West Jersey Health System
dba West Jersey Hospital ·
Voorhees, Camden County, NJ
· CCN 310022
Licensed to Virtua - West Jersey Health System, Inc.
Composite
14.6
rank score
Distress
32
FY2023
Fit
55
vs thesis
Estimated ticket
$294M–$1.2B
589 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- 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 | $1.0B |
| Operating margin | 8.4% |
| Total margin | 31.5% |
| Days cash on hand | 4 |
| Current ratio | 0.33 |
| Occupancy | 69% |
Facility
| Beds | 589 |
| 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 | 587 | $709M | $44.9M | -3.4% | 6.9% | 172 | 3.49 | 61% | 26,266 | 16 |
| 2021 | 587 | $901M | $298M | 8.1% | 30.3% | 74 | 1.29 | 67% | 30,414 | 13 |
| 2022 | 587 | $958M | $-75.3M | 7.1% | -7.3% | 11 | 0.56 | 69% | 30,244 | 48 |
| 2023 | 589 | $1.0B | $344M | 8.4% | 31.5% | 4 | 0.33 | 69% | 31,935 | 32 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Dennis Pullin | corporate officer | 2017-09 | ||
| Dennis Pullin | w-2 managing employee | 2017-09 | ||
| Robert Segin | corporate officer | 1984-02 | ||
| Robert Segin | w-2 managing employee | 2007-01 | ||
| Virtua Health , Inc | 5% or greater direct ownership interest | 2008-01 |
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 |