Abington Memorial Hospital
Abington, Montgomery County, PA
· CCN 390231
Licensed to Abington Memorial Hospital
Composite
19.1
rank score
Distress
53
FY2024
Fit
60
vs thesis
Estimated ticket
$260M–$1.0B
611 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- under 30 days cash on hand
- margin deteriorating
- 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 | $781M |
| Operating margin | -5.7% |
| Total margin | -2.0% |
| Days cash on hand | 18 |
| Current ratio | 1.94 |
| Occupancy | 76% |
Facility
| Beds | 611 |
| 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 | 588 | $789M | $6.8M | -6.0% | 0.8% | 170 | 2.36 | 72% | 30,310 | 30 |
| 2022 | 588 | $724M | $-55.6M | -16.3% | -7.1% | 90 | 2.11 | 69% | 27,755 | 54 |
| 2023 | 588 | $763M | $-120M | -19.5% | -15.2% | 7 | 1.29 | 74% | 30,683 | 78 |
| 2024 | 611 | $781M | $-16.0M | -5.7% | -2.0% | 18 | 1.94 | 76% | 35,432 | 53 |
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 | 2020-03 | |
| Aimee James | corporate officer | 2021-05 | ||
| Brian Sweeney | corporate officer | 2023-01 | ||
| Brian Sweeney | w-2 managing employee | 2023-01 | ||
| Cristina Cavalieri | corporate officer | 2021-07 | ||
| Jean Fitzpatrick | corporate officer | 2022-07 | ||
| John Bown | corporate officer | 2022-07 | ||
| Robert Thomas | corporate officer | 2025-07 | ||
| Timothy Maccracken | corporate officer | 2023-07 |
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 |