Lower Bucks Hospital
Bristol, Bucks County, PA
· CCN 390070
Licensed to Prime Healthcare Services Lower Bucks Llc
Composite
74.4
rank score
Distress
100
FY2023
Fit
74
vs thesis
Estimated ticket
$36.8M–$147M
105 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy below 30%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $62.8M |
| Operating margin | -14.2% |
| Total margin | -12.8% |
| Days cash on hand | 4 |
| Current ratio | 0.11 |
| Occupancy | 24% |
Facility
| Beds | 105 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 130 | $63.9M | $-1.2M | -10.4% | -1.8% | 6 | 0.12 | 20% | 2,605 | 91 |
| 2021 | 130 | $63.3M | $-8.7M | -15.9% | -13.4% | 7 | 0.11 | 22% | 2,900 | 100 |
| 2022 | 105 | $63.6M | $-7.9M | -14.7% | -12.0% | 4 | 0.10 | 24% | 2,912 | 100 |
| 2023 | 105 | $62.8M | $-8.1M | -14.2% | -12.8% | 4 | 0.11 | 24% | 2,907 | 100 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Prime Healthcare Services, Inc | 5% or greater direct ownership interest | 100 | 2012-08 | |
| Christopher Doan | corporate officer | 2017-04 | ||
| David Lim | corporate officer | 2017-04 | ||
| David Lim | w-2 managing employee | 2017-04 | ||
| Luis Leon | contracted managing employee | 2012-10 | ||
| Luis Leon | corporate officer | 2012-08 | ||
| Michael Motte | corporate officer | 2020-06 | ||
| Michael Motte | corporate director | 2020-06 | ||
| Michael Motte | w-2 managing employee | 2020-06 | ||
| Sonia Mehta | corporate officer | 2018-09 | ||
| Sonia Mehta | w-2 managing employee | 2018-09 | ||
| Steven Aleman | corporate officer | 2020-06 |
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 |