Virtua Willingboro Hospital
Willingboro, Burlington County, NJ
· CCN 310061
Licensed to Virtua Willingboro Hospital Inc
Composite
57.7
rank score
Distress
66
FY2023
Fit
70
vs thesis
Estimated ticket
$63.3M–$253M
149 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- debt above 70% of 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
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $121M |
| Operating margin | -3.6% |
| Total margin | -6.1% |
| Days cash on hand | 0 |
| Current ratio | 0.25 |
| Occupancy | 42% |
Facility
| Beds | 149 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 | 124 | $92.2M | $-21.2M | -20.3% | -23.7% | 1 | 0.23 | 58% | 4,442 | 90 |
| 2021 | 149 | $109M | $6.6M | 3.4% | 5.9% | 0 | 0.22 | 49% | 4,468 | 46 |
| 2022 | 149 | $114M | $2.9M | -0.1% | 2.4% | 0 | 0.22 | 50% | 4,537 | 58 |
| 2023 | 149 | $121M | $-7.2M | -3.6% | -6.1% | 0 | 0.25 | 42% | 4,378 | 66 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Our Lady Of Lourdes Health Care Services, Inc | 5% or greater direct ownership interest | 100 | 2015-10 | |
| Virtua Health , Inc | 5% or greater indirect ownership interest | 100 | 2019-07 | |
| Virtua Health , Inc | operational/managerial control | 100 | 2019-07 | |
| Dennis Pullin | corporate officer | 2019-07 | ||
| John Kirby | w-2 managing employee | 2022-01 | ||
| Robert Segin | corporate officer | 2019-07 |
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 |