dealflow
envelope $200M

← Targets

Bon Secours Community Hospital

dba Wmc Health Network-Rockland Inc · Port Jervis, Orange County, NY · CCN 330135
Licensed to Bon Secours Community Hospital

Composite
54.4
rank score
Distress
59
FY2023
Fit
70
vs thesis
Estimated ticket
$26.4M–$105M
62 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
  • occupancy 45-60%
  • urban — higher occupancy and iteration surface
  • bed count in the target band
  • ticket size somewhat below the envelope
  • moderate occupancy
  • nonprofit — expect AG conversion review

Latest financials · FY2023

Net patient revenue$84.3M
Operating margin -17.6%
Total margin 19.3%
Days cash on hand 0
Current ratio 0.46
Occupancy55%

Facility

Beds62
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 98 $71.3M $-1.7M -20.3% -1.9% 2 0.58 31% 2,343 88
2021 98 $76.2M $11.4M -19.4% 13.3% 2 0.46 36% 2,589 77
2022 98 $74.9M $2.6M -19.1% 3.2% 2 0.53 36% 2,406 77
2023 62 $84.3M $16.7M -17.6% 19.3% 0 0.46 55% 2,175 59

Owners

OwnerRole%SinceType
Bon Secours Charity Health System, Inc.
Suffern, NY
5% or greater direct ownership interest 100 2000-01
Bon Secours Charity Health System, Inc.
Suffern, NY
operational/managerial control 100 2000-01
Westchester Medical Center Health Network
Valhalla, NY
5% or greater indirect ownership interest 100 2025-09
Andrew Pickens corporate officer 2025-06
Andrew Pickens corporate director 2025-06
Andrew Pickens w-2 managing employee 2025-06
Anthony Costello corporate director 2023-01
David Lubarsky corporate officer 2025-02
Joshua Ratner corporate director 2021-01
Marie Yezzo corporate officer 2024-01
Marie Yezzo w-2 managing employee 2024-01
Mario Difiglia corporate director 2024-03
Martin Rogowsky corporate officer 2024-01
Michael Rosenblut corporate director 2021-01
Patrick Baker corporate director 2023-01
Sandra Grannum corporate director 2019-01
Susan Gevertz corporate director 2019-01
Tamer El-Rayess corporate director 2014-01

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.

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