.36 | 7% | 124 | 40 |
| 2021 | — | $20.8M | $8.5M | -26.5% | 24.4% | 351 | 1.47 | 9% | 166 | 40 |
| 2022 | 15 | $19.0M | $-41.6M | -58.7% | 364.3% | 140 | 0.94 | 8% | 136 | 50 |
| 2023 | 15 | $21.4M | $6.0M | -42.4% | 16.7% | 242 | 1.23 | 15% | 216 | 42 |
Owners
No ownership records — CMS has no owner filings mapped to this CCN.
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 |