North Shore University Hospital
Manhasset, Nassau County, NY
· CCN 330106
Licensed to North Shore University Hospital
Composite
17.1
rank score
Distress
43
FY2023
Fit
54
vs thesis
Estimated ticket
$391M–$1.6B
782 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- 30-60 days cash on hand
- margin slipping
- 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 · FY2023
| Net patient revenue | $2.4B |
| Operating margin | -51.6% |
| Total margin | 4.6% |
| Days cash on hand | 40 |
| Current ratio | 1.76 |
| Occupancy | 101% |
Facility
| Beds | 782 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 782 | $1.8B | $160M | -58.4% | 4.9% | 116 | 2.05 | 89% | 39,927 | 32 |
| 2021 | 782 | $2.2B | $151M | -49.7% | 4.5% | 93 | 1.81 | 98% | 47,744 | 32 |
| 2022 | 782 | $2.3B | $-122M | -52.8% | -3.7% | 51 | 1.69 | 100% | 48,306 | 57 |
| 2023 | 782 | $2.4B | $175M | -51.6% | 4.6% | 40 | 1.76 | 101% | 48,368 | 43 |
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 | 2017-01 | chain |
| Northwell, Inc. | 5% or greater indirect ownership interest | 100 | 2024-07 | |
| Barry Rubenstein | corporate officer | 2005-12 | ||
| David Battinelli | corporate officer | 2021-01 | ||
| Donald Zucker | corporate officer | 2005-12 | ||
| Donna Drummond | corporate officer | 2015-01 | ||
| Eugene Tangney | corporate officer | 2015-01 | ||
| Harry Gindi | corporate officer | 2015-01 | ||
| Jeffrey Kraut | corporate officer | 2015-01 | ||
| Joseph Moscola | corporate officer | 2021-01 | ||
| Kathleen Gallo | corporate officer | 2015-01 | ||
| Konstantine Costalas | corporate officer | 2021-01 | ||
| Laurence Kraemer | corporate officer | 2021-01 | ||
| Margaret Crotty | corporate officer | 2021-01 | ||
| Mark Claster | corporate officer | 2005-12 | ||
| Mark Gloade | corporate officer | 2015-01 | ||
| Mark Solazzo | corporate director | 2015-04 | ||
| Michael Dowling | corporate director | 2005-12 | ||
| Michael Epstein | corporate officer | 2021-01 | ||
| Michele Cusack | corporate officer | 2017-09 | ||
| Michele Cusack | w-2 managing employee | 2017-09 | ||
| Ralph Nappi | corporate officer | 2015-01 | ||
| Richard Goldstein | corporate officer | 2005-12 | ||
| Richard Miller | corporate officer | 2017-09 |
Showing 25 of 27. Full list via /api/targets/330106.
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 |