Riddle Hospital
Media, Delaware County, PA
· CCN 390222
Licensed to Riddle Memorial Hospital
Composite
56.9
rank score
Distress
62
FY2024
Fit
72
vs thesis
Estimated ticket
$97.8M–$391M
230 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- under 30 days cash on hand
- current ratio under 1.5
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size at the top of the envelope — would need leverage
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $276M |
| Operating margin | -7.9% |
| Total margin | -2.9% |
| Days cash on hand | 0 |
| Current ratio | 1.43 |
| Occupancy | 59% |
Facility
| Beds | 230 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 186 | $211M | $14.5M | -4.9% | 6.1% | 120 | 1.58 | 59% | 9,865 | 22 |
| 2022 | 186 | $221M | $-18.1M | -13.8% | -7.8% | 0 | 0.62 | 66% | 9,606 | 76 |
| 2023 | 186 | $238M | $-14.0M | -12.1% | -5.5% | 0 | 0.90 | 65% | 10,195 | 71 |
| 2024 | 230 | $276M | $-8.3M | -7.9% | -2.9% | 0 | 1.43 | 59% | 10,846 | 62 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Main Line Health, Inc. | 5% or greater direct ownership interest | 100 | 2007-02 | |
| 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 | ||
| 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 | ||
| James Paradis | corporate officer | 2025-10 | ||
| James Paradis | w-2 managing employee | 2004-01 |
Showing 25 of 36. Full list via /api/targets/390222.
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 |