dealflow
envelope $200M

← Targets

Paoli Hospital

Paoli, Chester County, PA · CCN 390153
Licensed to Main Line Hospitals, Inc.

Composite
36.8
rank score
Distress
20
FY2024
Fit
70
vs thesis
Estimated ticket
$130M–$522M
261 beds · within envelope
Ownership
nonprofit
STH

Why it ranks here

  • operating margin negative
  • margin deteriorating
  • urban — higher occupancy and iteration surface
  • large — ticket likely stretches the envelope
  • ticket size well above the envelope
  • strong occupancy — good iteration surface
  • nonprofit — expect AG conversion review

Latest financials · FY2024

Net patient revenue$400M
Operating margin -1.5%
Total margin 8.0%
Days cash on hand 200
Current ratio 7.08
Occupancy76%

Facility

Beds261
Facility typeSTH
Settingurban
Ownership classnonprofit
Per-bed (low) $500K
Per-bed (high) $2.0M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 231 $333M $44.5M -1.3% 11.7% 447 6.31 70% 13,660 16
2022 231 $367M $-5.0M -4.8% -1.3% 330 9.00 83% 14,500 23
2023 249 $383M $4.3M -7.5% 1.0% 220 7.57 79% 15,599 26
2024 261 $400M $35.5M -1.5% 8.0% 200 7.08 76% 15,824 20

Owners

OwnerRole%SinceType
Main Line Health, Inc.
Bryn Mawr, PA
5% or greater direct ownership interest 100 1985-07
Andrea Anania corporate director 2016-07
Andrew Pennoni corporate director 2025-07
Angela Meoli corporate director 2024-07
Barbara Gaspare corporate director 2018-07
Benjamin Richer corporate director 2024-07
Bharti Asnani corporate director 2025-07
Bradford Koles corporate director 2022-07
Cheryl Koch corporate director 2019-07
Cheryl Straup corporate officer 2023-11
Christopher Bruner corporate director 2017-07
Colleen Arnold corporate director 2025-07
Dalila Wilson-Scott corporate director 2022-07
Darrell Giles corporate director 2023-07
David Burcavage corporate director 2025-07
Deebeanne Tavani corporate director 2021-07
Della Payne corporate officer 2024-11
Della Payne w-2 managing employee 1999-11
Donna Havens corporate director 2020-07
Edward Jimenez corporate officer 2025-06
Edward Jimenez w-2 managing employee 2025-05
Elizabeth Balderston corporate director 2010-07
Ellen Rinaldi corporate director 2016-07
Ernest Gillan corporate director 2018-07
Hope D'oyley-Gay corporate director 2024-07

Showing 25 of 41. Full list via /api/targets/390153.

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