Cape Regional Medical Center
dba Cooper University Health Care ·
Cape May Court House, Cape May County, NJ
· CCN 310011
Licensed to Cooper University Hospital Cape Regional Inc
Composite
64.2
rank score
Distress
76
FY2023
Fit
75
vs thesis
Estimated ticket
$52.1M–$209M
149 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin negative
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $130M |
| Operating margin | -12.8% |
| Total margin | -0.5% |
| Days cash on hand | 0 |
| Current ratio | 0.57 |
| Occupancy | 48% |
Facility
| Beds | 149 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 149 | $108M | $11.9M | -13.8% | 8.8% | 6 | 0.40 | 43% | 5,784 | 69 |
| 2021 | 149 | $133M | $12.4M | -4.3% | 8.2% | 1 | 0.45 | 49% | 6,281 | 53 |
| 2022 | 149 | $128M | $-24.4M | -10.5% | -20.9% | 0 | 0.45 | 45% | 5,713 | 82 |
| 2023 | 149 | $130M | $-695K | -12.8% | -0.5% | 0 | 0.57 | 48% | 5,468 | 76 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| The Cooper Health System | operational/managerial control | 100 | 2024-07 | |
| Cape Regional Health System Inc | operational/managerial control | 2007-04 | ||
| Ellen Kravet Burke | corporate director | 2005-07 | ||
| Garry Gilbert | corporate director | 2004-07 | ||
| Henry Brzyski | corporate director | 2005-07 | ||
| Herbert Hornsby | corporate director | 2011-07 | ||
| Joanne Carrocino | corporate director | 2004-07 | ||
| Joanne Carrocino | w-2 managing employee | 2004-07 | ||
| John Scianni | corporate officer | 2025-07 | ||
| John Scianni | w-2 managing employee | 2025-07 | ||
| Richard Michner | corporate officer | 2012-07 | ||
| Richard Michner | corporate director | 2012-07 | ||
| Robert Fineberg | corporate director | 2016-02 | ||
| Thomas Dierkes | corporate officer | 2010-07 | ||
| Thomas Dierkes | corporate director | 2010-07 |
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 |