Jamaica Hospital Medical Center
Jamaica, Queens County, NY
· CCN 330014
Licensed to Jamaica Hospital
Composite
61.6
rank score
Distress
84
FY2023
Fit
60
vs thesis
Estimated ticket
$19.7M–$39.3M
281 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current liabilities exceed current assets
- liabilities exceed assets
- margin deteriorating sharply
- rural — cheaper but limited density
- large — ticket likely stretches the envelope
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $642M |
| Operating margin | -25.6% |
| Total margin | -5.3% |
| Days cash on hand | 23 |
| Current ratio | 0.96 |
| Occupancy | 78% |
Facility
| Beds | 281 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 317 | $429M | $28.6M | -46.6% | 4.3% | 50 | 1.21 | 77% | 13,492 | 59 |
| 2021 | 258 | $487M | $46.8M | -41.8% | 6.3% | 22 | 1.35 | 87% | 13,640 | 64 |
| 2022 | 280 | $610M | $-6.6M | -18.6% | -0.9% | 21 | 1.11 | 77% | 13,659 | 72 |
| 2023 | 281 | $642M | $-40.8M | -25.6% | -5.3% | 23 | 0.96 | 78% | 13,895 | 84 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Anthony Dimaria | corporate director | 2010-11 | ||
| Anthony Mazzo | corporate director | 2014-04 | ||
| Antonietta Morisco | corporate director | 2010-11 | ||
| Bruce Flanz | corporate officer | 2011-03 | ||
| Bruce Flanz | w-2 managing employee | 2011-03 | ||
| Douglas Singer | corporate director | 2010-11 | ||
| Geoffrey Doughlin | corporate director | 2010-11 | ||
| Mounir Doss | corporate officer | 1986-07 | ||
| Neil Phillips | corporate director | 2010-11 | ||
| Philippa Karteron | corporate director | 2014-04 | ||
| Robert Koop | corporate director | 2010-11 | ||
| Timothy Dufficy | corporate director | 2010-11 |
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 |