Oconnor Hospital
Delhi, Delaware County, NY
· CCN 331305
Licensed to O'connor Hospital
Composite
28.3
rank score
Distress
26
FY2023
Fit
42
vs thesis
Estimated ticket
$1.4M–$2.7M
16 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- occupancy 45-60%
- margin deteriorating sharply
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $21.2M |
| Operating margin | -1.9% |
| Total margin | 6.7% |
| Days cash on hand | 339 |
| Current ratio | 11.82 |
| Occupancy | 50% |
Facility
| Beds | 16 |
| 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 | 16 | $17.1M | $2.9M | -27.6% | 11.8% | 411 | 7.03 | 34% | 61 | 33 |
| 2021 | 16 | $20.0M | $4.6M | -3.8% | 18.1% | 556 | 4.55 | 49% | 105 | 18 |
| 2022 | 16 | $19.9M | $497K | -12.0% | 2.2% | 463 | 17.17 | 43% | 117 | 33 |
| 2023 | 16 | $21.2M | $1.6M | -1.9% | 6.7% | 339 | 11.82 | 50% | 157 | 26 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bassett Healthcare Network | 5% or greater direct ownership interest | 100 | 2019-06 | |
| Mary Imogene Bassett Hospital | operational/managerial control | 100 | 2019-06 | |
| Ashley Holmes | w-2 managing employee | 2024-10 | ||
| Bruce Mckeegan | corporate officer | 2011-11 | ||
| Charlotte Hill | corporate officer | 2011-11 | ||
| Donald Harris | corporate officer | 2022-01 | ||
| Frank Silagy | corporate officer | 2022-01 | ||
| James Peters | corporate officer | 2011-11 | ||
| James Vielkind | corporate officer | 2024-10 | ||
| John Lynch | corporate officer | 2022-01 | ||
| Joyce Barber | corporate officer | 2022-01 | ||
| Martha Harris | w-2 managing employee | 2015-05 | ||
| Michele Defreece | corporate officer | 2022-01 | ||
| Pam Vogt | corporate officer | 2022-01 | ||
| Peter Hamilton | corporate officer | 2011-11 | ||
| Polly Dellacrosse | corporate officer | 2022-01 | ||
| Sue Andrews | corporate officer | 2020-07 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.