Virtua Mount Holly Hospital
Mt. Holly, Burlington County, NJ
· CCN 310057
Licensed to Virtua - Memorial Hospital Burlington County, Inc.
Composite
34.7
rank score
Distress
22
FY2023
Fit
62
vs thesis
Estimated ticket
$156M–$624M
312 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- occupancy 45-60%
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size well above the envelope
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $408M |
| Operating margin | 5.8% |
| Total margin | 18.1% |
| Days cash on hand | 1 |
| Current ratio | 2.12 |
| Occupancy | 57% |
Facility
| Beds | 312 |
| 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 | 317 | $308M | $-39.8M | -9.6% | -13.9% | 1 | 1.06 | 58% | 15,011 | 67 |
| 2021 | 312 | $350M | $70.8M | 2.4% | 17.8% | 1 | 0.96 | 59% | 15,680 | 33 |
| 2022 | 312 | $372M | $38.7M | 2.5% | 9.1% | 1 | 2.28 | 60% | 15,221 | 24 |
| 2023 | 312 | $408M | $80.8M | 5.8% | 18.1% | 1 | 2.12 | 57% | 15,194 | 22 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Virtua Health , Inc | 5% or greater direct ownership interest | 100 | 2010-01 | |
| Dennis Pullin | corporate officer | 2017-09 | ||
| Dennis Pullin | w-2 managing employee | 2017-09 | ||
| Robert Segin | corporate director | 2010-01 | ||
| Robert Segin | w-2 managing employee | 1984-02 |
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 |