Inspira Medical Center Vineland
Vineland, Cumberland County, NJ
· CCN 310032
Licensed to Inspira Medical Centers Inc
Composite
59.0
rank score
Distress
69
FY2023
Fit
70
vs thesis
Estimated ticket
$119M–$476M
280 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio under 1.5
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- 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 | $537M |
| Operating margin | -14.9% |
| Total margin | -5.0% |
| Days cash on hand | 18 |
| Current ratio | 1.35 |
| Occupancy | 79% |
Facility
| Beds | 280 |
| 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 | 280 | $446M | $23.1M | -5.5% | 4.7% | 140 | 1.30 | 74% | 15,235 | 30 |
| 2021 | 280 | $499M | $11.4M | -2.8% | 2.2% | 98 | 1.38 | 80% | 15,668 | 23 |
| 2022 | 280 | $505M | $-34.3M | -12.0% | -6.4% | 41 | 1.43 | 76% | 14,309 | 60 |
| 2023 | 280 | $537M | $-29.4M | -14.9% | -5.0% | 18 | 1.35 | 79% | 14,534 | 69 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Amy Mansue | corporate officer | 100 | 2020-09 | |
| Amy Mansue | w-2 managing employee | 100 | 2020-09 | |
| Amy Mansue | operational/managerial control | 100 | 2020-09 | |
| Inspira Health Network Inc | 5% or greater direct ownership interest | 100 | 2013-05 | |
| James O'connell | w-2 managing employee | 100 | 2008-04 | |
| Jeffrey Smaniotto | w-2 managing employee | 100 | 2023-07 | |
| Lydia Stockman | corporate officer | 100 | 2023-01 | |
| Lydia Stockman | w-2 managing employee | 100 | 2023-01 | |
| Lydia Stockman | operational/managerial control | 100 | 2023-01 | |
| Owen Giryluk | w-2 managing employee | 100 | 2020-01 | |
| Warren Moore | corporate officer | 100 | 2021-07 | |
| Warren Moore | w-2 managing employee | 100 | 2021-07 | |
| Warren Moore | operational/managerial control | 100 | 2021-07 | |
| William Pelino | corporate officer | 100 | 2023-02 | |
| William Pelino | w-2 managing employee | 100 | 2023-02 | |
| William Pelino | operational/managerial control | 100 | 2023-02 |
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 |