Kennedy University Hospital
Cherry Hill, Camden County, NJ
· CCN 310086
Licensed to Kennedy University Hospital, Inc
Composite
12.9
rank score
Distress
23
FY2024
Fit
55
vs thesis
Estimated ticket
$273M–$1.1B
546 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- 60-90 days cash on hand
- 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 · FY2024
| Net patient revenue | $772M |
| Operating margin | -0.1% |
| Total margin | 7.4% |
| Days cash on hand | 78 |
| Current ratio | 4.21 |
| Occupancy | 61% |
Facility
| Beds | 546 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 506 | $644M | $-6.7M | -6.9% | -1.0% | 197 | 2.91 | 64% | 24,894 | 30 |
| 2022 | 546 | $696M | $19.8M | -1.1% | 2.7% | 82 | 2.49 | 63% | 25,430 | 26 |
| 2023 | 546 | $724M | $-2.2M | -8.5% | -0.3% | 50 | 3.10 | 62% | 24,777 | 47 |
| 2024 | 546 | $772M | $61.4M | -0.1% | 7.4% | 78 | 4.21 | 61% | 26,579 | 23 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jefferson Health Corporation | 5% or greater direct ownership interest | 100 | 2024-06 | |
| Thomas Jefferson University | 5% or greater indirect ownership interest | 100 | 2017-09 | |
| Aaron Chang | corporate officer | 2024-07 | ||
| Aaron Chang | w-2 managing employee | 2024-07 | ||
| Alexander Sharnoff | corporate officer | 2023-07 | ||
| Bruce Paprone | corporate officer | 2015-01 | ||
| Cristina Cavalieri | corporate officer | 2022-07 | ||
| John Silvestri | corporate officer | 2015-01 | ||
| Robert Thomas | corporate officer | 2025-07 | ||
| Timothy Maccracken | corporate officer | 2025-02 |
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 |