Atlanticare Regional Medical Center
Pomona, Atlantic County, NJ
· CCN 310064
Licensed to Atlanticare Regional Medical Center
Composite
17.3
rank score
Distress
47
FY2023
Fit
55
vs thesis
Estimated ticket
$266M–$1.1B
532 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- under 30 days cash on hand
- current ratio under 1.5
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $836M |
| Operating margin | -2.1% |
| Total margin | 13.6% |
| Days cash on hand | 14 |
| Current ratio | 1.27 |
| Occupancy | 64% |
Facility
| Beds | 532 |
| 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 | 540 | $378M | $157M | 1.8% | 29.8% | 98 | 0.68 | 67% | 13,628 | 24 |
| 2021 | 540 | $789M | $184M | 1.2% | 19.1% | 18 | 1.07 | 65% | 25,581 | 32 |
| 2022 | 532 | $791M | $-74.2M | 2.3% | -10.6% | 7 | 1.30 | 64% | 24,597 | 42 |
| 2023 | 532 | $836M | $134M | -2.1% | 13.6% | 14 | 1.27 | 64% | 25,885 | 47 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Atlanticare Health System, Inc. | operational/managerial control | 1993-01 | ||
| Brett Matik | corporate director | 2021-03 | ||
| David Goddard | corporate director | 2023-03 | ||
| Donna Michael-Ziereis | corporate director | 2023-03 | ||
| Eugene Arnone | corporate director | 2023-03 | ||
| Gina Merritt-Epps | corporate director | 2018-01 | ||
| Hak Kim | w-2 managing employee | 2014-05 | ||
| Javid Iqbal | corporate director | 2021-03 | ||
| Jennifer Tioseco | corporate director | 2023-03 | ||
| Kenneth Steinberg | corporate director | 2023-03 | ||
| Manuel Aponte | corporate director | 2013-03 | ||
| Margaret Sykes | corporate director | 2023-03 | ||
| Marissa Travaline | corporate director | 2021-03 | ||
| Michael Charlton | corporate director | 2023-03 | ||
| Michael Walsh | corporate director | 2021-03 | ||
| Pacifico Agnellini | corporate director | 2023-03 | ||
| Priyesh Thakkar | corporate director | 2023-03 | ||
| Rosalind Kincaid | corporate director | 2023-03 |
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 |