Mount Nittany Medical Center
State College, Centre County, PA
· CCN 390268
Licensed to Mount Nittany Medical Center
Composite
31.7
rank score
Distress
6
FY2024
Fit
72
vs thesis
Estimated ticket
$124M–$496M
248 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- 90-150 days cash on hand
- occupancy 45-60%
- 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 | $483M |
| Operating margin | 14.7% |
| Total margin | 25.8% |
| Days cash on hand | 116 |
| Current ratio | 2.52 |
| Occupancy | 54% |
Facility
| Beds | 248 |
| 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 | 248 | $386M | $132M | 15.1% | 25.2% | 136 | 2.39 | 46% | 9,453 | 7 |
| 2022 | 248 | $418M | $-29.7M | 13.5% | -6.6% | 179 | 4.72 | 52% | 9,467 | 14 |
| 2023 | 248 | $442M | $153M | 12.6% | 24.6% | 185 | 5.42 | 51% | 10,158 | 2 |
| 2024 | 248 | $483M | $161M | 14.7% | 25.8% | 116 | 2.52 | 54% | 10,890 | 6 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Barry Stein | corporate director | 2015-01 | ||
| Bryan Roach | corporate officer | 2019-12 | ||
| Dustin Case | corporate director | 2016-11 | ||
| Jeff Pro | corporate director | 2022-01 | ||
| Kathleen Rhine | corporate officer | 2022-01 | ||
| Kathleen Rhine | corporate director | 2022-01 | ||
| Kathleen Rhine | w-2 managing employee | 2017-01 | ||
| Kenneth Pasch | corporate director | 2015-01 | ||
| Kristie Kaufman | corporate director | 2022-01 | ||
| Mount Nittany Health System | other | 2015-01 | ||
| Nancy Silvis | corporate director | 2016-11 |
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 |