Hudson Regional Hospital
dba Secaucus University Hospital ·
Secaucus, Hudson County, NJ
· CCN 310118
Licensed to Njmhmc, Llc
Composite
44.5
rank score
Distress
34
FY2023
Fit
73
vs thesis
Estimated ticket
$51.0M–$204M
102 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- current ratio under 1.5
- occupancy 30-45%
- margin deteriorating
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $176M |
| Operating margin | 4.7% |
| Total margin | 5.5% |
| Days cash on hand | 3 |
| Current ratio | 1.19 |
| Occupancy | 35% |
Facility
| Beds | 102 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| 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 | 102 | $120M | $11.9M | 10.5% | 9.9% | 15 | 1.05 | 36% | 3,198 | 36 |
| 2021 | 102 | $141M | $23.1M | 5.1% | 14.7% | 11 | 1.16 | 38% | 3,803 | 31 |
| 2022 | 102 | $153M | $8.6M | 2.4% | 5.3% | 2 | 1.33 | 38% | 3,805 | 31 |
| 2023 | 102 | $176M | $9.9M | 4.7% | 5.5% | 3 | 1.19 | 35% | 3,440 | 34 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Felicia Karsos | w-2 managing employee | 100 | 2018-01 | |
| Yan Moshe | 5% or greater direct ownership interest | 99 | 2016-04 | |
| Yan Moshe | limited partnership interest | 99 | 2018-01 | |
| Christopher Dalton | corporate director | 2019-05 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2018-01-01 | change of ownership | Njmhmc, Llc | Mha Llc |
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 |