Bronxcare Health System
Bronx, Bronx County, NY
· CCN 330009
Licensed to Bronxcare Health System
Composite
12.2
rank score
Distress
20
FY2023
Fit
54
vs thesis
Estimated ticket
$227M–$908M
454 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- current ratio under 1.5
- margin slipping
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $871M |
| Operating margin | -4.5% |
| Total margin | 2.6% |
| Days cash on hand | 164 |
| Current ratio | 1.20 |
| Occupancy | 87% |
Facility
| Beds | 454 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 454 | $681M | $25.4M | -15.6% | 3.2% | 173 | 1.16 | 74% | 22,186 | 39 |
| 2021 | 454 | $761M | $61.6M | -7.3% | 7.1% | 194 | 1.55 | 82% | 23,081 | 22 |
| 2022 | 454 | $870M | $87.1M | 3.0% | 9.5% | 137 | 1.18 | 83% | 22,813 | 8 |
| 2023 | 454 | $871M | $23.8M | -4.5% | 2.6% | 164 | 1.20 | 87% | 22,026 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Dormitory Authority Of The State Of New York | 5% or greater mortgage interest | 8 | 2009-02 | |
| Td Bank N.a. | 5% or greater mortgage interest | 8 | 2009-02 | |
| Barbara Lowe | corporate director | 2000-10 | ||
| Cristina Toosie | corporate director | 1990-01 | ||
| Fredrick Gilbert | corporate director | 2021-07 | ||
| John Colon | corporate director | 2007-01 | ||
| Luis Francisco | w-2 managing employee | 2016-10 | ||
| Miguel Fuentes | corporate officer | 1987-05 | ||
| Miguel Fuentes | corporate director | 1987-05 | ||
| Milagros Baez O'toole | corporate director | 2013-01 | ||
| Ricardo Fernandez | corporate director | 1992-05 | ||
| Rita Dimartino | corporate director | 1987-09 | ||
| Victor Demarco | corporate officer | 1999-11 | ||
| Victor Demarco | w-2 managing employee | 1999-11 | ||
| William Aguado | 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.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 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 |