dealflow
envelope $200M

← Targets

Upmc Bedford

Everett, PA · CCN 390117
Licensed to Upmc Bedford Memorial

Composite
32.8
rank score
Distress
28
FY2024
Fit
50
vs thesis
Estimated ticket
$3.6M–$7.2M
36 beds · within envelope
Ownership
nonprofit
STH

Why it ranks here

  • under 30 days cash on hand
  • occupancy below 30%
  • rural — cheaper but limited density
  • small but workable bed count
  • very small ticket — sub-scale as a platform asset
  • very low occupancy — limited volume to learn from
  • nonprofit — expect AG conversion review

Latest financials · FY2024

Net patient revenue$52.8M
Operating margin 5.1%
Total margin 6.3%
Days cash on hand 0
Current ratio 3.43
Occupancy28%

Facility

Beds36
Facility typeSTH
Settingrural
Ownership classnonprofit
Per-bed (low) $100K
Per-bed (high) $200K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 36 $44.2M $80.3K 1.3% 0.2% 0 1.00 30% 1,002 41
2022 40 $52.0M $6.2M 9.3% 11.7% 0 1.72 39% 1,358 28
2023 40 $49.9M $1.6M 1.7% 3.2% 0 4.66 30% 1,206 34
2024 36 $52.8M $3.4M 5.1% 6.3% 0 3.43 28% 1,207 28

Owners

OwnerRole%SinceType
Upmc
Pittsburgh, PA
5% or greater direct ownership interest 100 1998-02
Alissa Laird corporate officer 2024-03
Andrew Ritchie corporate director 2025-07
Ann Benzel corporate director 2013-07
Bernard Creppage corporate director 2021-07
Brian Grabill corporate director 2021-07
David Baer corporate director 1991-09
David Gibbons corporate director 2024-01
Donald Yealy corporate director 2021-07
James Drenning corporate director 2020-12
James Vreeland corporate director 2021-07
John Blackburn corporate officer 2003-09
John Blackburn corporate director 2003-09
Karen Pfeffer corporate director 2013-07
Mathew Stuckey corporate director 2020-12
Matthew Newlin corporate director 2020-12
Michael Corso corporate officer 2024-08
Monica Klatt corporate officer 2019-09
Monica Klatt w-2 managing employee 2019-09
Philip Freeman corporate director 2021-07
Robert Montler corporate director 2013-07

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.

DateBuyerSellerHospitalBeds
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