South Shore University Hospital
Bay Shore, Suffolk County, NY
· CCN 330043
Licensed to South Shore University Hospital
Composite
54.0
rank score
Distress
63
FY2023
Fit
60
vs thesis
Estimated ticket
$26.5M–$53.0M
312 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- under 30 days cash on hand
- current liabilities exceed current assets
- liabilities exceed assets
- part of a multi-hospital chain — divestiture candidate
- 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 | $765M |
| Operating margin | -36.0% |
| Total margin | 3.4% |
| Days cash on hand | 8 |
| Current ratio | 0.83 |
| Occupancy | 96% |
Facility
| Beds | 312 |
| 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 | 284 | $549M | $18.3M | -41.2% | 2.3% | 5 | 0.56 | 90% | 17,677 | 74 |
| 2021 | 304 | $673M | $-82.0K | -34.3% | -0.0% | 8 | 0.61 | 97% | 19,897 | 82 |
| 2022 | 312 | $700M | $-5.8M | -38.5% | -0.6% | 7 | 1.04 | 94% | 21,880 | 72 |
| 2023 | 312 | $765M | $36.7M | -36.0% | 3.4% | 8 | 0.83 | 96% | 23,040 | 63 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Northwell Health Inc | 5% or greater indirect ownership interest | 100 | 2015-01 | |
| Northwell Healthcare Inc | 5% or greater direct ownership interest | 100 | 2015-01 | chain |
| Northwell, Inc. | 5% or greater indirect ownership interest | 100 | 2024-07 | |
| Barry Rubenstein | corporate director | 2013-08 | ||
| David Battinelli | corporate officer | 2021-01 | ||
| Donald Zucker | corporate director | 2013-08 | ||
| Donna Drummond | corporate officer | 2015-01 | ||
| Eugene Tangney | corporate officer | 2015-01 | ||
| Harry Gindi | corporate officer | 2015-01 | ||
| Jeffrey Kraut | corporate officer | 2021-01 | ||
| Joseph Moscola | corporate officer | 2021-01 | ||
| Kathleen Gallo | corporate officer | 2020-01 | ||
| Konstantine Costalas | corporate officer | 2021-01 | ||
| Laurence Kraemer | corporate officer | 2020-01 | ||
| Margaret Crotty | corporate officer | 2022-01 | ||
| Mark Claster | corporate director | 2013-08 | ||
| Mark Solazzo | corporate director | 2013-08 | ||
| Mark Solazzo | w-2 managing employee | 2013-08 | ||
| Michael Dowling | corporate director | 2013-08 | ||
| Michael Dowling | w-2 managing employee | 2007-04 | ||
| Michael Epstein | corporate officer | 2020-01 | ||
| Michele Cusack | corporate officer | 2017-09 | ||
| Michele Cusack | w-2 managing employee | 2017-09 | ||
| Ralph Nappi | corporate officer | 2015-01 | ||
| Richard Goldstein | corporate director | 2013-08 |
Showing 25 of 28. Full list via /api/targets/330043.
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 |