The Chester County Hospital
West Chester, Chester County, PA
· CCN 390179
Licensed to Chester County Hospital
Composite
66.2
rank score
Distress
89
FY2024
Fit
66
vs thesis
Estimated ticket
$21.6M–$43.3M
309 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
- debt above 85% of assets
- margin deteriorating sharply
- rural — cheaper but limited density
- large — ticket likely stretches the envelope
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $501M |
| Operating margin | -13.3% |
| Total margin | -8.9% |
| Days cash on hand | 0 |
| Current ratio | -1.27 |
| Occupancy | 69% |
Facility
| Beds | 309 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 312 | $382M | $-13.9M | -11.3% | -3.4% | 0 | -3.51 | 55% | 17,388 | 78 |
| 2022 | 309 | $428M | $-26.8M | -13.1% | -5.9% | 0 | 0.57 | 66% | 23,778 | 80 |
| 2023 | 299 | $474M | $-22.5M | -8.9% | -4.6% | 0 | -0.73 | 69% | 20,573 | 78 |
| 2024 | 309 | $501M | $-46.2M | -13.3% | -8.9% | 0 | -1.27 | 69% | 20,705 | 89 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Trustees Of The University Of Pennsylvania | 5% or greater indirect ownership interest | 100 | 2013-09 | |
| Alpa Vadher | corporate director | 2021-06 | ||
| Barry Bentley | corporate director | 2023-05 | ||
| Chester County Hospital And Health System | operational/managerial control | 1966-07 | ||
| Christine Bendinelli | corporate director | 2021-06 | ||
| Edward Briener | corporate director | 2019-10 | ||
| John Molinelli | corporate director | 2013-10 | ||
| Joshua Snyder | w-2 managing employee | 2022-05 | ||
| Julia Puchtler | operational/managerial control | 2024-07 | ||
| Karen Pinsky | corporate officer | 2024-07 | ||
| Karen Pinsky | corporate director | 2024-07 | ||
| Lori Gustave | corporate director | 2019-09 | ||
| Maureen Hewitt | corporate director | 2018-06 | ||
| Michael Rossi | w-2 managing employee | 2017-01 | ||
| Patricia Knecht | corporate director | 2013-10 | ||
| Roseanne Bernotsky | corporate director | 2021-06 | ||
| Sanford Lipstein | corporate director | 2018-05 | ||
| Thomas Mccormick | w-2 managing employee | 2019-06 | ||
| Timmy Nelson | corporate director | 2020-11 | ||
| Timothy Boyek | corporate director | 2017-06 |
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 |