Pottstown Memorial Medical Center
dba Pottstown Hospital ·
Pottstown, Montgomery County, PA
· CCN 390123
Licensed to Pottstown Hospital Llc
Composite
64.5
rank score
Distress
77
FY2024
Fit
74
vs thesis
Estimated ticket
$64.8M–$259M
185 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 30-45%
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $150M |
| Operating margin | -24.2% |
| Total margin | -22.5% |
| Days cash on hand | 0 |
| Current ratio | -9.94 |
| Occupancy | 42% |
Facility
| Beds | 185 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 183 | $151M | $-104M | -23.8% | -68.2% | 0 | -2.87 | 45% | 7,389 | 82 |
| 2022 | 185 | $140M | $-40.6M | -30.5% | -28.5% | 0 | -4.76 | 43% | 6,630 | 86 |
| 2023 | 185 | $139M | $-41.5M | -31.5% | -29.3% | 0 | -7.35 | 38% | 6,048 | 86 |
| 2024 | 185 | $150M | $-34.1M | -24.2% | -22.5% | 0 | -9.94 | 42% | 6,913 | 77 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Tower Health | 5% or greater direct ownership interest | 100 | 2017-04 | |
| Arthur Green | other | 2023-07 | ||
| Brian Rayme | corporate officer | 2025-08 | ||
| David Megay | other | 2023-06 | ||
| Francis Strunk | other | 2023-06 | ||
| Glenn Lipton | other | 2023-06 | ||
| Holly Parker | other | 2023-06 | ||
| Howard Brown | other | 2023-06 | ||
| John Dahdah | other | 2023-06 | ||
| John Lignelli | other | 2023-06 | ||
| Myra Forrest | other | 2023-06 | ||
| Nainesh Patel | other | 2023-06 | ||
| Richard Newell Jr | contracted managing employee | 2017-04 |
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 |