Medina Memorial Hospital
Medina, Orleans County, NY
· CCN 331319
Licensed to Orleans Community Health
Composite
52.7
rank score
Distress
74
FY2023
Fit
48
vs thesis
Estimated ticket
$1.5M–$3.0M
25 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 liabilities exceed current assets
- debt above 70% of assets
- occupancy 45-60%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $28.7M |
| Operating margin | -16.1% |
| Total margin | -11.2% |
| Days cash on hand | 26 |
| Current ratio | 0.91 |
| Occupancy | 52% |
Facility
| Beds | 25 |
| 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 | 25 | $17.0M | $-2.8M | -45.2% | -12.9% | 112 | 0.88 | 30% | 261 | 74 |
| 2021 | 25 | $20.7M | $2.5M | -31.7% | 8.4% | 114 | 1.30 | 37% | 318 | 41 |
| 2022 | 25 | $24.4M | $-2.0M | -25.4% | -7.1% | 63 | 1.19 | 40% | 262 | 59 |
| 2023 | 25 | $28.7M | $-3.4M | -16.1% | -11.2% | 26 | 0.91 | 52% | 205 | 74 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| April Mcgaffick | corporate director | 2012-04 | ||
| Cynthia Hewitt | corporate director | 2004-04 | ||
| Dale Sponaugle | corporate director | 2014-08 | ||
| David Monti | corporate director | 2004-04 | ||
| Dawn Meland | corporate director | 2005-04 | ||
| Joseph Misiti | corporate director | 2013-04 | ||
| Kevin Foley | corporate director | 2017-04 | ||
| Lance Mark | corporate director | 2020-04 | ||
| Lori Condo | w-2 managing employee | 2014-08 | ||
| Lynn Johnson | corporate director | 2018-04 | ||
| Marc Shurtz | corporate officer | 2020-07 | ||
| Richard Elman | corporate director | 2021-04 | ||
| Shannon Blount | corporate director | 2018-04 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.