Ramapo Ridge Psychiatric
dba Ramapo Ridge Psychiatric Hospital ·
Wyckoff, Bergen County, NJ
· CCN 314019
Licensed to Christian Health Care Center
Composite
55.8
rank score
Distress
60
FY2023
Fit
72
vs thesis
Estimated ticket
$13.6M–$54.2M
58 beds ·
within envelope
Ownership
nonprofit
PH
Why it ranks here
- operating margin below -10%
- total margin negative
- 60-90 days cash on hand
- current ratio below 0.8
- debt above 70% of assets
- margin slipping
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $88.9M |
| Operating margin | -27.7% |
| Total margin | -0.0% |
| Days cash on hand | 63 |
| Current ratio | 0.35 |
| Occupancy | 71% |
Facility
| Beds | 58 |
| Facility type | PH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 | 58 | $73.4M | $1.2M | -14.6% | 1.4% | 58 | 0.83 | 69% | 1,001 | 61 |
| 2021 | 58 | $74.7M | $2.0M | -27.7% | 2.1% | 66 | 0.35 | 73% | 899 | 59 |
| 2022 | 58 | $78.4M | $3.0M | -34.4% | 2.8% | 57 | 0.36 | 71% | 795 | 62 |
| 2023 | 58 | $88.9M | $-12.2K | -27.7% | -0.0% | 63 | 0.35 | 71% | 848 | 60 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Kevin Stagg | operational/managerial control | 50 | 2012-11 | |
| Kevin Stagg | 5% or greater direct ownership interest | 5 | 2002-11 | |
| Craig Hoogstra | other | 2011-01 | ||
| Daniel Grimm | other | 2011-01 | ||
| Douglas Struyk | corporate officer | 1994-07 | ||
| Gary Lenderink | other | 2011-01 | ||
| Gordon Meyer | other | 2011-01 | ||
| Henry Driesse | other | 2011-01 | ||
| Kevin Stagg | corporate officer | 1997-11 | ||
| Kevin Stagg | w-2 managing employee | 1997-11 | ||
| Mark Reitsma | other | 2011-01 | ||
| Rick Debel | other | 2011-01 | ||
| Roger Steiginga | other | 2011-01 | ||
| Ruth Knyfd | other | 2011-01 | ||
| Sandra Deyoung | other | 2011-01 |
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 |