Amsterdam Memorial Hospital is a 19th-century-founded medical facility in upstate New York that merged in 2009 with a nearby hospital, using part of a $20 million state grant to pay off accumulated debt.
History The 1889-founded Amsterdam merged with the 1903-founded St Mary's Hospital, a nearby hospital, in 2009.The merge process began 2008.
The Amsterdam Memorial facility is primarily for pediatrics and primary care. They had a prior arrangement, initiated in 1993, whereby obstetrical services for its patients were performed at St. Mary's.
Financials Sources:
2016 Source:
Revenues, expenses, assets, and liabilities Expenses
$12,995,151
Net Income
-$9,819,851 Assets/DebtTotal Assets$19,332,488 Total Liabilities$19,332,488 Net Assets$0
Employee compensation Key Employees and OfficersCompensationRelatedOtherBarry Arbuckle (Director, President/Ceo)$0$2,207,685$2,628,816Richard Graniere (Director, Cio/Treasurer)$0$850,620$1,212,754Karen Testman (Director, Cfo)$0$661,224$682,894
2015 Sources:
Revenues, expenses, assets, and liabilities Revenue
$717,880
Expenses
$251,831
Net Income
$466,049
Net Assets
$0 Assets/DebtTotal Assets$17,205,003 Total Liabilities$17,205,003 Net Assets$0
Employee compensation Key Employees and OfficersCompensationRelatedOtherBarry Arbuckle (Director, President/Ceo)$0$2,074,152$1,022,573Richard Graniere (Director, Cio/Treasurer)$0$881,083$322,021Karen Testman (Director, Cfo)$0$632,276$258,972
References