Hoboken University Medical Center
dba Hoboken University Hospital ·
Hoboken, NJ
· CCN 310040
Licensed to Humc Opco Llc
Composite
64.9
rank score
Distress
82
FY2023
Fit
70
vs thesis
Estimated ticket
$39.9M–$160M
114 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 liabilities exceed current assets
- debt above 85% of assets
- occupancy 30-45%
- margin deteriorating
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $133M |
| Operating margin | -40.0% |
| Total margin | -7.9% |
| Days cash on hand | 2 |
| Current ratio | 0.92 |
| Occupancy | 39% |
Facility
| Beds | 114 |
| 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 | 117 | $152M | $-9.9M | -24.9% | -5.5% | 25 | 1.49 | 51% | 3,860 | 68 |
| 2021 | 114 | $152M | $3.0M | -23.1% | 1.6% | 47 | 1.59 | 47% | 3,718 | 50 |
| 2022 | 114 | $134M | $-25.5M | -48.9% | -14.7% | 34 | 1.32 | 43% | 3,195 | 70 |
| 2023 | 114 | $133M | $-13.7M | -40.0% | -7.9% | 2 | 0.92 | 39% | 3,120 | 82 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Carepoint Health System, Inc | 5% or greater direct ownership interest | 100 | 2022-07 | |
| Christopher Dalton | corporate director | 100 | 2025-02 | |
| Christopher Dalton | operational/managerial control | 100 | 2025-02 | |
| Frank Rodriguez | corporate director | 100 | 2021-01 |
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 |