Ancora Psychiatric Hospital
dba Ancora Pyschiatric Hospital ·
Ancora, Camden County, NJ
· CCN 314005
Licensed to State Of New Jersey Omb Centralized Payroll
Composite
64.8
rank score
Distress
90
FY2024
Fit
61
vs thesis
Estimated ticket
$99.1M–$397M
515 beds ·
within envelope
Ownership
government
PH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- very large — likely out of range
- ticket size at the top of the envelope — would need leverage
- moderate occupancy
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $6.8M |
| Operating margin | -1,740.6% |
| Total margin | -1,740.6% |
| Days cash on hand | — |
| Current ratio | — |
| Occupancy | 57% |
Facility
| Beds | 515 |
| Facility type | PH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $192K |
| Per-bed (high) | $770K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 515 | $8.8M | $-115M | -1,313.0% | -1,313.0% | — | — | 60% | 89 | 88 |
| 2022 | 515 | $7.2M | $-107M | -1,494.9% | -1,494.9% | — | — | 59% | 115 | 88 |
| 2023 | 515 | $8.3M | $-107M | -1,290.9% | -1,290.9% | — | — | 59% | 87 | 88 |
| 2024 | 515 | $6.8M | $-118M | -1,740.6% | -1,740.6% | — | — | 57% | 170 | 90 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Allen Masry | corporate director | 2013-07 | ||
| Catherine Malone | w-2 managing employee | 2003-05 | ||
| Cynthia Vetrano | w-2 managing employee | 2005-03 | ||
| Joy Korngut | w-2 managing employee | 2018-08 | ||
| Kimberly Gardiner | w-2 managing employee | 2018-11 | ||
| Satya Vatti | operational/managerial control | 2017-10 |
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 |
|---|---|---|---|---|
| 2024-10-15 | Runnells Bh Operating Llc | County Of Union | Cornerstone Behavioral Health Hospit | 44 |