Charles Cole Memorial Hospital
dba Upmc Cole ·
Coudersport, Potter County, PA
· CCN 391313
Licensed to Charles Cole Memorial Hospital
Composite
54.9
rank score
Distress
78
FY2024
Fit
50
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 ratio under 1.5
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $87.7M |
| Operating margin | -16.8% |
| Total margin | -12.6% |
| Days cash on hand | 4 |
| Current ratio | 1.24 |
| Occupancy | 38% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $91.8M | $-334K | -4.7% | -0.3% | 4 | 1.25 | 52% | 1,191 | 51 |
| 2022 | 25 | $98.5M | $7.2M | 2.5% | 7.0% | 5 | 2.48 | 62% | 1,249 | 22 |
| 2023 | 25 | $88.1M | $-4.6M | -9.0% | -5.0% | 2 | 3.63 | 40% | 958 | 62 |
| 2024 | 25 | $87.7M | $-11.5M | -16.8% | -12.6% | 4 | 1.24 | 38% | 883 | 78 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Upmc | 5% or greater direct ownership interest | 100 | 2018-03 | |
| Carrie Ennis | corporate director | 2018-03 | ||
| Christina Stager | corporate director | 2024-11 | ||
| Connie Perkins | corporate director | 2022-11 | ||
| Erin Taylor | corporate director | 2025-11 | ||
| Josh Costa | corporate officer | 2025-11 | ||
| Josh Costa | corporate director | 2025-11 | ||
| Mary Rigas | corporate officer | 2025-11 | ||
| Mary Rigas | corporate director | 2025-11 | ||
| Matthew Splain | corporate officer | 2025-11 | ||
| Matthew Splain | corporate director | 2025-11 | ||
| Michelle Jack | corporate director | 2025-11 | ||
| Patricia Jackson Gehris | corporate director | 2022-06 | ||
| Patrick Larsen | corporate officer | 2025-11 | ||
| Patrick Larsen | corporate director | 2025-11 | ||
| Roger Yost | corporate officer | 2024-01 | ||
| Roger Yost | w-2 managing employee | 2024-01 | ||
| Ron Reynolds | corporate officer | 2025-10 | ||
| Ron Reynolds | corporate director | 2025-10 | ||
| Ron Reynolds | w-2 managing employee | 2025-10 | ||
| Terrance Foust | corporate director | 2022-11 | ||
| Vijayant Singh | corporate director | 2025-04 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.