Little Falls Hospital
Little Falls, Herkimer County, NY
· CCN 331311
Licensed to Little Falls Hospital
Composite
29.8
rank score
Distress
15
FY2023
Fit
58
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- 30-60 days cash on hand
- urban — higher occupancy and iteration surface
- small but workable bed count
- 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 | $47.0M |
| Operating margin | 2.1% |
| Total margin | 5.1% |
| Days cash on hand | 35 |
| Current ratio | 4.70 |
| Occupancy | 64% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | urban |
| 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 | $33.0M | $849K | -16.4% | 2.2% | 133 | 2.06 | 49% | 512 | 34 |
| 2021 | 25 | $37.7M | $3.3M | 5.3% | 8.4% | 230 | 1.39 | 57% | 524 | 6 |
| 2022 | 25 | $42.6M | $7.0M | 7.8% | 15.2% | 115 | 9.72 | 55% | 505 | 7 |
| 2023 | 25 | $47.0M | $2.4M | 2.1% | 5.1% | 35 | 4.70 | 64% | 671 | 15 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bassett Healthcare Network | 5% or greater direct ownership interest | 100 | 2019-06 | |
| Amy Grace | corporate director | 2013-01 | ||
| Anthony Deluca | corporate officer | 2001-06 | ||
| Anthony Deluca | corporate director | 2004-07 | ||
| Ashley Holmes | w-2 managing employee | 2024-10 | ||
| Christine Reynolds | corporate director | 2018-06 | ||
| David Casullo | corporate officer | 2023-01 | ||
| David Casullo | corporate director | 2019-07 | ||
| Gerard Snyder | corporate officer | 2010-06 | ||
| Gerard Snyder | corporate director | 2004-07 | ||
| James Vielkind | contracted managing employee | 2019-02 | ||
| James Vielkind | corporate officer | 2000-08 | ||
| Justin Hummel | corporate officer | 2017-01 | ||
| Justin Hummel | corporate director | 2011-06 | ||
| Laura Powers | corporate director | 2020-07 | ||
| Mary Imogene Bassett Hospital | operational/managerial control | 2004-10 | ||
| Phyllis Spinner | corporate director | 2016-04 | ||
| Susan Oakes Ferucci | contracted managing employee | 2023-01 | ||
| Timothy Daly | corporate officer | 2023-01 | ||
| Timothy Daly | corporate director | 2010-06 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.