Newark Beth Israel Medical Center
Newark, Essex County, NJ
· CCN 310002
Licensed to Newark Beth Israel Medical Center Inc
Composite
17.8
rank score
Distress
46
FY2023
Fit
55
vs thesis
Estimated ticket
$204M–$816M
408 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin under 2%
- under 30 days cash on hand
- margin slipping
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $748M |
| Operating margin | -8.5% |
| Total margin | 0.5% |
| Days cash on hand | 0 |
| Current ratio | 3.55 |
| Occupancy | 81% |
Facility
| Beds | 408 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 422 | $523M | $11.2M | -20.9% | 1.7% | 0 | 3.64 | 69% | 14,509 | 58 |
| 2021 | 425 | $605M | $3.7M | -13.8% | 0.5% | 0 | 3.17 | 72% | 17,466 | 58 |
| 2022 | 422 | $670M | $-6.4M | -9.1% | -0.9% | 0 | 3.66 | 73% | 17,861 | 57 |
| 2023 | 408 | $748M | $3.8M | -8.5% | 0.5% | 0 | 3.55 | 81% | 18,338 | 46 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Darrell Terry | corporate officer | 2021-12 | ||
| Doug Zehner | corporate officer | 2014-04 | ||
| Mark Manigan | corporate officer | 2023-01 | ||
| Richard Henwood | w-2 managing employee | 2011-11 | ||
| Rwj Barnabas Health Inc | operational/managerial control | 2016-04 | chain |
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 NJ
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 |
|---|---|---|---|---|
| 2022-12-21 | Capital Health System, Inc. | St. Francis Medical Center | Capital Health Regional Medical Ctr | 179 |
| 2022-01-01 | Eoh Acquisition Group, Llc | Prospect Eogh Inc | East Orange General Hospital | 159 |
| 2021-07-01 | Hmh Hospitals Corporation | Community Hospital Group Inc | Jfk University Medical Center | 353 |
| 2018-07-01 | Ahs Hospital Corp | General Conference Of Seventh Day... | Hackettstown Medical Center | 95 |
| 2018-01-01 | Njmhmc, Llc | Mha Llc | Hudson Regional Hospital | 102 |
| 2018-01-01 | Hmh Hospitals Corporation | Meridian Hospitals Corporation | Riverview Medical Center | 267 |
| 2018-01-01 | Hmh Hospitals Corporation | Meridian Hospitals Corporation | Bayshore Medical Center | 175 |
| 2018-01-01 | Hmh Hospitals Corporation | Meridian Hospitals Corporation | Hmh -Ocean University Medical Center | 313 |
| 2018-01-01 | Hmh Hospitals Corporation | Meridian Hospitals Corporation | Jersey Shore University Med Ctr | 580 |
| 2018-01-01 | Hmh Hospitals Corporation | Meridian Hospitals Corporation | Southern Ocean Medical Center | 156 |
| 2018-01-01 | Hmh Hospitals Corporation | Palisades Medical Center | Palisades Medical Center | 186 |
| 2018-01-01 | Hmh Hospitals Corporation | Raritan Bay Medical Center | Raritan Bay Medical Center | 270 |