Cayuga Medical Center At Ithaca
Ithaca, Tompkins County, NY
· CCN 330307
Licensed to Cayuga Medical Center At Ithaca
Composite
52.8
rank score
Distress
67
FY2023
Fit
56
vs thesis
Estimated ticket
$7.6M–$15.1M
89 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 liabilities exceed current assets
- margin slipping
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $303M |
| Operating margin | -20.8% |
| Total margin | -4.8% |
| Days cash on hand | 6 |
| Current ratio | 0.83 |
| Occupancy | 84% |
Facility
| Beds | 89 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 178 | $231M | $-10.0M | -20.5% | -3.7% | 49 | 1.81 | 44% | 5,519 | 62 |
| 2021 | 112 | $274M | $26.9M | -20.2% | 8.3% | 36 | 1.33 | 79% | 6,050 | 48 |
| 2022 | 107 | $302M | $-15.9M | -13.1% | -4.7% | 7 | 1.06 | 76% | 5,480 | 66 |
| 2023 | 89 | $303M | $-16.3M | -20.8% | -4.8% | 6 | 0.83 | 84% | 5,294 | 67 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| James Brown | corporate director | 7 | 2004-04 | |
| Cris Donovan | corporate director | 2023-01 | ||
| Eunice Nayo | corporate director | 2018-04 | ||
| Fred Wickham | corporate director | 2018-04 | ||
| Gary Koretzky | corporate director | 2023-01 | ||
| Greg Hartz | corporate officer | 2023-01 | ||
| Jennifer Whittaker | corporate director | 2023-01 | ||
| Joel Malina | corporate director | 2018-04 | ||
| John-Paul Mead | corporate director | 2023-01 | ||
| Kenneth Clarke | corporate director | 2018-04 | ||
| La Jerne Terry Cornish, Ph.d. | corporate director | 2023-01 | ||
| Laurie Mante | corporate director | 2023-01 | ||
| Martin Stallone | corporate officer | 2019-12 | ||
| Martin Stallone | operational/managerial control | 2023-01 | ||
| Paul Streeter | corporate director | 2023-01 | ||
| Paula Younger | corporate officer | 2023-01 | ||
| R.brooke Hollis | corporate director | 2023-01 | ||
| Suzanne Blowers | corporate officer | 2023-01 | ||
| Thomas Livigne | corporate officer | 2023-01 | ||
| Yvette Conyers | corporate director | 2023-01 |
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 |