Newton Medical Center
Newton, Sussex County, NJ
· CCN 310028
Licensed to Ahs Hospital Corp
Composite
58.7
rank score
Distress
61
FY2023
Fit
78
vs thesis
Estimated ticket
$59.1M–$236M
139 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $194M |
| Operating margin | -9.1% |
| Total margin | -5.0% |
| Days cash on hand | 29 |
| Current ratio | 5.99 |
| Occupancy | 73% |
Facility
| Beds | 139 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 130 | — | $-191M | — | — | 1,598 | 3.82 | 70% | 7,202 | 0 |
| 2021 | 139 | $192M | $6.0M | 1.7% | 3.1% | 6 | 3.82 | 74% | 7,930 | 29 |
| 2022 | 139 | $189M | $-4.5M | -6.7% | -2.3% | 16 | 3.83 | 76% | 7,676 | 52 |
| 2023 | 139 | $194M | $-10.1M | -9.1% | -5.0% | 29 | 5.99 | 73% | 6,801 | 61 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Joseph Walter | corporate officer | 100 | 2022-09 | |
| Joseph Walter | w-2 managing employee | 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 |