dealflow
envelope $200M

← Targets

St. Josephs Medical Center

Yonkers, Westchester County, NY · CCN 330006
Licensed to St Joseph's Hospital Yonkers

Composite
60.0
rank score
Distress
68
FY2023
Fit
74
vs thesis
Estimated ticket
$51.9M–$207M
122 beds · within envelope
Ownership
nonprofit
STH

Why it ranks here

  • operating margin below -10%
  • total margin under 2%
  • under 30 days cash on hand
  • current liabilities exceed current assets
  • liabilities exceed assets
  • occupancy 45-60%
  • urban — higher occupancy and iteration surface
  • bed count in the target band
  • ticket size uses the capital envelope well
  • moderate occupancy
  • nonprofit — expect AG conversion review

Latest financials · FY2023

Net patient revenue$229M
Operating margin -25.2%
Total margin 1.4%
Days cash on hand 19
Current ratio 0.98
Occupancy50%

Facility

Beds122
Facility typeSTH
Settingurban
Ownership classnonprofit
Per-bed (low) $425K
Per-bed (high) $1.7M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 122 $179M $1.9M -41.2% 0.8% 2 0.81 53% 3,556 76
2021 106 $187M $686K -35.3% 0.3% 10 0.81 46% 2,974 76
2022 106 $213M $1.5M -24.1% 0.6% 14 0.96 51% 2,794 76
2023 122 $229M $4.1M -25.2% 1.4% 19 0.98 50% 2,901 68

Owners

OwnerRole%SinceType
Alan Weissman corporate director 2022-06
Amani Marjieh corporate director 2021-07
Barry Davis corporate director 2021-07
Bernadette Kingham-Bez w-2 managing employee 2010-11
Carl Petrillo corporate director 2010-11
Donna Dodge corporate director 2022-06
James Landy corporate officer 1985-06
James Landy corporate director 2010-11
James Neuendorf corporate director 2022-06
James Veneruso corporate director 2021-07
John Calvelli corporate director 2021-07
John Spano corporate director 2022-06
Julia Brosnan corporate director 2021-07
Kevin O'callaghan corporate director 2011-03
Kim Pagan w-2 managing employee 2010-11
Margaret Egan corporate director 2022-06
Meg Sweeney corporate director 2021-07
Michael Minerva corporate director 2010-11
Michael Spicer corporate officer 2000-06
Michael Spicer corporate director 2010-11
Moira Kiernan corporate director 2021-07
Neil Pressman corporate director 2021-07
Sandeep Gulati corporate director 2022-06
William Regan corporate director 2010-11
William Schneider corporate director 2021-07

Ownership changes

No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.

Who has been buying in NY

Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.

DateBuyerSellerHospitalBeds
2025-03-01 Nyu Langone Hospitals Brookhaven Memorial Hospital... Long Island Community Hospital 157
2022-10-01 The New York And Presbyterian Hospital Newyork-Presbyterian... New York Presbyterian Hospital 2,850
2021-02-27 New York City Health And Hospitals... New York City Health And Hospitals... Jacobi Medical Center 440
2021-01-01 The Brookdale Hospital Medical Center Kingsbrook Jewish Medical Center Brookdale Hospital Medical Center 450
2020-10-01 Samaritan Hospital Of Troy, New York Burdett Care Center, Inc. Samaritan Hospital 252
2020-09-23 Healthalliance Hospital Marys Avenue Campus Healthalliance Hospital Broadway Campus Healthalliance Hospital Marys Ave Ca 111
2020-01-01 Samaritan Hospital Of Troy, New York Memorial Hospital, Albany N.y. Samaritan Hospital 252
2019-07-01 University Hospital At Stony Brook Eastern Long Island Hospital Assoc Inc Stony Brook University Hospital 725
2019-01-01 Samaritan Hospital Of Troy, New York Seton Health System, Inc Samaritan Hospital 252
2016-01-14 Long Island Jewish Medical Center Forest Hills Hospital Long Island Jewish Medical Center 1,153