Ellis Hospital
Schenectady, Schenectady County, NY
· CCN 330153
Licensed to Ellis Hospital
Composite
54.4
rank score
Distress
60
FY2023
Fit
68
vs thesis
Estimated ticket
$115M–$459M
270 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin negative
- under 30 days cash on hand
- current liabilities exceed current assets
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size at the top of the envelope — would need leverage
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $401M |
| Operating margin | -10.1% |
| Total margin | -2.7% |
| Days cash on hand | 5 |
| Current ratio | 0.93 |
| Occupancy | 65% |
Facility
| Beds | 270 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 316 | $355M | $-25.9M | -18.8% | -6.6% | 50 | 1.52 | 68% | 13,723 | 57 |
| 2021 | 274 | $376M | $-146K | -12.2% | -0.0% | 50 | 1.65 | 73% | 13,294 | 52 |
| 2022 | 270 | $362M | $-77.3M | -21.6% | -20.9% | 3 | 0.97 | 69% | 12,032 | 76 |
| 2023 | 270 | $401M | $-11.5M | -10.1% | -2.7% | 5 | 0.93 | 65% | 11,359 | 60 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Angelo Paglialonga | corporate director | 2017-01 | ||
| Angelo Paglialonga | w-2 managing employee | 2017-01 | ||
| Cynthia Wicks | w-2 managing employee | 2017-03 | ||
| Gary Wood | corporate director | 2015-06 | ||
| Janet Sapio-Mayta | corporate director | 2013-06 | ||
| John Tobison | corporate director | 2013-06 | ||
| Marc Mesick | corporate director | 2014-10 | ||
| Marc Mesick | w-2 managing employee | 2014-10 | ||
| Mark Little | corporate director | 2016-06 | ||
| Patricia Buhr | corporate director | 2015-06 | ||
| Paul Milton | corporate director | 2015-02 | ||
| Paul Milton | w-2 managing employee | 2015-02 | ||
| Stephanie Roberts | corporate director | 2016-06 | ||
| Stephen Pagano | corporate director | 2016-06 |
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 |