Long Island Jewish Medical Center
New Hyde Park, Queens County, NY
· CCN 330195
Licensed to Long Island Jewish Medical Center
Composite
43.5
rank score
Distress
37
FY2023
Fit
62
vs thesis
Estimated ticket
$115M–$231M
1,153 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- 60-90 days cash on hand
- margin slipping
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- very large — likely out of range
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $3.1B |
| Operating margin | -27.1% |
| Total margin | 6.1% |
| Days cash on hand | 63 |
| Current ratio | 1.66 |
| Occupancy | 91% |
Facility
| Beds | 1,153 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 744 | $2.5B | $237M | -26.9% | 6.6% | 121 | 1.71 | 122% | 61,777 | 37 |
| 2021 | 1,166 | $2.8B | $175M | -23.9% | 4.8% | 122 | 1.51 | 89% | 71,270 | 32 |
| 2022 | 1,161 | $3.0B | $-147M | -27.0% | -4.1% | 70 | 1.52 | 91% | 71,653 | 54 |
| 2023 | 1,153 | $3.1B | $261M | -27.1% | 6.1% | 63 | 1.66 | 91% | 74,781 | 37 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Northwell Health Inc | 5% or greater indirect ownership interest | 100 | 2015-01 | |
| Northwell Healthcare Inc | 5% or greater direct ownership interest | 100 | 2017-01 | chain |
| Northwell Healthcare Inc | operational/managerial control | 100 | 2017-01 | chain |
| Northwell, Inc. | 5% or greater indirect ownership interest | 100 | 2024-07 | |
| Barry Rubenstein | corporate director | 2015-04 | ||
| David Battinelli | corporate officer | 2021-01 | ||
| Donald Zucker | corporate director | 2015-04 | ||
| Donna Drummond | corporate officer | 2015-01 | ||
| Eugene Tangney | corporate officer | 2015-01 | ||
| Harry Gindi | corporate officer | 2015-01 | ||
| Jeffrey Kraut | corporate officer | 2015-01 | ||
| Joseph Moscola | corporate officer | 2021-01 | ||
| Kathleen Gallo | corporate officer | 2015-01 | ||
| Konstantine Costalas | corporate officer | 2021-01 | ||
| Laurence Kraemer | corporate officer | 2021-01 | ||
| Margaret Crotty | corporate officer | 2021-01 | ||
| Mark Claster | corporate director | 2015-04 | ||
| Mark Gloade | corporate officer | 2015-01 | ||
| Mark Solazzo | corporate director | 2015-04 | ||
| Mark Solazzo | w-2 managing employee | 2015-04 | ||
| Michael Dowling | corporate director | 2005-05 | ||
| Michael Dowling | w-2 managing employee | 2015-04 | ||
| Michael Dowling | operational/managerial control | 2005-05 | ||
| Michael Epstein | corporate officer | 2020-01 | ||
| Michele Cusack | corporate officer | 2017-09 |
Showing 25 of 31. Full list via /api/targets/330195.
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2016-01-14 | acquisition/merger | Long Island Jewish Medical Center | Forest Hills 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 |