Advanced Surgical Hospital
Washington, Washington County, PA
· CCN 390323
Licensed to Advanced Surgical Hospital Llc
Composite
34.3
rank score
Distress
26
FY2023
Fit
56
vs thesis
Estimated ticket
$7.0M–$28.0M
14 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- 30-60 days cash on hand
- current ratio under 1.5
- occupancy below 30%
- urban — higher occupancy and iteration surface
- very small facility
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $24.2M |
| Operating margin | 12.7% |
| Total margin | 13.0% |
| Days cash on hand | 40 |
| Current ratio | 1.15 |
| Occupancy | 16% |
Facility
| Beds | 14 |
| 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 | 14 | $18.7M | $2.5M | 4.4% | 12.1% | 55 | 1.25 | 28% | 669 | 29 |
| 2021 | 14 | $20.5M | $3.0M | 8.0% | 13.8% | 61 | 1.45 | 21% | 533 | 22 |
| 2022 | 14 | $20.4M | $1.7M | 4.9% | 8.2% | 29 | 1.12 | 12% | 326 | 34 |
| 2023 | 14 | $24.2M | $3.2M | 12.7% | 13.0% | 40 | 1.15 | 16% | 455 | 26 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Collaborative Care Holdings Llc | 5% or greater indirect ownership interest | 56 | 2017-03 | |
| Optum Inc | 5% or greater indirect ownership interest | 56 | 2017-03 | |
| Optumhealth Holdings Llc | 5% or greater indirect ownership interest | 56 | 2017-03 | |
| Sc Affiliates Llc | 5% or greater indirect ownership interest | 56 | 2015-09 | |
| Sca Holdco, Inc. | 5% or greater indirect ownership interest | 56 | 2018-01 | |
| Sca Southwestern Pa, Llc | 5% or greater direct ownership interest | 56 | 2015-09 | |
| Scai Holdings Llc | 5% or greater indirect ownership interest | 56 | 2017-03 | |
| Surgical Care Affiliates Llc | 5% or greater indirect ownership interest | 56 | 2015-09 | |
| United Healthcare Services Inc | 5% or greater indirect ownership interest | 56 | 2017-03 | |
| Unitedhealth Group Incorporated | 5% or greater indirect ownership interest | 56 | 2017-03 | |
| Armando Avolio | 5% or greater direct ownership interest | 5 | 2009-01 | |
| Derrick Fluhme | 5% or greater direct ownership interest | 5 | 2021-06 | |
| Gregory Christiansen | 5% or greater direct ownership interest | 5 | 2009-01 | |
| Gregory Habib | 5% or greater direct ownership interest | 5 | 2023-02 | |
| John Gibbons | 5% or greater direct ownership interest | 5 | 2009-01 | |
| Joseph Stracci | 5% or greater direct ownership interest | 5 | 2009-01 | |
| Patrick Mcculloch | 5% or greater direct ownership interest | 5 | 2021-06 | |
| Vincent Ripepi | 5% or greater direct ownership interest | 5 | 2009-01 | |
| Sham Persaud | other | 3 | 2023-03 | |
| Daniel Mims | corporate director | 2025-03 | ||
| Diane Hritz | contracted managing employee | 2015-09 | ||
| Diane Hritz | corporate officer | 2021-07 | ||
| Eugene Dudley | corporate director | 2025-12 | ||
| Joseph Stracci | corporate director | 2015-09 | ||
| Patrick Mcculloch | corporate director | 2015-09 |
Showing 25 of 27. Full list via /api/targets/390323.
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 |