Clara Maass Medical Center
Belleville, Essex County, NJ
· CCN 310009
Licensed to Clara Maass Medical Center
Composite
52.8
rank score
Distress
55
FY2023
Fit
70
vs thesis
Estimated ticket
$110M–$440M
259 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- debt above 70% of assets
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size at the top of the envelope — would need leverage
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $357M |
| Operating margin | -5.1% |
| Total margin | -3.1% |
| Days cash on hand | 0 |
| Current ratio | 2.12 |
| Occupancy | 72% |
Facility
| Beds | 259 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 280 | $261M | $-28.3M | -20.7% | -9.9% | 0 | 1.94 | 69% | 11,041 | 74 |
| 2021 | 280 | $320M | $3.1M | -7.6% | 0.9% | 0 | 2.03 | 72% | 13,505 | 52 |
| 2022 | 259 | $360M | $-332K | -3.1% | -0.1% | 0 | 2.48 | 76% | 14,818 | 50 |
| 2023 | 259 | $357M | $-11.4M | -5.1% | -3.1% | 0 | 2.12 | 72% | 13,119 | 55 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mark Manigan | corporate officer | 2023-01 | ||
| Richard Henwood | w-2 managing employee | 2013-01 | ||
| Rwj Barnabas Health Inc | operational/managerial control | 2016-04 | ||
| Thomas Burke | corporate director | 2025-03 | ||
| Yasmir Bisal | corporate officer | 2021-12 |
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 |