Burke Rehabilitation Hospital
White Plains, Westchester County, NY
· CCN 333030
Licensed to Winifred Masterson Burke Rehabilitation Hospital
Composite
60.1
rank score
Distress
62
FY2023
Fit
80
vs thesis
Estimated ticket
$41.4M–$166M
150 beds ·
within envelope
Ownership
nonprofit
RH
Why it ranks here
- operating margin below -10%
- total margin negative
- under 30 days cash on hand
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- 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 | $113M |
| Operating margin | -14.1% |
| Total margin | -0.5% |
| Days cash on hand | 23 |
| Current ratio | 2.09 |
| Occupancy | 79% |
Facility
| Beds | 150 |
| Facility type | RH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $276K |
| Per-bed (high) | $1.1M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 150 | $92.4M | $10.4M | -16.7% | 9.0% | 83 | 1.71 | 89% | 2,831 | 38 |
| 2021 | 150 | $108M | $5.9M | -6.1% | 5.0% | 41 | 2.68 | 87% | 2,848 | 39 |
| 2022 | 150 | $109M | $-3.8M | -11.8% | -3.1% | 24 | 3.15 | 83% | 2,789 | 62 |
| 2023 | 150 | $113M | $-593K | -14.1% | -0.5% | 23 | 2.09 | 79% | 2,899 | 62 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jeffrey Menkes | corporate officer | 100 | 2017-04 | |
| Andrew Racine | corporate director | 2016-02 | ||
| Anna Marciano | corporate director | 2019-05 | ||
| Barbara Monohan | corporate director | 2016-09 | ||
| Christopher Allen | corporate director | 2015-05 | ||
| Christopher Panczner | corporate director | 2016-02 | ||
| James Cain | corporate director | 2019-05 | ||
| James Lynn | corporate director | 2016-09 | ||
| Jason Wong | corporate director | 2013-05 | ||
| Jeffrey Menkes | corporate director | 2016-02 | ||
| Jeffrey Menkes | w-2 managing employee | 2017-04 | ||
| John Mccarthy | corporate officer | 2018-05 | ||
| Julie Grace Burke | corporate director | 2020-05 | ||
| Kevin Knight | corporate director | 2015-05 | ||
| Mark Bronzo | corporate director | 2019-05 | ||
| Matthew Bartels | corporate director | 2018-05 | ||
| Michael Palumbo | corporate director | 2016-09 | ||
| Mooyeon Oh-Park | corporate director | 2018-04 | ||
| Richard Ahearn | corporate director | 2018-05 | ||
| Richard Celiberti | corporate director | 2015-05 | ||
| Scott Edelman | corporate director | 1991-08 | ||
| Steven Kessler | corporate director | 2018-05 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.