Greystone Park Psych. Hospital
dba Greystone Park Psychiatric Hospital ·
Greystone Park, Morris County, NJ
· CCN 314016
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 | $3.7M |
| Operating margin | -3,412.2% |
| Total margin | -3,412.2% |
| Days cash on hand | — |
| Current ratio | — |
| Occupancy | 89% |
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 | 468 | $4.0M | $-104M | -2,604.6% | -2,604.6% | — | — | 73% | 98 | 83 |
| 2022 | 468 | $3.4M | $-108M | -3,202.3% | -3,202.3% | — | — | 74% | 90 | 83 |
| 2023 | 468 | $3.1M | $-113M | -3,661.6% | -3,661.6% | — | — | 77% | 69 | 83 |
| 2024 | 400 | $3.7M | $-126M | -3,412.2% | -3,412.2% | — | — | 89% | 120 | 86 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jack Frey | w-2 managing employee | 2010-01 | ||
| Satya Vatti | other | 2019-09 |
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 |