Healthalliance Hospital Marys Ave Ca
Kingston, Ulster County, NY
· CCN 330224
Licensed to Healthalliance Hospital Marys Avenue Campus
Composite
70.7
rank score
Distress
89
FY2023
Fit
76
vs thesis
Estimated ticket
$38.9M–$155M
111 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
- debt above 85% of assets
- margin deteriorating sharply
- 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
Latest financials · FY2023
| Net patient revenue | $142M |
| Operating margin | -39.0% |
| Total margin | -10.6% |
| Days cash on hand | 3 |
| Current ratio | 0.21 |
| Occupancy | 73% |
Facility
| Beds | 111 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 149 | $47.0M | $3.3M | -81.3% | 3.6% | 8 | 0.37 | 36% | 1,645 | 77 |
| 2021 | 149 | $130M | $4.2M | -23.9% | 2.6% | 7 | 0.52 | 49% | 5,401 | 66 |
| 2022 | 111 | $137M | $-4.0M | -30.2% | -2.3% | 1 | 0.33 | 53% | 5,493 | 78 |
| 2023 | 111 | $142M | $-18.9M | -39.0% | -10.6% | 3 | 0.21 | 73% | 5,985 | 89 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Health Alliance | 5% or greater direct ownership interest | 100 | 2006-03 | |
| Anthony Costello | corporate director | 2023-01 | ||
| Craig Sickler | corporate director | 2023-01 | ||
| David Lubarsky | corporate officer | 2025-02 | ||
| David Lubarsky | corporate director | 2025-02 | ||
| Elissa Chessari | corporate officer | 2024-11 | ||
| Falak Shah | corporate director | 2023-01 | ||
| Jamal Mahdavian | corporate director | 2019-10 | ||
| Joshua Ratner | corporate director | 2019-10 | ||
| Joshua Ratner | w-2 managing employee | 2019-10 | ||
| Mario Difiglia | corporate director | 2024-03 | ||
| Patrick Baker | corporate director | 2019-10 | ||
| Thomas Collins | corporate director | 2023-01 | ||
| William Frishman | corporate director | 2023-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2020-09-23 | acquisition/merger | Healthalliance Hospital Marys... | Healthalliance Hospital Broadway Campus |
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 |