Sharon Regional Health System
dba Sharon Regional Medical Center ·
Sharon, Mercer County, PA
· CCN 390211
Licensed to Tenor Health Foundation Sharon, Llc
Already transacted. CMS recorded an ownership change effective
2025-01-21. Confirm the current owner before spending a call on this.
Composite
21.4
rank score
Distress
85
FY2024
Fit
58
vs thesis
Estimated ticket
$9.9M–$19.7M
141 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- current ratio under 1.5
- liabilities exceed assets
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- thin occupancy
- for-profit — no charitable conversion review
- changed ownership 2025-01-21 — likely already transacted
Latest financials · FY2024
| Net patient revenue | $96.1M |
| Operating margin | -29.9% |
| Total margin | -27.0% |
| Days cash on hand | — |
| Current ratio | 1.04 |
| Occupancy | 41% |
Facility
| Beds | 141 |
| Facility type | STH |
| Setting | rural |
| Ownership class | for-profit |
| 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 | 175 | $132M | $-10.2M | -10.9% | -7.5% | 0 | 0.44 | 49% | 6,532 | 89 |
| 2022 | 163 | $135M | $21.0M | 0.6% | 13.5% | 0 | 1.22 | 52% | 5,659 | 46 |
| 2023 | 150 | $116M | $1.8M | -6.5% | 1.4% | 0 | 2.48 | 48% | 4,855 | 61 |
| 2024 | 141 | $96.1M | $-26.6M | -29.9% | -27.0% | — | 1.04 | 41% | 4,577 | 85 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Radha Savitala | corporate officer | 100 | 2024-09 | |
| Tenor Health Foundation Sharon, Llc | 5% or greater indirect ownership interest | 100 | 2024-09 | |
| Radha Savitala | corporate director | 2024-09 | ||
| Radha Savitala | w-2 managing employee | 2024-09 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2025-01-21 | change of ownership | Tenor Health Foundation Sharon, Llc | Steward Sharon Regional Health... |
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 |