Mountainside Hospital
dba Hackensack Meridian Health, Mountainside Medical Center ·
Montclair, Essex County, NJ
· CCN 310054
Licensed to Montclair Hospital Llc
Composite
29.5
rank score
Distress
2
FY2023
Fit
71
vs thesis
Estimated ticket
$96.5M–$386M
193 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- occupancy 45-60%
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size at the top of the envelope — would need leverage
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $335M |
| Operating margin | 15.4% |
| Total margin | 17.4% |
| Days cash on hand | — |
| Current ratio | 1.82 |
| Occupancy | 56% |
Facility
| Beds | 193 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| 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 | 185 | $244M | $33.5M | 3.6% | 12.5% | — | 0.27 | 58% | 9,399 | 20 |
| 2021 | 185 | $283M | $57.0M | 15.9% | 19.3% | — | 0.42 | 62% | 9,216 | 17 |
| 2022 | 184 | $306M | $43.6M | 11.3% | 13.8% | — | 0.47 | 58% | 8,661 | 20 |
| 2023 | 193 | $335M | $60.0M | 15.4% | 17.4% | — | 1.82 | 56% | 8,821 | 2 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ahs Management Company Inc. | operational/managerial control | 100 | 2019-01 | |
| Richard Haun | w-2 managing employee | 100 | 2021-09 | |
| Ahp Health Partners, Inc | 5% or greater indirect ownership interest | 80 | 2017-03 | |
| Ardent Health Inc | 5% or greater indirect ownership interest | 80 | 2017-03 | |
| Ardent Legacy Holdings Llc | 5% or greater indirect ownership interest | 80 | 2017-03 | |
| Lhp Hospital Group, Inc. | 5% or greater indirect ownership interest | 80 | 2012-07 | |
| Lhp Montclair Llc | 5% or greater indirect ownership interest | 80 | 2012-07 | |
| Lhp Operations Co Llc | 5% or greater indirect ownership interest | 80 | 2012-07 | |
| Montclair Health System Llc | 5% or greater direct ownership interest | 80 | 2012-07 | |
| Hmh Hospitals Corporation | 5% or greater direct ownership interest | 2014-02 | ||
| Martin Bonick | corporate officer | 2020-08 | ||
| Mary Crabtree | corporate officer | 2017-03 | ||
| Richard Haun | corporate officer | 2017-03 | ||
| Stephen Petrovich | corporate officer | 2017-03 |
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 |