St Charles Hospital
Port Jeffereson, Suffolk County, NY
· CCN 330246
Licensed to St Charles Hospital Corp
Composite
68.0
rank score
Distress
83
FY2023
Fit
76
vs thesis
Estimated ticket
$58.5M–$234M
167 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed 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 | $233M |
| Operating margin | -8.3% |
| Total margin | -3.6% |
| Days cash on hand | 4 |
| Current ratio | 0.46 |
| Occupancy | 71% |
Facility
| Beds | 167 |
| 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 | 167 | $208M | $6.0M | -11.4% | 2.5% | 10 | 0.82 | 75% | 8,410 | 70 |
| 2021 | 167 | $240M | $17.2M | 4.2% | 7.0% | 2 | 0.47 | 76% | 8,806 | 47 |
| 2022 | 167 | $233M | $-8.0M | -6.5% | -3.3% | 3 | 0.49 | 69% | 8,070 | 81 |
| 2023 | 167 | $233M | $-8.7M | -8.3% | -3.6% | 4 | 0.46 | 71% | 7,809 | 83 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Catholic Health System Of Long Island Inc | operational/managerial control | 100 | 1997-10 | |
| Anthony Marano | corporate director | 2014-04 | ||
| Brian Mcguire | corporate director | 2014-04 | ||
| Christopher Pascucci | corporate director | 2014-04 | ||
| Daniel Rowe | corporate director | 2014-04 | ||
| Debra Del Vecchio | corporate director | 2022-05 | ||
| Frank Kurre | corporate director | 2014-04 | ||
| James O'connor | corporate officer | 2004-05 | ||
| Jerome Poller | corporate director | 2008-01 | ||
| John Mccartney | corporate director | 2019-01 | ||
| Kevin Conway | corporate director | 2014-04 | ||
| Patrick O'shaughnessy | corporate officer | 2021-04 | ||
| Peter D'angelo | corporate director | 2014-04 | ||
| Peter Dugandzic | corporate director | 2014-04 | ||
| Peter Quick | corporate director | 2017-01 | ||
| Robert Morrissey | corporate director | 2014-04 | ||
| Robert Zuccaro | corporate director | 2016-01 | ||
| Ronald Weingartner | corporate officer | 2007-01 | ||
| Ronald Weingartner | w-2 managing employee | 2007-01 | ||
| Salvatore Sodano | corporate director | 2007-01 | ||
| Stephen Mclouglin | corporate director | 2014-04 | ||
| Thomas Christman | corporate director | 2017-04 | ||
| Virginia Ewen | corporate director | 2014-04 | ||
| William Ward | corporate director | 2015-01 |
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 |