Peconic Bay Medical Center
New Hyde Park, Suffolk County, NY
· CCN 330107
Licensed to Central Suffolk Hospital
Composite
55.4
rank score
Distress
51
FY2023
Fit
76
vs thesis
Estimated ticket
$55.2M–$221M
130 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin under 2%
- 30-60 days cash on hand
- current liabilities exceed current assets
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $295M |
| Operating margin | -16.6% |
| Total margin | 0.3% |
| Days cash on hand | 40 |
| Current ratio | 0.89 |
| Occupancy | 96% |
Facility
| Beds | 130 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 124 | $214M | $-13.3M | -34.2% | -4.8% | 83 | 0.91 | 81% | 8,373 | 59 |
| 2021 | 130 | $262M | $329K | -8.3% | 0.1% | 76 | 0.80 | 87% | 9,176 | 49 |
| 2022 | 130 | $294M | $8.5M | -9.3% | 2.6% | 58 | 0.87 | 88% | 9,569 | 48 |
| 2023 | 130 | $295M | $905K | -16.6% | 0.3% | 40 | 0.89 | 96% | 10,459 | 51 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Northwell Healthcare Inc | 5% or greater direct ownership interest | 100 | 2015-01 | chain |
| Barry Rubenstein | corporate officer | 2025-01 | ||
| Brian Lally | corporate officer | 2025-01 | ||
| David Battinelli | corporate officer | 2025-01 | ||
| Donald Zucker | corporate officer | 2025-01 | ||
| Donna Drummond | corporate officer | 2025-01 | ||
| Harry Gindi | corporate officer | 2025-01 | ||
| Jeffrey Kraut | corporate officer | 2025-01 | ||
| John D'angelo | corporate officer | 2025-01 | ||
| Kevin Beiner | corporate officer | 2025-01 | ||
| Konstantine Costalas | corporate officer | 2025-01 | ||
| Laurence Kraemer | corporate officer | 2025-01 | ||
| Margaret Crotty | corporate officer | 2025-01 | ||
| Mark Claster | corporate officer | 2025-01 | ||
| Mark Gloade | corporate officer | 2025-01 | ||
| Mark Solazzo | corporate officer | 2025-01 | ||
| Michael Dowling | corporate officer | 2025-01 | ||
| Michael Epstein | corporate officer | 2025-01 | ||
| Michele Cusack | corporate officer | 2017-09 | ||
| Michele Cusack | w-2 managing employee | 2017-09 | ||
| Northwell Health Inc | 5% or greater indirect ownership interest | 2015-01 | ||
| Northwell, Inc. | 5% or greater indirect ownership interest | 2024-07 | ||
| Ralph Nappi | corporate officer | 2025-01 | ||
| Richard Goldstein | corporate officer | 2025-01 | ||
| Robert Rosenthal | corporate officer | 2025-01 |
Showing 25 of 26. Full list via /api/targets/330107.
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 |