Hmh -Ocean University Medical Center
dba Ocean University Medical Center ·
Brick, Ocean County, NJ
· CCN 310052
Licensed to Hmh Hospitals Corporation
Composite
44.0
rank score
Distress
40
FY2023
Fit
65
vs thesis
Estimated ticket
$156M–$626M
313 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- under 30 days cash on hand
- margin deteriorating
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size well above the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $531M |
| Operating margin | -0.2% |
| Total margin | 2.9% |
| Days cash on hand | 1 |
| Current ratio | 1.69 |
| Occupancy | 74% |
Facility
| Beds | 313 |
| 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 | 315 | $391M | $22.7M | -2.8% | 5.4% | 10 | 1.28 | 62% | 13,788 | 41 |
| 2021 | 315 | $449M | $-73.0M | -0.1% | -19.4% | 3 | 0.90 | 69% | 15,968 | 63 |
| 2022 | 329 | $466M | $45.4M | -3.9% | 8.6% | 3 | 1.45 | 65% | 14,991 | 41 |
| 2023 | 313 | $531M | $15.8M | -0.2% | 2.9% | 1 | 1.69 | 74% | 15,699 | 40 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Hackensack Meridian Health Inc | 5% or greater direct ownership interest | 100 | 2018-01 | |
| Andria Schneiderman | corporate director | 2018-01 | ||
| Christopher Rotio | corporate director | 2021-10 | ||
| Edward Piccinich | corporate director | 2018-01 | ||
| Frank Vuono | corporate director | 2023-01 | ||
| Gloria Martini | corporate director | 2018-01 | ||
| James Derosa | corporate officer | 2023-01 | ||
| John Wilcha | corporate director | 2018-01 | ||
| Kathryn Gibbons | corporate officer | 2022-09 | ||
| Lisa Casale | corporate director | 2026-01 | ||
| Luke Kealy | corporate director | 2018-01 | ||
| Marie Glover | corporate director | 2026-02 | ||
| Mark Sparta | corporate director | 2025-07 | ||
| Mark Sparta | w-2 managing employee | 2025-07 | ||
| Marvin Goldstein | corporate director | 2018-01 | ||
| Praful Raja | corporate director | 2021-10 | ||
| Pranaychandra Vaidya | corporate director | 2018-01 | ||
| Richard Hand | corporate officer | 2023-01 | ||
| Richard Henning | corporate director | 2023-01 | ||
| Robert Garrett | corporate director | 2023-01 | ||
| Rosemarie Sorce | corporate director | 2023-01 | ||
| Shawn Reynolds | corporate director | 2023-01 | ||
| Thomas Lake | corporate director | 2018-01 | ||
| Walter Wynkoop | corporate director | 2018-01 | ||
| William Lawless | corporate director | 2018-01 |
Showing 25 of 26. Full list via /api/targets/310052.
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2018-01-01 | change of ownership | Hmh Hospitals Corporation | Meridian Hospitals Corporation |
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 |