dealflow
envelope $200M

← Targets

The Brooklyn Hospital Center

Brooklyn, Kings County, NY · CCN 330056
Licensed to The Brooklyn Hospital Center

Composite
57.5
rank score
Distress
66
FY2023
Fit
70
vs thesis
Estimated ticket
$100M–$401M
236 beds · within envelope
Ownership
nonprofit
STH

Why it ranks here

  • operating margin below -10%
  • total margin below -8%
  • under 30 days cash on hand
  • current ratio under 1.5
  • margin slipping
  • urban — higher occupancy and iteration surface
  • bed count in the target band
  • ticket size at the top of the envelope — would need leverage
  • strong occupancy — good iteration surface
  • nonprofit — expect AG conversion review

Latest financials · FY2023

Net patient revenue$430M
Operating margin -12.9%
Total margin -12.9%
Days cash on hand 11
Current ratio 1.31
Occupancy76%

Facility

Beds236
Facility typeSTH
Settingurban
Ownership classnonprofit
Per-bed (low) $425K
Per-bed (high) $1.7M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 220 $309M $-44.3M -37.0% -11.0% 44 0.97 68% 11,137 74
2021 257 $352M $-22.7M -19.4% -5.7% 16 0.62 70% 11,568 80
2022 257 $403M $11.3M -11.4% 2.5% 11 1.45 75% 11,028 53
2023 236 $430M $-55.2M -12.9% -12.9% 11 1.31 76% 11,067 66

Owners

OwnerRole%SinceType
Alireza Esmaeilzadeh corporate director 2014-12
Anne Elizabeth Fontaine corporate director 2002-12
Armand Asarian corporate director 2010-12
Bernard Dayton corporate director 2010-12
Carlos Naudon corporate director 2010-12
Cathy Sommer corporate director 2021-05
Deirdre Quinn corporate director 2018-05
Dino Veronese corporate director 2010-12
Donald Minarcik corporate director 2010-12
Donald Minarcik w-2 managing employee 2010-12
Earl Weiner corporate director 2010-12
Gaetano Mennonna corporate director 2013-11
Gary Terrinoni corporate director 2015-11
Harry Dym corporate director 2010-12
J. Barclay Collins corporate director 2010-12
James Gasperino corporate director 2016-10
Jessie Kelly corporate director 2020-06
Joel Leitner corporate director 2015-08
John Wash corporate director 2018-07
Judy Mclaughlin corporate director 2017-08
Keith Kinch corporate director 2020-09
Lenue Singletary corporate director 2014-09
Maria Forini Ramirez corporate director 2010-03
Martha Dietz corporate director 2021-05
Olamide Ajibesin corporate director 2018-05

Showing 25 of 34. Full list via /api/targets/330056.

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.

DateBuyerSellerHospitalBeds
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