Amsterdam Memorial Hospital
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 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/Debt | ||
| Total Assets | $19,332,488 | |
| Total Liabilities | $19,332,488 | |
| Net Assets | $0 | - |
2015
Sources:Revenues, expenses, assets, and liabilities
Revenue$717,880
Expenses
$251,831
Net Income
$466,049
Net Assets
$0
| Assets/Debt | ||
| Total Assets | $17,205,003 | |
| Total Liabilities | $17,205,003 | |
| Net Assets | $0 | - |