Community Medical Center
Toms River, Ocean County, NJ
· CCN 310041
Licensed to Community Medical Center, Inc.
Composite
16.7
rank score
Distress
44
FY2023
Fit
55
vs thesis
Estimated ticket
$205M–$820M
410 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- total margin negative
- under 30 days cash on hand
- margin slipping
- 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 | $513M |
| Operating margin | -2.2% |
| Total margin | -0.5% |
| Days cash on hand | 0 |
| Current ratio | 4.76 |
| Occupancy | 81% |
Facility
| Beds | 410 |
| 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 | 424 | $366M | $4.8M | -11.6% | 1.2% | 0 | 5.47 | 66% | 18,918 | 53 |
| 2021 | 413 | $443M | $-4.2M | -4.6% | -0.9% | 0 | 4.07 | 77% | 23,278 | 46 |
| 2022 | 412 | $458M | $-28.9M | -8.7% | -6.1% | 0 | 5.22 | 76% | 21,611 | 57 |
| 2023 | 410 | $513M | $-2.7M | -2.2% | -0.5% | 0 | 4.76 | 81% | 23,416 | 44 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Aaron Hajart | corporate officer | 2026-01 | ||
| Mark Manigan | corporate officer | 2023-01 | ||
| Nikolas Alexiades | corporate officer | 2019-01 | ||
| Richard Henwood | w-2 managing employee | 2014-07 | ||
| Rwj Barnabas Health Inc | 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 |