dealflow
envelope $200M

← Targets

Champlain Valley Physicians Hospital

dba The University Of Vt Health Network - Champlain Valley Physicians Hosp · Plattsburgh, Clinton County, NY · CCN 330250
Licensed to Champlain Valley Physicians Hospital Medical Center

Composite
61.8
rank score
Distress
87
FY2023
Fit
56
vs thesis
Estimated ticket
$20.0M–$40.0M
286 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 liabilities exceed current assets
  • debt above 85% of assets
  • occupancy 45-60%
  • margin deteriorating sharply
  • rural — cheaper but limited density
  • large — ticket likely stretches the envelope
  • small ticket — deploys little of the available capital
  • moderate occupancy
  • nonprofit — expect AG conversion review

Latest financials · FY2023

Net patient revenue$394M
Operating margin -15.8%
Total margin -8.1%
Days cash on hand 10
Current ratio 0.81
Occupancy53%

Facility

Beds286
Facility typeSTH
Settingrural
Ownership classnonprofit
Per-bed (low) $70.0K
Per-bed (high) $140K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 300 $308M $-4.1M -19.5% -1.1% 29 1.19 42% 7,964 74
2021 300 $345M $6.0M -8.2% 1.6% 67 1.30 44% 7,561 49
2022 286 $362M $-32.3M -16.0% -8.1% 18 0.83 54% 7,423 86
2023 286 $394M $-34.4M -15.8% -8.1% 10 0.81 53% 7,602 87

Owners

OwnerRole%SinceType
The University Of Vermont Health Network Inc.
Burlington, VT
 operational/managerial control 100 2016-01
Michelle Lebeau corporate officer 50 2018-04
Michelle Lebeau w-2 managing employee 50 2018-04
Elizabeth Goerlitz-Coryer corporate director 7 2022-01
Graham Niles corporate director 7 2024-01
John Mcauliffe corporate director 7 2019-01
Kelly Donoghue corporate director 7 2022-01
Linda Bourgeois corporate director 7 2019-01
Molly Ryan corporate director 7 2024-01
Monticia Prather corporate director 7 2022-01
Neil Fesette corporate director 7 2017-01
Richard Webber corporate director 7 2022-01
Richelle Gregory corporate director 7 2022-01
Thomas Recny corporate director 7 2016-01
Elizabeth Vicencio corporate director 7 2013-01
Lisa Mark w-2 managing employee 2020-02
Matej Kollar corporate officer 2023-04
Matej Kollar w-2 managing employee 2023-04

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.

DateBuyerSellerHospitalBeds
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