Maimonides Medical Center
Brooklyn, Kings County, NY
· CCN 330194
Licensed to Maimonides Medical Center
Composite
59.9
rank score
Distress
81
FY2023
Fit
58
vs thesis
Estimated ticket
$44.9M–$89.7M
641 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current liabilities exceed current assets
- debt above 85% of assets
- margin deteriorating sharply
- rural — cheaper but limited density
- very large — likely out of range
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $1.2B |
| Operating margin | -32.1% |
| Total margin | -6.4% |
| Days cash on hand | 24 |
| Current ratio | 0.83 |
| Occupancy | 80% |
Facility
| Beds | 641 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 641 | $915M | $12.7M | -51.2% | 1.0% | 158 | 1.80 | 83% | 29,806 | 36 |
| 2021 | 641 | $952M | $-145M | -49.7% | -14.2% | 85 | 1.18 | 88% | 32,048 | 62 |
| 2022 | 641 | $1.2B | $-130M | -26.5% | -11.8% | 41 | 0.94 | 82% | 29,891 | 78 |
| 2023 | 641 | $1.2B | $-78.9M | -32.1% | -6.4% | 24 | 0.83 | 80% | 28,115 | 81 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Maimonides Health Resources Inc | operational/managerial control | 100 | 1990-02 | |
| Prudential Huntoon Paige Associates, Llc. | 5% or greater mortgage interest | 10 | 2013-03 | |
| Aaron Twerski | corporate director | 1996-02 | ||
| Alexander Rovt | corporate director | 2012-05 | ||
| Azzam Obeid | corporate director | 2015-05 | ||
| Chaim Fischer | corporate director | 2019-02 | ||
| David Cassato | corporate director | 2003-03 | ||
| David Spira | corporate director | 2021-06 | ||
| Donald Meltzer | corporate director | 2015-05 | ||
| Donna Astion | corporate director | 2010-01 | ||
| Erminia Rivera | corporate director | 2010-11 | ||
| Eugene Keilin | corporate director | 2014-05 | ||
| Frank Naccarato | corporate director | 2006-01 | ||
| George Liu | corporate director | 2017-01 | ||
| George Weinberger | corporate director | 2021-06 | ||
| Joseph Bruno | corporate director | 2014-09 | ||
| Judith Bachman | corporate officer | 2022-08 | ||
| Judith Bachman | w-2 managing employee | 2022-08 | ||
| Kenneth Gibbs | corporate officer | 2016-01 | ||
| Kenneth Gibbs | corporate director | 2013-06 | ||
| Kenneth Gibbs | w-2 managing employee | 2016-01 | ||
| Lofton Holder | corporate director | 2017-05 | ||
| Martin Payson | corporate director | 1994-03 | ||
| Marty Waisbrod | corporate director | 2021-11 | ||
| Mary Singh | corporate director | 2017-01 |
Showing 25 of 35. Full list via /api/targets/330194.
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 |