Bergen New Bridge Medical Center
Paramus, Bergen County, NJ
· CCN 310058
Licensed to Bergen County Improvement Authority
Composite
56.5
rank score
Distress
66
FY2023
Fit
67
vs thesis
Estimated ticket
$45.5M–$182M
107 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin under 2%
- under 30 days cash on hand
- current ratio under 1.5
- liabilities exceed assets
- occupancy 30-45%
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- thin occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $166M |
| Operating margin | -86.0% |
| Total margin | 0.8% |
| Days cash on hand | 8 |
| Current ratio | 1.01 |
| Occupancy | 44% |
Facility
| Beds | 107 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 127 | $158M | $1.6M | -60.8% | 0.6% | 38 | 1.11 | 41% | 4,339 | 68 |
| 2021 | 127 | $189M | $2.6M | -46.8% | 0.9% | 52 | 0.87 | 37% | 4,260 | 73 |
| 2022 | 101 | $187M | $3.0M | -39.4% | 1.1% | 13 | 1.01 | 50% | 4,565 | 70 |
| 2023 | 107 | $166M | $2.6M | -86.0% | 0.8% | 8 | 1.01 | 44% | 4,452 | 66 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bergen County Improvement Authority | operational/managerial control | 2017-10 | ||
| Care Pus Bergen, Inc | operational/managerial control | 2017-10 | ||
| Deborah Visconi | contracted managing employee | 2017-10 | ||
| Deborah Visconi | corporate officer | 2017-10 | ||
| Deborah Visconi | w-2 managing employee | 2017-10 | ||
| Deborah Visconi | operational/managerial control | 2017-10 | ||
| Elena Picinic | contracted managing employee | 2021-03 | ||
| Elena Picinic | corporate director | 2021-03 | ||
| Elena Picinic | w-2 managing employee | 2021-03 | ||
| Elena Picinic | operational/managerial control | 2021-03 | ||
| Karina Lemond | contracted managing employee | 2021-03 | ||
| Karina Lemond | corporate officer | 2021-03 | ||
| Karina Lemond | w-2 managing employee | 2021-03 | ||
| Karina Lemond | operational/managerial control | 2021-03 | ||
| Kathryn Richardson | contracted managing employee | 2017-10 | ||
| Kathryn Richardson | corporate officer | 2017-10 | ||
| Kathryn Richardson | w-2 managing employee | 2017-10 | ||
| Kathryn Richardson | operational/managerial control | 2017-10 | ||
| Mauro Raguseo | contracted managing employee | 2015-02 | ||
| Mauro Raguseo | corporate officer | 2015-02 | ||
| Mauro Raguseo | w-2 managing employee | 2015-02 | ||
| Mauro Raguseo | operational/managerial control | 2015-02 | ||
| Ralph Iadarola | contracted managing employee | 2020-07 | ||
| Ralph Iadarola | corporate officer | 2020-07 | ||
| Ralph Iadarola | w-2 managing employee | 2020-07 |
Showing 25 of 30. Full list via /api/targets/310058.
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 |