Putnam Hospital Center
Carmel, Putnam County, NY
· CCN 330273
Licensed to Putnam Hospital Center
Composite
65.0
rank score
Distress
87
FY2023
Fit
64
vs thesis
Estimated ticket
$30.8M–$123M
88 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
- occupancy 30-45%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size somewhat below the envelope
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $104M |
| Operating margin | -43.2% |
| Total margin | -24.5% |
| Days cash on hand | 5 |
| Current ratio | 0.31 |
| Occupancy | 35% |
Facility
| Beds | 88 |
| 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 | 82 | $125M | $-10.1M | -25.0% | -6.8% | 183 | 2.62 | 50% | 3,838 | 42 |
| 2021 | 82 | $121M | $-6.6M | -22.9% | -4.8% | 23 | 0.98 | 49% | 3,332 | 73 |
| 2022 | 81 | $111M | $-38.4M | -31.2% | -32.0% | 8 | 0.44 | 42% | 2,797 | 86 |
| 2023 | 88 | $104M | $-28.7M | -43.2% | -24.5% | 5 | 0.31 | 35% | 2,510 | 87 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Health Quest Systems Inc | 5% or greater direct ownership interest | 100 | 2022-04 | |
| Health Quest Systems Inc | operational/managerial control | 100 | 2002-01 | |
| Northwell Health System, Inc. | 5% or greater indirect ownership interest | 100 | 2025-05 | |
| Northwell, Inc. | 5% or greater indirect ownership interest | 100 | 2025-05 | |
| Nuvance Health | 5% or greater indirect ownership interest | 100 | 2019-04 | |
| Anne Roby | corporate director | 2025-05 | ||
| Brian Wyatt | corporate officer | 2026-01 | ||
| Brian Wyatt | corporate director | 2026-01 | ||
| Daniel Debarba | corporate officer | 2022-09 | ||
| Daniel Debarba | w-2 managing employee | 2022-09 | ||
| Donald Jones | corporate director | 2025-05 | ||
| Ervin Shames | corporate director | 2025-05 | ||
| Francoise Dunefsky | corporate director | 2025-05 | ||
| Gregory Rakow | corporate director | 2025-05 | ||
| Howard Gold | corporate director | 2025-05 | ||
| Javid Shahid | corporate director | 2025-05 | ||
| John D'angelo | corporate officer | 2025-10 | ||
| John D'angelo | corporate director | 2025-10 | ||
| Joseph Divestea | corporate director | 2025-05 | ||
| Kathleen Gallo | corporate director | 2025-05 | ||
| Laurence Kraemer | corporate officer | 2026-01 | ||
| Laurence Kraemer | corporate director | 2026-01 | ||
| Margaret Crotty | corporate director | 2025-05 | ||
| Mark Gudis | corporate director | 2025-05 | ||
| Mark Solazzo | corporate director | 2025-05 |
Showing 25 of 39. Full list via /api/targets/330273.
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 |