St. Peters Hospital
Albany, Albany County, NY
· CCN 330057
Licensed to St Peters Hospital Of The City Of Albany
Composite
11.1
rank score
Distress
10
FY2024
Fit
54
vs thesis
Estimated ticket
$251M–$1.0B
502 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- 90-150 days cash on hand
- margin deteriorating
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $761M |
| Operating margin | 4.8% |
| Total margin | 9.7% |
| Days cash on hand | 96 |
| Current ratio | 3.14 |
| Occupancy | 68% |
Facility
| Beds | 502 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 482 | $648M | $91.1M | 4.8% | 12.9% | 97 | 2.11 | 73% | 25,671 | 4 |
| 2022 | 482 | $658M | $-19.8M | -6.5% | -2.9% | 57 | 2.03 | 76% | 25,356 | 47 |
| 2023 | 502 | $675M | $25.2M | -3.0% | 3.5% | 52 | 2.50 | 70% | 24,582 | 32 |
| 2024 | 502 | $761M | $77.7M | 4.8% | 9.7% | 96 | 3.14 | 68% | 22,854 | 10 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| St Peters Health Partners | 5% or greater direct ownership interest | 100 | 2011-10 | |
| Trinity Health Corporation | 5% or greater indirect ownership interest | 100 | 2013-05 | chain |
| Daniel Isacksen | corporate director | 2022-10 | ||
| Eric Farrell | corporate officer | 2022-10 | ||
| Eric Farrell | corporate director | 2022-10 | ||
| Gina Myers | corporate director | 2022-10 | ||
| Guha Bala | corporate director | 2019-01 | ||
| John Marshall | corporate officer | 2022-10 | ||
| John Marshall | corporate director | 2022-10 | ||
| Julie Edmunds Smith | corporate officer | 2025-01 | ||
| Kathleen Jimino | corporate officer | 2022-10 | ||
| Kathleen Jimino | corporate director | 2019-01 | ||
| Kerri Sweet Zavaglia | corporate director | 2022-10 | ||
| Lori Santos | w-2 managing employee | 2012-07 | ||
| Manufacturers & Traders Trust Company | 5% or greater mortgage interest | 2008-01 | ||
| Merriette Pollard | corporate director | 2022-10 | ||
| Michael Meath | corporate director | 2022-10 | ||
| Oluwatoyin Tofade | corporate director | 2022-10 | ||
| Robert Mccormick | corporate director | 2015-01 | ||
| Steven Hanks | corporate officer | 2022-01 | ||
| Stuart Kilpinen | operational/managerial control | 2023-06 | ||
| Tom Robert | corporate officer | 2019-01 | ||
| Tom Robert | corporate director | 2019-01 | ||
| William Wildridge | corporate officer | 2022-10 | ||
| William Wildridge | corporate director | 2022-10 |
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 |