Suburban Community Hospital
Norristown, Montgomery County, PA
· CCN 390116
Licensed to Prime Healthcare Services-Suburban Hospital Llc
Composite
71.0
rank score
Distress
95
FY2023
Fit
70
vs thesis
Estimated ticket
$38.9M–$155M
111 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- 30-60 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
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $40.6M |
| Operating margin | -42.0% |
| Total margin | -30.7% |
| Days cash on hand | 35 |
| Current ratio | 0.11 |
| Occupancy | 20% |
Facility
| Beds | 111 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 | 111 | $42.5M | $-5.4M | -35.1% | -10.3% | 24 | 0.16 | 24% | 1,993 | 100 |
| 2021 | 111 | $42.6M | $-11.5M | -32.8% | -25.4% | 8 | 0.11 | 22% | 2,071 | 100 |
| 2022 | 111 | $42.0M | $-16.9M | -46.3% | -37.8% | 16 | 0.10 | 19% | 1,977 | 100 |
| 2023 | 111 | $40.6M | $-13.6M | -42.0% | -30.7% | 35 | 0.11 | 20% | 2,057 | 95 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Prime Healthcare Foundation Inc | 5% or greater direct ownership interest | 100 | 2017-01 | |
| Prime Healthcare Holdings Inc | 5% or greater indirect ownership interest | 100 | 2015-11 | |
| Christopher Doan | corporate officer | 2018-01 | ||
| Kenneth Wheeler | corporate officer | 2015-11 | ||
| Kenneth Wheeler | w-2 managing employee | 2015-11 | ||
| Luis Leon | corporate officer | 2020-06 | ||
| Michael Motte | corporate officer | 2020-06 | ||
| Michael Motte | corporate director | 2020-06 | ||
| Michael Motte | w-2 managing employee | 2020-06 | ||
| Prime Healthcare Services, Inc | operational/managerial control | 2015-11 | ||
| 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 |