dealflow
envelope $200M

← Targets

Highland Hospital

Rochester, Monroe County, NY · CCN 330164
Licensed to Highland Hospital Of Rochester

Composite
34.1
rank score
Distress
23
FY2024
Fit
60
vs thesis
Estimated ticket
$26.1M–$52.2M
261 beds · within envelope
Ownership
nonprofit
STH

Why it ranks here

  • operating margin -10% to -5%
  • margin slipping
  • rural — cheaper but limited density
  • large — ticket likely stretches the envelope
  • small ticket — deploys little of the available capital
  • strong occupancy — good iteration surface
  • nonprofit — expect AG conversion review

Latest financials · FY2024

Net patient revenue$508M
Operating margin -5.9%
Total margin 4.7%
Days cash on hand 179
Current ratio 3.70
Occupancy95%

Facility

Beds261
Facility typeSTH
Settingrural
Ownership classnonprofit
Per-bed (low) $100K
Per-bed (high) $200K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 247 $401M $27.2M -6.7% 6.0% 255 3.96 98% 16,692 22
2022 261 $433M $-3.3M -7.9% -0.7% 220 3.92 97% 15,399 30
2023 261 $457M $6.4M -11.0% 1.3% 186 3.94 96% 14,440 31
2024 261 $508M $26.1M -5.9% 4.7% 179 3.70 95% 14,820 23

Owners

OwnerRole%SinceType
Strong Partners Healthsystem, Inc
Rochester, NY
5% or greater security interest 100 1966-07
Strong Partners Healthsystem, Inc
Rochester, NY
operational/managerial control 100 1966-07
University Of Rochester
Rochester, NY
5% or greater security interest 100 1966-07
Amy Kates corporate director 2006-06
Ann Marie Cook corporate director 2012-01
Ariel Schoeneman w-2 managing employee 2024-08
Belinda Lischerelli corporate director 2012-07
Bilal Ahmed corporate director 2012-01
Brent Dubeshter corporate director 2012-07
Carrie Fuller-Spencer corporate director 2018-07
Carrie Fuller-Spencer w-2 managing employee 2021-03
Christian Modesti corporate director 2012-07
Daniel Mendelson corporate director 2007-01
David Dejoy corporate director 2004-06
Deborah Price corporate director 2013-01
Francis Affronti corporate director 2009-08
James Burkhart corporate director 2013-10
Joseph Johnson corporate director 2003-08
Karen Lamy corporate director 2013-10
Kathleen Whelehan corporate director 2011-05
Marjorie Hefner w-2 managing employee 2019-11
Mark Eidlin corporate director 2010-01
Maura Snyder corporate officer 2024-09
Meghan Bowman corporate director 2021-12
Michael Buckley corporate director 1997-01

Showing 25 of 34. Full list via /api/targets/330164.

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