Trenton Psychiatric Hospital
W. Trenton, Mercer County, NJ
· CCN 314013
Licensed to State Of New Jersey Omb Centralized Payroll
Composite
70.0
rank score
Distress
86
FY2024
Fit
78
vs thesis
Estimated ticket
$77.0M–$308M
400 beds ·
within envelope
Ownership
government
PH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- large — ticket likely stretches the envelope
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $1.9M |
| Operating margin | -5,412.8% |
| Total margin | -5,412.8% |
| Days cash on hand | — |
| Current ratio | — |
| Occupancy | 78% |
Facility
| Beds | 400 |
| 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 | 400 | $2.7M | $-96.2M | -3,617.2% | -3,617.2% | — | — | 81% | 64 | 83 |
| 2022 | 400 | $354K | $-97.4M | -27,486.9% | -27,486.9% | — | — | 75% | 55 | 83 |
| 2023 | 400 | $3.9M | $-93.7M | -2,401.4% | -2,401.4% | — | — | 75% | 43 | 83 |
| 2024 | 400 | $1.9M | $-105M | -5,412.8% | -5,412.8% | — | — | 78% | 99 | 86 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Intikhab Ahmad | corporate director | 2019-01 | ||
| Intikhab Ahmad | w-2 managing employee | 2019-01 | ||
| James Hollen | corporate officer | 2021-11 | ||
| James Hollen | w-2 managing employee | 2021-11 | ||
| Jennifer Santora | w-2 managing employee | 2013-05 | ||
| Satya Vatti | w-2 managing employee | 2019-10 | ||
| Towana Wilkins | w-2 managing employee | 2019-12 |
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 |