Garnet Health Medical Center - Catsk
Callicoon, Sullivan County, NY
· CCN 331303
Licensed to Garnet Health Medical Center Catskills
Composite
20.6
rank score
Distress
17
FY2023
Fit
32
vs thesis
Estimated ticket
$1.3M–$2.5M
15 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- current ratio under 1.5
- occupancy below 30%
- margin deteriorating
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $9.7M |
| Operating margin | 49.0% |
| Total margin | 51.1% |
| Days cash on hand | 155 |
| Current ratio | 1.20 |
| Occupancy | 19% |
Facility
| Beds | 15 |
| 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 | 15 | $11.1M | $6.6M | 52.1% | 55.2% | 2,722 | 1.33 | 31% | 23 | 9 |
| 2021 | 15 | $8.2M | $3.6M | 36.8% | 41.0% | 2,027 | 1.25 | 19% | 6 | 12 |
| 2022 | 15 | $11.2M | $6.8M | 55.3% | 57.7% | 403 | 1.45 | 18% | 32 | 12 |
| 2023 | 15 | $9.7M | $5.2M | 49.0% | 51.1% | 155 | 1.20 | 19% | 35 | 17 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Alfred Pilong | corporate officer | 2022-01 | ||
| Andrew Pavloff | corporate director | 2015-05 | ||
| Dory Alport | corporate director | 2020-01 | ||
| Imran Ahmed | corporate director | 2020-01 | ||
| James Grigg | corporate officer | 2019-01 | ||
| Jill Embler | w-2 managing employee | 2020-01 | ||
| Richard Lander | corporate director | 2009-05 | ||
| Robert Davison | w-2 managing employee | 2019-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.