Rome Memorial Hospital Inc.
Rome, Oneida County, NY
· CCN 330215
Licensed to Rome Memorial Hospital, Inc.
Composite
58.5
rank score
Distress
87
FY2023
Fit
48
vs thesis
Estimated ticket
$5.5M–$11.1M
79 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $92.8M |
| Operating margin | -22.8% |
| Total margin | -11.3% |
| Days cash on hand | 2 |
| Current ratio | 0.62 |
| Occupancy | 38% |
Facility
| Beds | 79 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 79 | $72.5M | $13.7M | -14.9% | 14.1% | 14 | 1.13 | 34% | 2,384 | 59 |
| 2021 | 79 | $86.9M | $6.2M | -6.5% | 6.2% | 31 | 1.38 | 45% | 2,882 | 48 |
| 2022 | 79 | $91.3M | $-14.0M | -20.1% | -14.5% | 3 | 0.82 | 44% | 2,959 | 81 |
| 2023 | 79 | $92.8M | $-11.7M | -22.8% | -11.3% | 2 | 0.62 | 38% | 2,741 | 87 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Nathan Smith | corporate director | 5 | 2025-07 | |
| Ankur Desai | corporate officer | 2020-01 | ||
| Anne Marie Czyz | corporate director | 2021-03 | ||
| Darlene Burns | corporate director | 2016-03 | ||
| John Restivo | corporate officer | 2020-01 | ||
| Julie Grow Denton | corporate director | 2011-01 | ||
| Kristin Grunder | corporate director | 2017-10 | ||
| Lynn Reese | corporate director | 2007-12 | ||
| Nathan Smith | w-2 managing employee | 2025-07 | ||
| Nathan Smith | operational/managerial control | 2025-07 | ||
| Ryan O-Shaughnessy | corporate director | 2017-08 | ||
| Ryan Thompson | corporate director | 2020-03 | ||
| Valerie Finster | corporate director | 2021-11 |
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 |