Thomas Jefferson Univ. Hospital
Philadelphia, Philadelphia County, PA
· CCN 390174
Licensed to Thomas Jefferson University Hospitals Inc
Composite
14.7
rank score
Distress
29
FY2024
Fit
60
vs thesis
Estimated ticket
$433M–$1.7B
866 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- 90-150 days cash on hand
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $2.1B |
| Operating margin | -13.1% |
| Total margin | 6.6% |
| Days cash on hand | 116 |
| Current ratio | 5.00 |
| Occupancy | 73% |
Facility
| Beds | 866 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 854 | $1.9B | $95.3M | -9.8% | 4.5% | 110 | 2.40 | 73% | 37,807 | 27 |
| 2022 | 868 | $1.8B | $-6.6M | -18.7% | -0.3% | 121 | 3.76 | 75% | 35,482 | 40 |
| 2023 | 868 | $1.9B | $-50.2M | -23.1% | -2.2% | 82 | 3.70 | 73% | 33,104 | 46 |
| 2024 | 866 | $2.1B | $167M | -13.1% | 6.6% | 116 | 5.00 | 73% | 37,771 | 29 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jefferson Health Corporation | 5% or greater direct ownership interest | 100 | 2024-06 | |
| Thomas Jefferson University | 5% or greater indirect ownership interest | 100 | 2014-07 | |
| Cristina Cavalieri | corporate officer | 2017-07 | ||
| Dixieanne James | corporate officer | 2023-01 | ||
| Dixieanne James | w-2 managing employee | 2023-01 | ||
| George Deming | corporate director | 2013-07 | ||
| Kristin Barrett | corporate officer | 2022-07 | ||
| Mark Alderman | corporate director | 2009-08 | ||
| Patrick Macmillan | corporate officer | 2026-06 | ||
| Walter Wyatt | corporate officer | 2025-02 |
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 |