Monongahela Valley Hospital Inc.
dba Penn Highlands Mon Valley ·
Monongahela, Washington County, PA
· CCN 390147
Licensed to Monongahela Valley Hospital Inc
Composite
63.1
rank score
Distress
74
FY2024
Fit
74
vs thesis
Estimated ticket
$61.2M–$245M
175 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio under 1.5
- occupancy 30-45%
- margin deteriorating sharply
- 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 | $116M |
| Operating margin | -15.4% |
| Total margin | -5.3% |
| Days cash on hand | 11 |
| Current ratio | 1.35 |
| Occupancy | 39% |
Facility
| Beds | 175 |
| 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 | 123 | $120M | $9.9M | -8.0% | 7.1% | 55 | 1.02 | 52% | 4,481 | 44 |
| 2022 | 164 | $118M | $-8.5M | -9.8% | -6.6% | 34 | 1.23 | 39% | 4,068 | 60 |
| 2023 | 184 | $114M | $-13.6M | -13.4% | -11.8% | 58 | 1.64 | 30% | 3,751 | 70 |
| 2024 | 175 | $116M | $-6.7M | -15.4% | -5.3% | 11 | 1.35 | 39% | 4,590 | 74 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Penn Highlands Healthcare, Inc. | 5% or greater direct ownership interest | 100 | 2021-10 | |
| Bradley Bassi | corporate director | 2021-10 | ||
| Brian Kline | contracted managing employee | 2024-07 | ||
| Brian Kline | corporate officer | 2024-07 | ||
| Carlyn Belczyk | corporate director | 2021-10 | ||
| David Lezzer | corporate director | 2021-07 | ||
| Donald Conrad | corporate director | 2021-07 | ||
| Fred Price | corporate director | 2022-07 | ||
| James Devlin | corporate director | 2022-07 | ||
| James Ryan | corporate director | 2020-07 | ||
| Joanne Ryan | corporate director | 2022-07 | ||
| Jourdan Strishock | w-2 managing employee | 2022-04 | ||
| Lawrence Kiefer | corporate director | 2022-07 | ||
| Mark Mcginley | corporate director | 2021-10 | ||
| Mark Norman | contracted managing employee | 2016-07 | ||
| Mark Norman | corporate officer | 2016-07 | ||
| Richard Pfingstler | corporate director | 2021-07 | ||
| Robert O'leary | corporate director | 2021-07 | ||
| Samuel Lewis | corporate director | 2021-02 | ||
| Scott Foradora | corporate director | 2020-07 | ||
| Thomas Carnevale | corporate director | 2021-07 | ||
| Todd Stoltz | corporate director | 2020-07 | ||
| William Young | corporate director | 2021-07 |
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.
| 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 |