Vassar Brothers Medical Center
Poughkeepsie, Dutchess County, NY
· CCN 330023
Licensed to Vassar Brothers Hospital
Composite
57.2
rank score
Distress
69
FY2023
Fit
66
vs thesis
Estimated ticket
$29.3M–$58.6M
345 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- margin deteriorating
- rural — cheaper but limited density
- large — ticket likely stretches the envelope
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $754M |
| Operating margin | -6.1% |
| Total margin | -3.2% |
| Days cash on hand | 1 |
| Current ratio | 0.71 |
| Occupancy | 81% |
Facility
| Beds | 345 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 365 | $625M | $7.6M | -7.7% | 1.1% | 105 | 1.98 | 71% | 18,637 | 30 |
| 2021 | 341 | $694M | $18.5M | -5.0% | 2.5% | 3 | 0.84 | 78% | 18,871 | 47 |
| 2022 | 340 | $735M | $-33.9M | -2.6% | -4.4% | 3 | 1.01 | 79% | 18,795 | 53 |
| 2023 | 345 | $754M | $-24.5M | -6.1% | -3.2% | 1 | 0.71 | 81% | 18,696 | 69 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Health Quest Systems Inc | 5% or greater direct ownership interest | 100 | 1999-09 | |
| Health Quest Systems Inc | operational/managerial control | 100 | 1999-09 | |
| Northwell Health System, Inc. | 5% or greater indirect ownership interest | 100 | 2025-05 | |
| Northwell, Inc. | 5% or greater indirect ownership interest | 100 | 2025-05 | |
| Nuvance Health | 5% or greater indirect ownership interest | 100 | 2019-04 | |
| Anne Roby | corporate director | 2025-05 | ||
| Brian Wyatt | corporate officer | 2026-01 | ||
| Brian Wyatt | corporate director | 2026-01 | ||
| Daniel Debarba | corporate officer | 2022-09 | ||
| Daniel Debarba | w-2 managing employee | 2022-09 | ||
| Donald Jones | corporate director | 2025-05 | ||
| Ervin Shames | corporate director | 2025-05 | ||
| Francoise Dunefsky | corporate director | 2015-04 | ||
| Gregory Rakow | corporate director | 2025-05 | ||
| Howard Gold | corporate director | 2025-05 | ||
| Javid Shahid | corporate director | 2025-05 | ||
| John D'angelo | corporate officer | 2025-10 | ||
| John D'angelo | corporate director | 2025-10 | ||
| Joseph Divestea | corporate director | 2025-05 | ||
| Kathleen Gallo | corporate director | 2025-05 | ||
| Laurence Kraemer | corporate officer | 2026-01 | ||
| Laurence Kraemer | corporate director | 2026-01 | ||
| Margaret Crotty | corporate director | 2025-05 | ||
| Mark Gudis | corporate director | 2025-05 | ||
| Mark Solazzo | corporate director | 2025-05 |
Showing 25 of 39. Full list via /api/targets/330023.
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 |