dealflow
envelope $200M

← Targets

Hospital For Special Surgery

New York, New York County, NY · CCN 330270
Licensed to New York Society For The Relief Of Ruptured & Crippled Maintaining

Composite
34.5
rank score
Distress
30
FY2023
Fit
52
vs thesis
Estimated ticket
$16.6M–$33.2M
166 beds · within envelope
Ownership
nonprofit
STH

Why it ranks here

  • operating margin below -10%
  • occupancy 30-45%
  • rural — cheaper but limited density
  • bed count in the target band
  • small ticket — deploys little of the available capital
  • thin occupancy
  • nonprofit — expect AG conversion review

Latest financials · FY2023

Net patient revenue$1.2B
Operating margin -27.5%
Total margin 9.5%
Days cash on hand 235
Current ratio 2.58
Occupancy44%

Facility

Beds166
Facility typeSTH
Settingrural
Ownership classnonprofit
Per-bed (low) $100K
Per-bed (high) $200K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 205 $882M $37.0M -46.4% 2.7% 326 2.65 49% 12,455 30
2021 205 $1.0B $105M -32.5% 7.4% 274 2.68 48% 12,510 30
2022 200 $1.1B $70.3M -29.3% 5.1% 207 2.65 37% 8,885 33
2023 166 $1.2B $162M -27.5% 9.5% 235 2.58 44% 8,155 30

Owners

OwnerRole%SinceType
Alan Macdonald corporate director 2011-01
Andrew Sama corporate director 2023-11
Anne Ehrenkranz corporate director 2011-01
Answorth Allen corporate director 2023-11
Anthony De Nicola corporate director 2021-02
Bryan Kelly corporate officer 2023-09
Celene Menschel corporate director 2020-02
Charles Coleman corporate director 2011-01
Cynthia Curry corporate director 2011-01
Daniel Benton corporate director 2011-01
David Dines corporate director 2023-11
Deirdre Stanley corporate officer 2020-02
Denee Wolf w-2 managing employee 2024-09
Douglas Padgett corporate officer 2023-09
Edward Skyler corporate director 2023-11
Ellen Wright corporate director 2011-01
Frances Townsend corporate director 2021-02
Irene Koch corporate officer 2024-09
James Dinan corporate director 2011-01
Jeffrey Wilpon corporate director 2023-11
Jonathan Sobel corporate director 2011-01
Jonathan Tisch corporate director 2021-02
Katherine Doerge corporate director 2023-11
Kathryn Chenault corporate director 2011-01
Kathy Leventhal corporate director 2015-04

Showing 25 of 57. Full list via /api/targets/330270.

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