Henry J. Carter
dba Henry J Carter Specialty Hospital ·
New York, New York County, NY
· CCN 332008
Licensed to New York City Health And Hospitals Corporation
Composite
63.3
rank score
Distress
78
FY2024
Fit
70
vs thesis
Estimated ticket
$42.2M–$169M
201 beds ·
within envelope
Ownership
government
LTCH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- 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 | $134M |
| Operating margin | -22.8% |
| Total margin | -7.8% |
| Days cash on hand | 1 |
| Current ratio | -0.00 |
| Occupancy | 67% |
Facility
| Beds | 201 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $210K |
| Per-bed (high) | $840K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 201 | $151M | $4.2M | -9.4% | 2.5% | 1 | -0.01 | 65% | 522 | 58 |
| 2022 | 201 | $133M | $-15.3M | -27.4% | -10.0% | 1 | -0.01 | 62% | 590 | 80 |
| 2023 | 201 | $128M | $-28.1M | -27.4% | -20.8% | 1 | 0.00 | 36% | 534 | 86 |
| 2024 | 201 | $134M | $-11.8M | -22.8% | -7.8% | 1 | -0.00 | 67% | 469 | 78 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Anita Kawatra | corporate director | 2019-01 | ||
| Anne Williams-Isom | corporate director | 2022-01 | ||
| Barbara Lowe | corporate director | 2015-05 | ||
| Florencio Basquez | w-2 managing employee | 2018-07 | ||
| Freda Wang | corporate director | 2019-01 | ||
| Jason Dryden | w-2 managing employee | 2022-12 | ||
| John Ulberg | corporate director | 2018-06 | ||
| Jose Pagan | corporate director | 2019-01 | ||
| Khoi Luong | w-2 managing employee | 2017-11 | ||
| Kity Khundkar | w-2 managing employee | 2019-01 | ||
| Marjory Karlin | corporate director | 2024-08 | ||
| Marjory Karlin | operational/managerial control | 2024-08 | ||
| Mitchell Katz | corporate director | 2018-01 | ||
| Molly Wasow-Park | corporate director | 2023-03 | ||
| New York City Health And Hospitals Corporation | operational/managerial control | 2014-03 | ||
| Patricia Marthone | corporate director | 2021-12 | ||
| Sally Hernandez-Pinero | corporate director | 2019-01 | ||
| 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.