Robert Wood Johnson University Hospi
dba Robert Wood Johnson University Hospital ·
New Brunswick, Middlesex County, NJ
· CCN 310038
Licensed to Robert Wood Johnson University Hospital, Inc
Composite
21.4
rank score
Distress
70
FY2023
Fit
55
vs thesis
Estimated ticket
$220M–$882M
630 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- margin deteriorating sharply
- 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 | $1.5B |
| Operating margin | -18.0% |
| Total margin | -12.4% |
| Days cash on hand | 0 |
| Current ratio | 1.76 |
| Occupancy | 87% |
Facility
| Beds | 630 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 624 | $1.1B | $22.0M | -9.9% | 1.8% | 0 | 3.67 | 74% | 28,275 | 48 |
| 2021 | 639 | $1.3B | $25.8M | -1.5% | 1.9% | 0 | 3.57 | 81% | 32,842 | 41 |
| 2022 | 639 | $1.4B | $-1.5M | -4.0% | -0.1% | 0 | 2.51 | 90% | 33,735 | 46 |
| 2023 | 630 | $1.5B | $-197M | -18.0% | -12.4% | 0 | 1.76 | 87% | 34,646 | 70 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Rwj Barnabas Health Inc | operational/managerial control | 100 | 2016-04 | |
| James Alexander | corporate officer | 2019-01 | ||
| Mark Manigan | corporate officer | 2023-01 | ||
| Richard Henwood | w-2 managing employee | 2016-04 | ||
| Richard Henwood | operational/managerial control | 2016-04 |
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 |