Elizabethtown Community Hospital
Elizabethtown, Essex County, NY
· CCN 331302
Licensed to Elizabethtown Community Hospital
Composite
28.9
rank score
Distress
21
FY2023
Fit
48
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- 60-90 days cash on hand
- occupancy 45-60%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $59.3M |
| Operating margin | 2.4% |
| Total margin | 11.1% |
| Days cash on hand | 87 |
| Current ratio | 2.61 |
| Occupancy | 56% |
Facility
| Beds | 25 |
| Facility type | CAH |
| 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 | 25 | $37.2M | $8.4M | -16.8% | 18.4% | 247 | 1.86 | 41% | 243 | 33 |
| 2021 | 25 | $41.9M | $6.0M | -13.3% | 11.9% | 277 | 2.93 | 50% | 267 | 30 |
| 2022 | 25 | $47.4M | $713K | -7.8% | 1.3% | 202 | 3.81 | 53% | 396 | 28 |
| 2023 | 25 | $59.3M | $7.2M | 2.4% | 11.1% | 87 | 2.61 | 56% | 652 | 21 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| The University Of Vermont Health Network Inc. | 5% or greater direct ownership interest | 100 | 2014-11 | |
| The University Of Vermont Health Network Inc. | operational/managerial control | 100 | 2014-11 | |
| Alan Jones | corporate director | 2022-04 | ||
| Charles Lender | corporate director | 2023-01 | ||
| David Shelmidine | corporate director | 2018-01 | ||
| Elizabeth Elkins | w-2 managing employee | 2023-01 | ||
| Evan George | corporate director | 2020-01 | ||
| Joseph Bogardus | corporate director | 2021-01 | ||
| Lynne Reale | corporate director | 2023-01 | ||
| Megan Murphy | corporate director | 2017-01 | ||
| Robert Ortmyer | corporate officer | 2021-07 | ||
| Robert Ortmyer | w-2 managing employee | 2021-07 | ||
| Robert Ortmyer | operational/managerial control | 2021-07 | ||
| Scott Comeau | corporate officer | 2022-07 | ||
| Scott Comeau | w-2 managing employee | 2022-07 | ||
| Scott Comeau | operational/managerial control | 2022-07 | ||
| Steven Cacchio | corporate director | 2018-01 | ||
| Susan Allott | corporate director | 2018-01 | ||
| Terri Morse | corporate director | 2021-01 | ||
| William Tansey | corporate director | 2023-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.