Mercy Hospital Of Buffalo
Buffalo, Erie County, NY
· CCN 330279
Licensed to Mercy Hospital Of Buffalo
Composite
62.5
rank score
Distress
78
FY2023
Fit
68
vs thesis
Estimated ticket
$121M–$484M
346 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed 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 | $447M |
| Operating margin | -11.3% |
| Total margin | -3.7% |
| Days cash on hand | 14 |
| Current ratio | 0.50 |
| Occupancy | 68% |
Facility
| Beds | 346 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 364 | $374M | $-26.0M | -17.7% | -6.3% | 38 | 1.29 | 61% | 15,981 | 71 |
| 2021 | 389 | $369M | $-102M | -35.4% | -25.5% | 19 | 0.77 | 61% | 16,113 | 91 |
| 2022 | 389 | $388M | $-80.3M | -26.6% | -19.6% | 6 | 0.43 | 61% | 18,209 | 91 |
| 2023 | 346 | $447M | $-17.7M | -11.3% | -3.7% | 14 | 0.50 | 68% | 19,352 | 78 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Alexis Agnello | corporate director | 2020-01 | ||
| Carol Heckman | corporate director | 2020-01 | ||
| David Macholz | corporate director | 2011-06 | ||
| Ellen Grant | corporate director | 2020-01 | ||
| Georgiana Ford | corporate director | 2020-01 | ||
| Katherine Vanderhorst | corporate director | 2020-01 | ||
| Kevin Keenan | corporate director | 2020-01 | ||
| Leonardo Sette-Camara | corporate director | 2020-01 | ||
| Mark Sullivan | corporate director | 2011-06 | ||
| Michael Gough | corporate director | 2020-01 | ||
| Robert Zapfel | corporate director | 2011-06 | ||
| Russell Edwards | corporate director | 2020-01 | ||
| Russell Edwards | w-2 managing employee | 2020-01 | ||
| Thomas Gleason | corporate director | 2020-01 |
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 |