Margaretville Hospital
dba Healthalliance ·
Margaretville, Delaware County, NY
· CCN 331304
Licensed to Margaretville Memorial Hospital
Composite
58.0
rank score
Distress
100
FY2023
Fit
32
vs thesis
Estimated ticket
$892K–$1.8M
15 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy below 30%
- margin deteriorating sharply
- 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 | $16.3M |
| Operating margin | -66.5% |
| Total margin | -40.3% |
| Days cash on hand | 22 |
| Current ratio | 0.47 |
| Occupancy | 28% |
Facility
| Beds | 15 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $59.5K |
| Per-bed (high) | $119K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 15 | $16.9M | $3.4M | -32.5% | 13.2% | 84 | 0.54 | 17% | 96 | 71 |
| 2021 | 15 | $17.1M | $-4.4M | -48.3% | -21.1% | 40 | 0.36 | 23% | 87 | 94 |
| 2022 | 15 | $15.2M | $-8.0M | -80.9% | -41.8% | 29 | 0.90 | 28% | 100 | 92 |
| 2023 | 15 | $16.3M | $-7.8M | -66.5% | -40.3% | 22 | 0.47 | 28% | 93 | 100 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Health Alliance | operational/managerial control | 100 | 2009-03 | |
| Arnie Schwartz | corporate director | 2023-01 | ||
| Catherine Allen | corporate director | 2023-01 | ||
| Colleen Martin | corporate director | 2023-01 | ||
| Craig Sickler | corporate director | 2009-03 | ||
| Dave Rama | corporate director | 2023-04 | ||
| Diana Mason | corporate director | 2023-01 | ||
| Diane Munro | corporate director | 2023-01 | ||
| Elissa Chessari | corporate officer | 2024-11 | ||
| Elissa Chessari | corporate director | 2024-11 | ||
| Elissa Chessari | w-2 managing employee | 2024-11 | ||
| Emilie Adams | corporate director | 2023-01 | ||
| Fredric Margulies | corporate officer | 2012-03 | ||
| John Riedl | corporate director | 2023-01 | ||
| Mario Difiglia | corporate director | 2023-07 | ||
| Michael Cioffi | corporate director | 2023-01 | ||
| Patrick Baker | corporate director | 2024-03 | ||
| Richard Siegel | corporate director | 2023-01 | ||
| Steve Finch | corporate director | 2023-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.