Northbrook Behavioral Health Hospita
dba Northbrook Behavioral Health Hospital Llc ·
Blackwood, Camden County, NJ
· CCN 314018
Licensed to Elmwood Hills Healthcare Center Llc
Composite
57.4
rank score
Distress
52
FY2023
Fit
85
vs thesis
Estimated ticket
$36.9M–$148M
158 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin below -10%
- total margin negative
- under 30 days cash on hand
- 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
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $44.9M |
| Operating margin | -81.2% |
| Total margin | -0.4% |
| Days cash on hand | 3 |
| Current ratio | 1.57 |
| Occupancy | 93% |
Facility
| Beds | 158 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $234K |
| Per-bed (high) | $935K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 158 | $43.7M | $-5.0M | -75.2% | -7.0% | 9 | 1.83 | 94% | 2,544 | 62 |
| 2021 | 158 | $45.3M | $489K | -70.5% | 0.6% | 4 | 2.00 | 96% | 1,649 | 53 |
| 2022 | 158 | $41.7M | $-2.9M | -99.0% | -3.6% | 0 | 1.74 | 89% | 1,596 | 62 |
| 2023 | 158 | $44.9M | $-316K | -81.2% | -0.4% | 3 | 1.57 | 93% | 1,648 | 52 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Manufacturers & Traders Trust Company | 5% or greater mortgage interest | 95 | 2014-04 | |
| Simon Shain | w-2 managing employee | 75 | 2016-05 | |
| Avraham Feigenbaum | 5% or greater direct ownership interest | 34 | 2014-04 | |
| Deborah Feigenbaum | 5% or greater direct ownership interest | 34 | 2014-04 | |
| Zalman Drew | 5% or greater direct ownership interest | 20 | 2014-04 | |
| Mdf Family 2015 Trust | 5% or greater direct ownership interest | 15 | 2016-12 | |
| Avrohom Maierovits | 5% or greater direct ownership interest | 8 | 2014-04 |
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 |