dealflow
envelope $200M

← Targets

Bacharach Institute For Rehabilitati

Pomona, Atlantic County, NJ · CCN 313030

Composite
64.7
rank score
Distress
85
FY2023
Fit
66
vs thesis
Estimated ticket
$18.2M–$72.8M
80 beds · within envelope
Ownership
nonprofit
RH

Why it ranks here

  • operating margin below -10%
  • total margin below -8%
  • 30-60 days cash on hand
  • current ratio below 0.8
  • occupancy below 30%
  • margin deteriorating sharply
  • urban — higher occupancy and iteration surface
  • specialty facility — narrower problem scope
  • bed count in the target band
  • ticket size somewhat below the envelope
  • very low occupancy — limited volume to learn from
  • nonprofit — expect AG conversion review

Latest financials · FY2023

Net patient revenue$2.7M
Operating margin -204.7%
Total margin -94.8%
Days cash on hand 50
Current ratio 0.66
Occupancy10%

Facility

Beds80
Facility typeRH
Settingurban
Ownership classnonprofit
Per-bed (low) $228K
Per-bed (high) $910K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 52 $26.8M $-5.0M -69.8% -12.2% 33 1.25 51% 602 67
2021 80 $26.9M $-1.1M -39.1% -3.0% 29 1.18 39% 703 71
2022 80 $25.8M $-6.0M -54.4% -17.9% 10 0.93 35% 663 81
2023 80 $2.7M $-4.1M -204.7% -94.8% 50 0.66 10% 54 85

Owners

No ownership records — CMS has no owner filings mapped to this CCN.

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.

DateBuyerSellerHospitalBeds
2023-02-01 Lawrence Operator Llc Morris Hall St Lawrence Inc Lawrence Rehab Hospital 60
2016-11-01 Kessler Institute For Rehabilitation Inc 92 Brick Road Operating Company Llc Marlton Rehab Hospital 61