Cornerstone Behavioral Health Hospit
dba Mountainview Behavioral Hospital ·
Berkeley Heights, Union County, NJ
· CCN 314027
Licensed to Runnells Bh Operating Llc
Already transacted. CMS recorded an ownership change effective
2024-10-15. Confirm the current owner before spending a call on this.
Composite
21.5
rank score
Distress
75
FY2023
Fit
69
vs thesis
Estimated ticket
$8.5M–$33.9M
44 beds ·
within envelope
Ownership
government
PH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- small but workable bed count
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- government-owned — public process likely
- changed ownership 2024-10-15 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $16.9M |
| Operating margin | -18.8% |
| Total margin | -7.4% |
| Days cash on hand | — |
| Current ratio | — |
| Occupancy | 81% |
Facility
| Beds | 44 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 44 | $9.4M | — | -85.7% | — | — | — | 57% | 169 | — |
| 2021 | 44 | $14.1M | — | -18.3% | — | — | — | 66% | 237 | — |
| 2022 | 44 | $18.2M | — | -3.8% | — | — | — | 76% | 165 | — |
| 2023 | 44 | $16.9M | $-1.4M | -18.8% | -7.4% | — | — | 81% | 203 | 75 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Avraham Rosenberg | 5% or greater direct ownership interest | 50 | 2024-10 | |
| Avraham Rosenberg | operational/managerial control | 50 | 2024-10 | |
| Zvi Rosenberg | 5% or greater direct ownership interest | 50 | 2024-10 | |
| Zvi Rosenberg | operational/managerial control | 50 | 2024-10 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-10-15 | change of ownership | Runnells Bh Operating Llc | County Of Union |
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 |