Valley Forge Medical Center
Norristown, Montgomery County, PA
· CCN 390272
Licensed to Avenues Recovery Medical Center At Valley Forge
Composite
68.2
rank score
Distress
79
FY2024
Fit
82
vs thesis
Estimated ticket
$24.5M–$98.0M
70 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- margin deteriorating
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $27.3M |
| Operating margin | -8.2% |
| Total margin | -6.0% |
| Days cash on hand | 21 |
| Current ratio | 0.32 |
| Occupancy | 94% |
Facility
| Beds | 70 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 50 | $11.7M | $-323K | -19.2% | -2.4% | 5 | 0.45 | 77% | 1,964 | 82 |
| 2022 | 70 | $14.0M | $-2.2M | -23.9% | -14.2% | 15 | 0.35 | 71% | 1,693 | 91 |
| 2023 | 70 | $21.8M | $-3.2M | -17.9% | -14.4% | 6 | 0.23 | 91% | 1,852 | 91 |
| 2024 | 70 | $27.3M | $-1.7M | -8.2% | -6.0% | 21 | 0.32 | 94% | 2,229 | 79 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Livorno Trust | 5% or greater direct ownership interest | 99 | 2021-06 | |
| Benzion Levin | operational/managerial control | 2026-03 | ||
| Eliezer Friedman | operational/managerial control | 2021-06 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2021-06-14 | change of ownership | Avenues Recovery Medical... | Valley Forge Medical Center &... |
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 |