Overlook Medical Center
Summit, Union County, NJ
· CCN 310051
Licensed to Ahs Hospital Corp
Composite
12.9
rank score
Distress
23
FY2023
Fit
55
vs thesis
Estimated ticket
$221M–$884M
442 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- 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 | $951M |
| Operating margin | 8.8% |
| Total margin | 11.1% |
| Days cash on hand | 3 |
| Current ratio | 94.04 |
| Occupancy | 62% |
Facility
| Beds | 442 |
| 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 | 450 | — | $-842M | — | — | 2,429 | 5.12 | 57% | 26,368 | 4 |
| 2021 | 458 | — | $-732M | — | — | — | — | 57% | 21,622 | — |
| 2022 | 440 | $880M | $102M | 8.9% | 11.3% | 3 | 13.26 | 60% | 21,270 | 22 |
| 2023 | 442 | $951M | $108M | 8.8% | 11.1% | 3 | 94.04 | 62% | 21,191 | 23 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Joseph Walter | corporate officer | 100 | 2022-09 | |
| Joseph Walter | w-2 managing employee | 100 | 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 |