Gouverneur Hospital
Gouverneur, St. Lawrence County, NY
· CCN 331315
Licensed to Gouverneur Hospital
Composite
33.2
rank score
Distress
28
FY2023
Fit
52
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- 90-150 days cash on hand
- margin deteriorating sharply
- rural — cheaper but limited density
- 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 | $29.6M |
| Operating margin | -0.1% |
| Total margin | 5.9% |
| Days cash on hand | 116 |
| Current ratio | 2.24 |
| Occupancy | 64% |
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 | $21.9M | $4.7M | -17.8% | 15.3% | 114 | 3.64 | 60% | 757 | 34 |
| 2021 | 25 | $23.7M | $-226K | -11.7% | -0.9% | 90 | 1.36 | 71% | 522 | 49 |
| 2022 | 25 | $26.2M | $274K | -10.5% | 0.9% | 57 | 1.12 | 67% | 505 | 51 |
| 2023 | 25 | $29.6M | $1.8M | -0.1% | 5.9% | 116 | 2.24 | 64% | 525 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| St.lawrence Health System, Inc. | operational/managerial control | 100 | 2014-01 | |
| Donna Mcgregor | corporate officer | 50 | 2020-07 | |
| Andrew Leonard | corporate director | 2017-05 | ||
| Andrew Williams | corporate director | 2013-12 | ||
| Ashley Peggs | w-2 managing employee | 2022-09 | ||
| Bart Kidwell | corporate director | 2025-10 | ||
| Courtney Bish | corporate director | 2025-10 | ||
| Donald Schuessler | corporate director | 2025-10 | ||
| Howard Glastonbury | corporate officer | 2021-01 | ||
| Kelly Cicchinelli | corporate officer | 2019-06 | ||
| Kelly Cicchinelli | w-2 managing employee | 2019-01 | ||
| Nichole Holder | corporate officer | 2021-01 | ||
| Richard Davis | corporate director | 2025-10 | ||
| Theodore Totten | corporate director | 2022-05 | ||
| Thomas Crilly | corporate officer | 2021-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.