Bassett Hospital Of Schoharie County
dba Cobleskill Regional Hospital ·
Cobleskill, Schoharie County, NY
· CCN 331320
Licensed to Bassett Hospital Of Schoharie County
Composite
37.9
rank score
Distress
41
FY2023
Fit
48
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- 30-60 days cash on hand
- occupancy 45-60%
- margin deteriorating sharply
- 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 | $40.2M |
| Operating margin | -1.2% |
| Total margin | 5.9% |
| Days cash on hand | 30 |
| Current ratio | 2.33 |
| Occupancy | 45% |
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 | $30.2M | $6.1M | 0.5% | 16.8% | 300 | 5.54 | 41% | 371 | 12 |
| 2021 | 25 | $35.6M | $8.1M | 18.7% | 21.8% | 506 | 3.39 | 50% | 467 | 2 |
| 2022 | 25 | $40.5M | $9.6M | 18.9% | 22.7% | 154 | 51.12 | 45% | 405 | 6 |
| 2023 | 25 | $40.2M | $2.5M | -1.2% | 5.9% | 30 | 2.33 | 45% | 424 | 41 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bassett Healthcare Network | 5% or greater direct ownership interest | 100 | 2019-06 | |
| Amy Gildemeister | corporate director | 2018-06 | ||
| Antonio Cogliandro | corporate director | 2017-06 | ||
| Ashley Holmes | w-2 managing employee | 2024-10 | ||
| Bassett Healthcare Network | other | 1994-07 | ||
| Carl Mummenthey | corporate officer | 2016-06 | ||
| Carl Mummenthey | corporate director | 2015-06 | ||
| Daniel Ayres | corporate director | 2017-06 | ||
| Deborah Funk Valois | corporate director | 2016-06 | ||
| Garth Roberts | corporate director | 2014-06 | ||
| James Vielkind | corporate director | 2017-05 | ||
| Jennifer Saunders | corporate director | 2018-06 | ||
| Joseph Sellers | corporate director | 1999-07 | ||
| Martha Harris | w-2 managing employee | 2022-01 | ||
| Michael Breen | corporate director | 2015-06 | ||
| Patricia O'connor | corporate officer | 2019-06 | ||
| Patricia O'connor | corporate director | 2016-06 | ||
| Steven Kroll | corporate officer | 2017-06 | ||
| Steven Kroll | corporate director | 2002-06 | ||
| Sue Ellen Wagner | corporate director | 2018-06 | ||
| Susan Oakes Ferucci | corporate director | 2008-09 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.