Capital Health Regional Medical Ctr
dba Capital Health Regional Medical Center ·
Trenton, Mercer County, NJ
· CCN 310092
Licensed to Capital Health System, Inc.
Composite
64.1
rank score
Distress
73
FY2023
Fit
78
vs thesis
Estimated ticket
$62.6M–$251M
179 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio under 1.5
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $510M |
| Operating margin | -13.5% |
| Total margin | -9.5% |
| Days cash on hand | 0 |
| Current ratio | 1.01 |
| Occupancy | 80% |
Facility
| Beds | 179 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 142 | $308M | $-6.2M | -15.5% | -1.8% | 0 | 0.69 | 83% | 6,479 | 71 |
| 2021 | 161 | $376M | $16.1M | -2.1% | 4.0% | 0 | 0.78 | 84% | 6,943 | 51 |
| 2022 | 162 | $430M | $1.7M | -3.2% | 0.4% | 0 | 1.09 | 84% | 7,029 | 44 |
| 2023 | 179 | $510M | $-50.4M | -13.5% | -9.5% | 0 | 1.01 | 80% | 7,885 | 73 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Deborah Visconti | w-2 managing employee | 2013-07 | ||
| Shane Fleming | corporate officer | 2012-01 | ||
| Shane Fleming | corporate director | 2012-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2022-12-21 | acquisition/merger | Capital Health System, Inc. | St. Francis Medical Center |
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 |