dealflow
envelope $200M

← Targets

St. Johns Riverside Hospital

Yonkers, Westchester County, NY · CCN 330208
Licensed to St. John's Riverside Hospital

Composite
65.2
rank score
Distress
92
FY2023
Fit
60
vs thesis
Estimated ticket
$22.3M–$44.7M
319 beds · within envelope
Ownership
nonprofit
STH

Why it ranks here

  • operating margin below -10%
  • total margin below -8%
  • under 30 days cash on hand
  • current ratio below 0.8
  • liabilities exceed assets
  • margin deteriorating sharply
  • 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 · FY2023

Net patient revenue$268M
Operating margin -33.4%
Total margin -15.2%
Days cash on hand 13
Current ratio 0.57
Occupancy75%

Facility

Beds319
Facility typeSTH
Settingrural
Ownership classnonprofit
Per-bed (low) $70.0K
Per-bed (high) $140K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 319 $216M $15.0M -34.5% 4.9% 71 1.21 73% 15,413 52
2021 319 $230M $-9.1M -36.0% -3.0% 13 0.61 75% 15,518 82
2022 319 $268M $671K -22.4% 0.2% 9 0.75 78% 15,782 78
2023 319 $268M $-47.5M -33.4% -15.2% 13 0.57 75% 15,187 92

Owners

OwnerRole%SinceType
Ronald Corti corporate officer 35 2009-01
Ronald Corti w-2 managing employee 35 2009-01
Christopher Stanley corporate officer 15 2025-07
Ann Kachmar corporate director 2 2014-01
Cecile Singer corporate director 2 2014-01
Gerald Malone corporate director 2 2014-01
Gregory Fisk corporate director 2 2014-01
Iyad Annabi corporate director 2 2014-01
James Letsen corporate director 2 2014-01
Jeanne Martinelli corporate director 2 2014-01
Jim Bostic corporate director 2 2014-01
Jonathan Bauman corporate director 2 2022-03
Kevin Fay corporate director 2 2014-01
Lenore Minerva corporate director 2 2014-01
Mark Herrmann corporate director 2 2014-01
Melvina Carter corporate director 2 2014-01
Michael Schreiber corporate director 2 2014-01
Pamela Barnes corporate director 2 2022-03
Richard Komosinski corporate director 2 2014-01
Robert Dematteo corporate director 2 2022-03
Robert Murray corporate director 2 2014-01
Steve Centrillo corporate director 2 2014-01
Thomas Lee corporate director 2 2014-01
Wm. Lee Kinnally corporate director 2 2014-01
Christopher Stanley w-2 managing employee 2025-07

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