Childrens Specialized Hopsital
Mountainside, Union County, NJ
· CCN 313300
Licensed to Children's Specialized Hospital
Composite
59.9
rank score
Distress
62
FY2023
Fit
80
vs thesis
Estimated ticket
$34.7M–$139M
68 beds ·
within envelope
Ownership
nonprofit
CH
Why it ranks here
- operating margin below -10%
- total margin negative
- under 30 days cash on hand
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- 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 | $165M |
| Operating margin | -14.8% |
| Total margin | -2.0% |
| Days cash on hand | 2 |
| Current ratio | 4.40 |
| Occupancy | 80% |
Facility
| Beds | 68 |
| Facility type | CH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $510K |
| 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 | 68 | $136M | $7.2M | -12.4% | 4.5% | 2 | 4.61 | 79% | 563 | 50 |
| 2021 | 68 | $145M | $5.4M | -13.7% | 3.2% | 3 | 4.73 | 79% | 560 | 50 |
| 2022 | 68 | $150M | $-3.1M | -18.1% | -1.8% | 3 | 4.60 | 80% | 525 | 58 |
| 2023 | 68 | $165M | $-3.7M | -14.8% | -2.0% | 2 | 4.40 | 80% | 533 | 62 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Beverly Norman-Thomas | w-2 managing employee | 2011-01 | ||
| Geri Ann Swenarton | corporate officer | 2024-05 | ||
| Rwj Barnabas Health Inc | operational/managerial control | 2016-04 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.