Edgewood Surgical Hospital
Transfer, Mercer County, PA
· CCN 390307
Licensed to Surgery Center At Edgewood Place, Llc
Composite
33.6
rank score
Distress
28
FY2023
Fit
52
vs thesis
Estimated ticket
$5.0M–$20.0M
10 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- occupancy below 30%
- urban — higher occupancy and iteration surface
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $22.8M |
| Operating margin | 21.2% |
| Total margin | 23.5% |
| Days cash on hand | 22 |
| Current ratio | 1.80 |
| Occupancy | 5% |
Facility
| Beds | 10 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 10 | $12.4M | $96.3K | -1.9% | 0.8% | 120 | 1.48 | 13% | 328 | 36 |
| 2021 | 10 | $19.0M | $5.6M | 25.1% | 28.3% | 129 | 1.90 | 12% | 313 | 13 |
| 2022 | 10 | $19.8M | $4.0M | 16.6% | 19.4% | 19 | 1.98 | 8% | 228 | 31 |
| 2023 | 10 | $22.8M | $5.5M | 21.2% | 23.5% | 22 | 1.80 | 5% | 141 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ryan Molli | 5% or greater indirect ownership interest | 23 | 2020-04 | |
| Kevin Gramley | limited partnership interest | 5 | 2020-05 | |
| Kapital Development Llc | 5% or greater direct ownership interest | 2002-11 | ||
| Kevin Gramley | corporate officer | 2020-05 | ||
| Kurtis Gramley | 5% or greater direct ownership interest | 2002-11 | ||
| Kurtis Gramley | w-2 managing employee | 2002-11 | ||
| Kurtis Gramley | operational/managerial control | 2002-11 | ||
| Ryan Molli | corporate director | 2021-01 | ||
| Thomas Roskos | corporate director | 2020-05 |
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 |