Harlem Hospital Center
New York, New York County, NY
· CCN 330240
Licensed to New York City Health And Hospitals Corporation
Composite
62.7
rank score
Distress
74
FY2024
Fit
74
vs thesis
Estimated ticket
$76.0M–$304M
217 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin negative
- under 30 days cash on hand
- current ratio below 0.8
- 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
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $516M |
| Operating margin | -27.7% |
| Total margin | -2.1% |
| Days cash on hand | 0 |
| Current ratio | -0.67 |
| Occupancy | 74% |
Facility
| Beds | 217 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 217 | $507M | $20.9M | -19.9% | 3.3% | 1 | -0.70 | 60% | 8,382 | 66 |
| 2022 | 217 | $507M | $6.4M | -21.4% | 1.0% | 1 | -0.21 | 67% | 8,894 | 67 |
| 2023 | 217 | $520M | $-34.9M | -22.9% | -5.8% | 1 | -0.30 | 73% | 9,699 | 76 |
| 2024 | 217 | $516M | $-13.4M | -27.7% | -2.1% | 0 | -0.67 | 74% | 9,439 | 74 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| New York City Health And Hospitals Corporation | operational/managerial control | 100 | 2010-11 | |
| Anita Kawatra | corporate director | 2019-01 | ||
| Barbara Lowe | corporate director | 2015-05 | ||
| Chinazo Cunningham | corporate director | 2021-07 | ||
| Dave Chokshi | corporate director | 2020-08 | ||
| Feniosky Pena-Mora | corporate director | 2019-01 | ||
| Freda Wang | corporate director | 2019-01 | ||
| John Ulberg | corporate officer | 2018-06 | ||
| John Ulberg | corporate director | 2018-06 | ||
| Jose Pagan | corporate director | 2019-01 | ||
| Marjory Karlin | corporate director | 2024-08 | ||
| Marjory Karlin | operational/managerial control | 2024-08 | ||
| Melanie Hartzog | corporate director | 2020-10 | ||
| Mitchell Katz | corporate director | 2018-01 | ||
| Richard Minott | corporate director | 2020-01 | ||
| Richard Minott | w-2 managing employee | 2020-01 | ||
| Sally Hernandez-Pinero | corporate director | 2019-01 | ||
| Steven Banks | corporate director | 2014-04 | ||
| Vincent Calamia | corporate director | 2012-01 |
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 |