St. Lukes Hospital
dba St Lukes Hospital -Allentown Campus ·
Bethlehem, Lehigh County, PA
· CCN 390049
Licensed to St Luke's Hospital
Composite
35.1
rank score
Distress
17
FY2024
Fit
68
vs thesis
Estimated ticket
$66.7M–$133M
667 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- 90-150 days cash on hand
- current ratio under 1.5
- margin deteriorating sharply
- rural — cheaper but limited density
- very large — likely out of range
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $1.3B |
| Operating margin | 11.4% |
| Total margin | 19.5% |
| Days cash on hand | 93 |
| Current ratio | 1.43 |
| Occupancy | 69% |
Facility
| Beds | 667 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 669 | $970M | $291M | 17.8% | 28.7% | 214 | 1.36 | 71% | 29,428 | 3 |
| 2022 | 665 | $1.2B | $258M | 15.7% | 20.7% | 136 | 1.42 | 78% | 32,609 | 8 |
| 2023 | 633 | $8.9B | $7.9B | 87.9% | 88.2% | 90 | 1.28 | 72% | 31,870 | 13 |
| 2024 | 667 | $1.3B | $266M | 11.4% | 19.5% | 93 | 1.43 | 69% | 30,743 | 17 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Richard Anderson | corporate officer | 100 | 1986-12 | |
| Richard Anderson | corporate director | 100 | 1986-12 | |
| Richard Anderson | w-2 managing employee | 100 | 1986-12 | |
| St Luke's Health Network Inc | 5% or greater direct ownership interest | 100 | 1966-05 | |
| Robert Wax | corporate officer | 2021-11 | ||
| Robert Wax | corporate director | 2025-06 | ||
| Robert Wax | w-2 managing employee | 2021-11 | ||
| Scott Wolfe | corporate director | 2022-03 | ||
| Scott Wolfe | w-2 managing employee | 2022-03 |
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 PA
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 |
|---|---|---|---|---|
| 2025-01-21 | Tenor Health Foundation Sharon, Llc | Steward Sharon Regional Health System, Inc. | Sharon Regional Health System | 141 |
| 2023-09-02 | Chh Community Health | Chestnut Hill Hospital Llc | Chestnut Hill Hospital | 128 |
| 2023-07-01 | Valley Medical Facilities Inc | Valley Medical Facilities Inc | Heritage Valley Sewickley | 220 |
| 2022-05-09 | Lehigh Valley Hospital | Lehigh Valley Hospital -... | Lehigh Valley | 1,216 |
| 2021-07-01 | Dubois Regional Medical Center | Clearfield Hospital | Dubois Regional Medical Center | 261 |
| 2021-06-14 | Avenues Recovery Medical Center At... | Valley Forge Medical Center &... | Valley Forge Medical Center | 70 |
| 2021-01-01 | Robert Packer Hospital | Guthrie Towanda Memorial Hospital | Robert Packer Hospital | 252 |
| 2020-07-01 | St. Luke's Hospital- Easton Campus | Steward Easton Hospital, Inc | St Lukes Hospital - Easton Campus | 29 |
| 2018-05-26 | Lehigh Valley Hospital - Schuylkill | Schuylkill Medical Center - East... | Lehigh Valley Hospital - Schuylkill | 118 |
| 2017-07-01 | Upmc Carlisle | Carlisle Hma Llc | Upmc Carlisle | 66 |