Christ Hospital
dba Heights University Hospital ·
Jersey City, NJ
· CCN 310016
Licensed to Hudson Hospital Opco Llc
Composite
73.8
rank score
Distress
92
FY2023
Fit
81
vs thesis
Estimated ticket
$57.0M–$228M
163 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- 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 | $125M |
| Operating margin | -47.1% |
| Total margin | -19.7% |
| Days cash on hand | 0 |
| Current ratio | 0.27 |
| Occupancy | 61% |
Facility
| Beds | 163 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| 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 | 178 | $150M | $-11.1M | -30.3% | -6.0% | 9 | 0.86 | 61% | 5,434 | 82 |
| 2021 | 163 | $129M | $-3.5M | -41.7% | -2.0% | 16 | 0.78 | 64% | 5,617 | 82 |
| 2022 | 163 | $118M | $-23.3M | -51.8% | -15.0% | 6 | 0.57 | 58% | 5,097 | 93 |
| 2023 | 163 | $125M | $-30.2M | -47.1% | -19.7% | 0 | 0.27 | 61% | 5,294 | 92 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Carepoint Health System, Inc | 5% or greater direct ownership interest | 100 | 2022-12 | |
| Christopher Dalton | corporate director | 100 | 2025-02 | |
| Christopher Dalton | operational/managerial control | 100 | 2025-02 | |
| Frank Rodriguez | corporate director | 100 | 2021-01 | |
| Frank Rodriguez | w-2 managing employee | 100 | 2018-07 |
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 |