Oss Orthopaedic Hospital
dba Oss Health ·
York, York County, PA
· CCN 390325
Licensed to Oss Orthopaedic Hospital Llc
Composite
53.3
rank score
Distress
62
FY2024
Fit
64
vs thesis
Estimated ticket
$12.8M–$51.0M
30 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin negative
- total margin negative
- under 30 days cash on hand
- debt above 85% of assets
- occupancy below 30%
- margin deteriorating
- urban — higher occupancy and iteration surface
- small but workable bed count
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $161M |
| Operating margin | -3.7% |
| Total margin | -1.2% |
| Days cash on hand | 13 |
| Current ratio | 1.51 |
| Occupancy | 17% |
Facility
| Beds | 30 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| 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 | 30 | $133M | $5.5M | -4.8% | 3.8% | 61 | 1.99 | 27% | 1,438 | 39 |
| 2022 | 30 | $143M | $14.9M | 2.3% | 9.6% | 50 | 2.95 | 24% | 1,175 | 26 |
| 2023 | 30 | $149M | $-3.4M | -5.0% | -2.2% | 25 | 1.79 | 21% | 1,042 | 62 |
| 2024 | 30 | $161M | $-2.0M | -3.7% | -1.2% | 13 | 1.51 | 17% | 858 | 62 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Oss Orthopaedic Hospital Partners Llc | 5% or greater direct ownership interest | 69 | 2010-10 | |
| Nittany Health, Inc | 5% or greater direct ownership interest | 31 | 2025-02 | |
| Brent Hines | corporate officer | 2023-04 | ||
| Brian Steinmetz | corporate officer | 2023-04 | ||
| Chad Rutter | corporate officer | 2019-03 | ||
| Chad Rutter | w-2 managing employee | 2013-01 | ||
| David Granger | corporate officer | 2023-01 | ||
| George Margetas | corporate officer | 2021-04 | ||
| Julia Nevil | w-2 managing employee | 2023-09 | ||
| Oss Orthopaedic Hospital Partners Llc | operational/managerial control | 2010-10 | ||
| Shawn Lovelady | corporate officer | 2024-03 | ||
| Shawn Lovelady | w-2 managing employee | 2024-03 | ||
| William Little | corporate officer | 2024-04 | ||
| William Little | w-2 managing employee | 2024-04 | ||
| William Ulmer | corporate officer | 2018-04 |
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 |