Guthrie Cortland Medical Center
Cortland, Cortland County, NY
· CCN 330175
Licensed to Guthrie Cortland Medical Center
Composite
34.5
rank score
Distress
29
FY2024
Fit
54
vs thesis
Estimated ticket
$8.4M–$16.8M
84 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- current ratio under 1.5
- debt above 70% of assets
- occupancy 45-60%
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $141M |
| Operating margin | 11.0% |
| Total margin | 12.7% |
| Days cash on hand | 20 |
| Current ratio | 1.13 |
| Occupancy | 53% |
Facility
| Beds | 84 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 103 | $80.0M | $994K | -19.9% | 1.0% | 94 | 1.73 | 29% | 2,593 | 44 |
| 2022 | 84 | $97.8M | $-653K | -11.0% | -0.6% | 50 | 1.69 | 48% | 2,817 | 54 |
| 2023 | 84 | $112M | $-8.5M | -8.3% | -7.4% | 14 | 1.14 | 51% | 3,038 | 67 |
| 2024 | 84 | $141M | $18.2M | 11.0% | 12.7% | 20 | 1.13 | 53% | 3,570 | 29 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| The Guthrie Clinic | operational/managerial control | 100 | 2020-01 | |
| The Guthrie Clinic | other | 100 | 2019-01 | |
| Jennifer Yartym | corporate officer | 2019-09 | ||
| Jennifer Yartym | corporate director | 2019-09 | ||
| Jennifer Yartym | w-2 managing employee | 2019-09 | ||
| Lucia Saggiomo | corporate director | 2017-06 | ||
| Paul Vervalin | corporate director | 2019-01 | ||
| Wendy Sowle | corporate director | 2017-02 |
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 |