St. Josephs University Medical Cent
Paterson, Passaic County, NJ
· CCN 310019
Licensed to St Joseph's Health Inc
Composite
15.1
rank score
Distress
35
FY2023
Fit
55
vs thesis
Estimated ticket
$340M–$1.4B
681 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- 90-150 days cash on hand
- margin deteriorating
- 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 | $832M |
| Operating margin | -18.8% |
| Total margin | 3.0% |
| Days cash on hand | 128 |
| Current ratio | 2.21 |
| Occupancy | 64% |
Facility
| Beds | 681 |
| 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 | 668 | $700M | $51.9M | -27.3% | 5.5% | 206 | 2.14 | 67% | 26,282 | 32 |
| 2021 | 678 | $762M | $76.0M | -19.2% | 7.6% | 183 | 1.79 | 68% | 26,323 | 28 |
| 2022 | 692 | $802M | $8.3M | -14.6% | 0.9% | 137 | 1.97 | 64% | 24,989 | 36 |
| 2023 | 681 | $832M | $31.7M | -18.8% | 3.0% | 128 | 2.21 | 64% | 25,095 | 35 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Dustin Riccio | w-2 managing employee | 100 | 2024-01 | |
| Michael Alwell | w-2 managing employee | 100 | 2025-02 | |
| St Joseph's Health Inc | other | 100 | 1966-01 |
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 |