Four Winds Inc.
dba Four Winds Hospital ·
Katonah, Westchester County, NY
· CCN 334002
Licensed to Four Winds, Inc.
Composite
63.5
rank score
Distress
67
FY2023
Fit
84
vs thesis
Estimated ticket
$40.9M–$164M
175 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin below -10%
- total margin under 2%
- under 30 days cash on hand
- current ratio under 1.5
- liabilities exceed assets
- margin deteriorating
- 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
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $53.8M |
| Operating margin | -21.1% |
| Total margin | 0.1% |
| Days cash on hand | 18 |
| Current ratio | 1.05 |
| Occupancy | 82% |
Facility
| Beds | 175 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $234K |
| Per-bed (high) | $935K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 175 | $51.5M | $2.3M | -5.6% | 4.1% | 64 | 2.41 | 84% | 3,609 | 43 |
| 2021 | 175 | $52.7M | $668K | -5.1% | 1.2% | 58 | 2.96 | 85% | 3,609 | 53 |
| 2022 | 175 | $51.7M | $-4.9M | -17.8% | -8.7% | 16 | 1.04 | 82% | 3,434 | 81 |
| 2023 | 175 | $53.8M | $77.4K | -21.1% | 0.1% | 18 | 1.05 | 82% | 3,167 | 67 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Sarah Klagsburn | 5% or greater direct ownership interest | 52 | 2012-09 | |
| Samuel C Klagsbrun Estate | 5% or greater direct ownership interest | 48 | 2023-11 | |
| Claudia Rocha-Roda | w-2 managing employee | 2020-02 | ||
| Eric Weinstein | corporate officer | 2023-05 | ||
| Irene Castro | corporate officer | 2019-01 | ||
| Monica Broderick | corporate officer | 2023-05 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.