Strong Memorial Hospital
Rochester, Monroe County, NY
· CCN 330285
Licensed to University Of Rochester
Composite
31.3
rank score
Distress
14
FY2024
Fit
62
vs thesis
Estimated ticket
$74.9M–$150M
749 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- 90-150 days cash on hand
- margin deteriorating sharply
- rural — cheaper but limited density
- very large — likely out of range
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $3.7B |
| Operating margin | 6.7% |
| Total margin | 5.9% |
| Days cash on hand | 106 |
| Current ratio | 2.74 |
| Occupancy | 110% |
Facility
| Beds | 749 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 761 | $2.7B | $431M | 9.1% | 15.2% | 183 | 3.00 | 97% | 37,802 | 0 |
| 2022 | 757 | $2.9B | $80.6M | 5.0% | 2.8% | 147 | 2.81 | 102% | 36,088 | 4 |
| 2023 | 749 | $3.3B | $150M | 5.2% | 4.6% | 115 | 2.79 | 110% | 35,695 | 4 |
| 2024 | 749 | $3.7B | $215M | 6.7% | 5.9% | 106 | 2.74 | 110% | 36,381 | 14 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Adam Anolik | corporate officer | 2014-01 | ||
| Alan Zekelman | corporate director | 2018-01 | ||
| Ani Gabrellian | corporate director | 2015-07 | ||
| Ariel Schoeneman | w-2 managing employee | 2024-07 | ||
| Barbara Burger | corporate director | 2015-07 | ||
| Bernard Ferrari | corporate director | 2011-05 | ||
| Brian Prince | corporate director | 2015-07 | ||
| Carol Davidson | corporate director | 2015-07 | ||
| Carol Karp | corporate director | 2011-05 | ||
| Carrie Fuller-Spencer | corporate officer | 2018-01 | ||
| Carrie Fuller-Spencer | w-2 managing employee | 2018-01 | ||
| Daniel Wegman | corporate director | 2011-05 | ||
| Earl Saunders | corporate director | 2015-07 | ||
| Edward Miller | corporate director | 2015-07 | ||
| Elizabeth Bruno | corporate director | 2018-01 | ||
| Elizabeth Young | operational/managerial control | 2024-07 | ||
| Emerson Fullwood | corporate director | 2018-01 | ||
| Evans Lam | corporate director | 2015-07 | ||
| Francis Price | corporate director | 2011-05 | ||
| Gail Lione | corporate director | 2011-05 | ||
| Gwen Greene | corporate director | 2011-05 | ||
| H. Christopher Boehning | corporate director | 2018-01 | ||
| Jay Benet | corporate director | 2018-01 | ||
| Joan Beal | corporate director | 2018-01 | ||
| John Bruning | corporate director | 2011-05 |
Showing 25 of 49. Full list via /api/targets/330285.
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 |