Hmh Carrier Clinic
dba Hackensack Meridian Health Carrier Clinic ·
Belle Mead, Somerset County, NJ
· CCN 314012
Licensed to Hmh Carrier Behavioral Health Inc
Composite
53.5
rank score
Distress
46
FY2023
Fit
82
vs thesis
Estimated ticket
$63.8M–$255M
232 beds ·
within envelope
Ownership
nonprofit
PH
Why it ranks here
- operating margin -10% to -5%
- total margin under 2%
- under 30 days cash on hand
- margin slipping
- 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 | $88.7M |
| Operating margin | -6.3% |
| Total margin | 1.0% |
| Days cash on hand | 2 |
| Current ratio | 12.13 |
| Occupancy | 67% |
Facility
| Beds | 232 |
| Facility type | PH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $275K |
| Per-bed (high) | $1.1M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 212 | $80.4M | $2.2M | -8.8% | 2.3% | 36 | 1.11 | 77% | 4,377 | 42 |
| 2021 | 224 | $80.7M | $18.5M | -16.1% | 15.6% | 11 | 1.00 | 63% | 3,602 | 53 |
| 2022 | 232 | $77.6M | $9.9M | -14.8% | 10.3% | 3 | 5.60 | 59% | 2,982 | 52 |
| 2023 | 232 | $88.7M | $953K | -6.3% | 1.0% | 2 | 12.13 | 67% | 3,535 | 46 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Hackensack Meridian Health Inc | 5% or greater indirect ownership interest | 100 | 2019-01 | |
| Hmh Hospitals Corporation | 5% or greater direct ownership interest | 100 | 2021-04 | |
| Caryl Kourgelis | corporate director | 2025-02 | ||
| James Derosa | corporate officer | 2023-12 | ||
| Kenneth Esser | corporate officer | 2025-04 | ||
| Kenneth Esser | corporate director | 2025-04 | ||
| Kenneth Esser | w-2 managing employee | 2025-04 | ||
| Lawrence Inserra | corporate director | 2025-02 | ||
| Richard Hand | corporate officer | 2023-12 | ||
| Rosemarie Sorce | corporate director | 2025-02 | ||
| Susan Hassmiller | corporate director | 2025-02 |
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 |