Newyork-Presbyterian/queens
Flushing, Queens County, NY
· CCN 330055
Licensed to Newyork-Presbyterian-Queens
Composite
52.2
rank score
Distress
64
FY2023
Fit
58
vs thesis
Estimated ticket
$40.5M–$80.9M
476 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- under 30 days cash on hand
- current ratio below 0.8
- debt above 85% of assets
- rural — cheaper but limited density
- very large — likely out of range
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $1.0B |
| Operating margin | -67.7% |
| Total margin | 2.4% |
| Days cash on hand | 20 |
| Current ratio | 0.77 |
| Occupancy | 89% |
Facility
| Beds | 476 |
| 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 | 476 | $799M | $-23.0M | -40.6% | -2.1% | 86 | 1.20 | 88% | 25,529 | 57 |
| 2021 | 476 | $879M | $69.3M | -40.6% | 5.7% | 50 | 0.88 | 94% | 26,758 | 61 |
| 2022 | 476 | $890M | $-58.6M | -58.7% | -4.5% | 38 | 0.68 | 87% | 25,547 | 78 |
| 2023 | 476 | $1.0B | $39.4M | -67.7% | 2.4% | 20 | 0.77 | 89% | 26,477 | 64 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Arthur Dawson | corporate director | 1998-07 | ||
| Joseph Ficalora | corporate director | 2010-04 | ||
| Kanak Golia | corporate director | 2017-01 | ||
| Lauren Mcmanemin | w-2 managing employee | 2018-04 | ||
| Michael Breslin | corporate director | 2022-07 | ||
| Michael Breslin | w-2 managing employee | 2022-07 | ||
| Michael Mattone | corporate director | 2019-02 | ||
| Michael Meyer | corporate director | 2017-01 | ||
| Nyp Community Programs Inc | other | 2015-07 | ||
| Pavlos Mavrides | corporate director | 2017-01 | ||
| Purvi Shah | corporate director | 2025-12 | ||
| The New York And Presbyterian Hospital | other | 2015-07 | ||
| Veronica Tsang | corporate director | 2021-05 | ||
| Wen-Hui Chiang | corporate director | 2004-12 | ||
| William Farrell | corporate officer | 2018-01 |
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 |