Long Island Community Hospital
Patchogue, Suffolk County, NY
· CCN 330141
Licensed to Nyu Langone Hospitals
Already transacted. CMS recorded an ownership change effective
2025-03-01. Confirm the current owner before spending a call on this.
Composite
21.3
rank score
Distress
67
FY2024
Fit
76
vs thesis
Estimated ticket
$66.7M–$267M
157 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- 30-60 days cash on hand
- current liabilities exceed current assets
- debt above 85% of assets
- margin deteriorating
- 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
- changed ownership 2025-03-01 — likely already transacted
Latest financials · FY2024
| Net patient revenue | $361M |
| Operating margin | -7.4% |
| Total margin | -4.2% |
| Days cash on hand | 36 |
| Current ratio | 0.88 |
| Occupancy | 68% |
Facility
| Beds | 157 |
| 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 | 164 | $220M | $-5.3M | -20.4% | -2.0% | 160 | 1.09 | 90% | 8,389 | 43 |
| 2021 | 175 | $234M | $-363K | -7.7% | -0.1% | 110 | 1.22 | 78% | 8,075 | 38 |
| 2022 | 165 | $151M | $-22.1M | -18.8% | -14.1% | 65 | 1.06 | 77% | 5,478 | 62 |
| 2023 | 162 | $265M | $-47.4M | -20.9% | -17.3% | 23 | 0.88 | 74% | 8,214 | 83 |
| 2024 | 157 | $361M | $-15.5M | -7.4% | -4.2% | 36 | 0.88 | 68% | 9,566 | 67 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Nyu Langone Health System | 5% or greater direct ownership interest | 100 | 2015-04 | |
| Alec Kimmelman | corporate officer | 2025-09 | ||
| Alice Tisch | corporate director | 2007-01 | ||
| Andrew Brotman | corporate officer | 2011-09 | ||
| Annette Johnson | corporate officer | 2011-09 | ||
| Anthony Welters | corporate director | 2011-09 | ||
| Barry Schwartz | corporate director | 2025-09 | ||
| Bret Rudy | corporate officer | 2025-09 | ||
| Carla Solomon | corporate director | 2007-01 | ||
| Casey Box | corporate director | 2016-08 | ||
| Chandrika Tandon | corporate director | 2025-09 | ||
| Christina Kirby | corporate director | 2025-09 | ||
| Dafna Bar-Sagi | corporate officer | 2011-09 | ||
| Daniel Sundheim | corporate director | 2016-08 | ||
| David Katz | corporate director | 2025-09 | ||
| Deven Parekh | corporate director | 2025-09 | ||
| Edgar Bronfman | corporate director | 2007-01 | ||
| Elizabeth Golden | corporate officer | 2025-09 | ||
| Evan Chesler | corporate director | 2025-09 | ||
| Fiona Druckenmiller | corporate director | 2011-09 | ||
| Fritz Francois | corporate officer | 2025-09 | ||
| Gary Cohn | corporate director | 2011-09 | ||
| Grace Ko | corporate officer | 2016-08 | ||
| Issac Perlmutter | corporate director | 2025-09 | ||
| Jan Vilcek | corporate director | 2016-08 |
Showing 25 of 56. Full list via /api/targets/330141.
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2025-03-01 | change of ownership | Nyu Langone Hospitals | Brookhaven Memorial Hospital... |
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 |