Monmouth Medical Center
Long Branch, Ocean County, NJ
· CCN 310075
Licensed to Monmouth Medical Center, Inc
Composite
37.4
rank score
Distress
20
FY2023
Fit
71
vs thesis
Estimated ticket
$118M–$470M
235 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size at the top of the envelope — would need leverage
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $533M |
| Operating margin | 6.0% |
| Total margin | 9.8% |
| Days cash on hand | 0 |
| Current ratio | 2.59 |
| Occupancy | 73% |
Facility
| Beds | 235 |
| 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 | 240 | $382M | $20.0M | -8.5% | 4.6% | 0 | 2.81 | 66% | 13,393 | 44 |
| 2021 | 228 | $441M | $3.4M | -4.0% | 0.7% | 0 | 2.45 | 76% | 20,344 | 41 |
| 2022 | 240 | $449M | $-28.9M | -10.8% | -6.2% | 0 | 2.48 | 68% | 20,140 | 62 |
| 2023 | 235 | $533M | $54.2M | 6.0% | 9.8% | 0 | 2.59 | 73% | 20,772 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Eric Carney | corporate officer | 2019-01 | ||
| Mark Manigan | corporate officer | 2023-01 | ||
| Nikolas Alexiades | corporate officer | 2019-01 | ||
| Richard Henwood | w-2 managing employee | 2013-01 | ||
| Rwj Barnabas Health Inc | operational/managerial control | 1996-06 |
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 |