Essex County Hospital Center
Cedar Grove, Essex County, NJ
· CCN 314020
Licensed to County Of Essex
Composite
31.6
rank score
Distress
0
FY2023
Fit
79
vs thesis
Estimated ticket
$49.5M–$198M
180 beds ·
within envelope
Ownership
government
PH
Why it ranks here
- 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
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $53.7M |
| Operating margin | 6.9% |
| Total margin | 22.4% |
| Days cash on hand | — |
| Current ratio | — |
| Occupancy | 88% |
Facility
| Beds | 180 |
| Facility type | PH |
| Setting | urban |
| Ownership class | government |
| 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 | 180 | $39.4M | — | -41.2% | — | — | — | 88% | 122 | — |
| 2021 | 180 | $39.4M | — | -28.3% | — | — | — | 85% | 126 | — |
| 2022 | 180 | $39.4M | $1.6M | -25.5% | 3.2% | — | — | 88% | 117 | 52 |
| 2023 | 180 | $53.7M | $14.4M | 6.9% | 22.4% | — | — | 88% | 138 | 0 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Frank Delgaudio | corporate director | 2013-07 | ||
| Frank Delgaudio | operational/managerial control | 2013-07 |
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 |