Chilton Hospital
dba Chilton Medical Center ·
Pompton Plains, Morris County, NJ
· CCN 310017
Licensed to Ahs Hospital Corp
Composite
37.4
rank score
Distress
20
FY2023
Fit
71
vs thesis
Estimated ticket
$90.0M–$360M
180 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- urban — higher occupancy and iteration surface
- bed count in the target band
- 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 | $278M |
| Operating margin | 6.5% |
| Total margin | 7.8% |
| Days cash on hand | 10 |
| Current ratio | 10.31 |
| Occupancy | 60% |
Facility
| Beds | 180 |
| 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 | 170 | — | $-240M | — | — | 1,275 | 3.22 | 59% | 7,303 | 12 |
| 2021 | 200 | — | $-213M | — | — | — | — | 49% | 7,954 | — |
| 2022 | 218 | $254M | $17.1M | 4.9% | 6.6% | 9 | 3.47 | 48% | 7,987 | 24 |
| 2023 | 180 | $278M | $21.9M | 6.5% | 7.8% | 10 | 10.31 | 60% | 8,530 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Joseph Walter | corporate officer | 100 | 2022-09 | |
| Joseph Walter | w-2 managing employee | 100 | 2022-09 | |
| Laura Ann Kelly | corporate officer | 2025-05 | ||
| Mary O'halloran | corporate officer | 2016-05 | ||
| Saad Ehtisham | corporate officer | 2025-07 |
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 |