Memorial Medical Center
dba Conemaugh Memorial Medical Center ·
Johnstown, Cambria County, PA
· CCN 390110
Licensed to Dlp Conemaugh Memorial Medical Center Llc
Composite
70.7
rank score
Distress
92
FY2024
Fit
68
vs thesis
Estimated ticket
$18.2M–$36.4M
260 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
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- large — ticket likely stretches the envelope
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $240M |
| Operating margin | -143.2% |
| Total margin | -110.1% |
| Days cash on hand | 1 |
| Current ratio | 0.25 |
| Occupancy | 73% |
Facility
| Beds | 260 |
| Facility type | STH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 344 | $472M | $30.1M | -3.6% | 5.8% | 1 | 1.61 | 58% | 13,954 | 40 |
| 2022 | 290 | $460M | $-36.5M | -15.6% | -7.4% | 1 | 0.21 | 68% | 12,447 | 87 |
| 2023 | 241 | $435M | $-53.0M | -21.2% | -11.2% | 1 | 0.21 | 74% | 12,274 | 91 |
| 2024 | 260 | $240M | $-306M | -143.2% | -110.1% | 1 | 0.25 | 73% | 12,970 | 92 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Dlp Conemaugh Holding Company Llc | 5% or greater direct ownership interest | 100 | 2014-05 | |
| Dlp Lima Partner, Llc | 5% or greater indirect ownership interest | 97 | 2019-12 | |
| Dsb Acquisition Llc | 5% or greater indirect ownership interest | 97 | 2018-11 | |
| Lifepoint Health Inc | 5% or greater indirect ownership interest | 97 | 2018-11 | chain |
| Lima Holdco Llc | 5% or greater indirect ownership interest | 97 | 2019-12 | |
| Charlotte Lawrence | corporate officer | 2022-03 | ||
| Christopher Monte | corporate officer | 2014-05 | ||
| Dlp Partner Llc | operational/managerial control | 2014-05 | ||
| Elliott Brown | corporate officer | 2026-04 | ||
| Elmer Polite | corporate officer | 2023-06 | ||
| Marcus Poppell | corporate officer | 2018-11 | ||
| Phillip Sensing | corporate officer | 2026-05 | ||
| Rodney Reider | corporate officer | 2023-02 | ||
| Rodney Reider | w-2 managing employee | 2023-02 |
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 |