dealflow
envelope $200M

← Targets

Einstein Medical Center Montgomery

East Norriton, Montgomery County, PA · CCN 390329
Licensed to Einstein Medical Center Montgomery

Composite
54.6
rank score
Distress
48
FY2024
Fit
82
vs thesis
Estimated ticket
$87.5M–$350M
175 beds · within envelope
Ownership
nonprofit
STH

Why it ranks here

  • operating margin -10% to -5%
  • total margin negative
  • 90-150 days cash on hand
  • debt above 85% of assets
  • margin deteriorating sharply
  • urban — higher occupancy and iteration surface
  • bed count in the target band
  • ticket size uses the capital envelope well
  • strong occupancy — good iteration surface
  • nonprofit — expect AG conversion review

Latest financials · FY2024

Net patient revenue$299M
Operating margin -6.8%
Total margin -0.8%
Days cash on hand 109
Current ratio 5.98
Occupancy85%

Facility

Beds175
Facility typeSTH
Settingurban
Ownership classnonprofit
Per-bed (low) $500K
Per-bed (high) $2.0M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 175 $250M $29.1M -9.1% 9.7% 141 2.52 81% 12,469 34
2022 175 $279M $-596K -7.8% -0.2% 85 5.38 81% 11,863 51
2023 175 $276M $32.2M 6.9% 11.1% 150 6.37 84% 10,338 8
2024 175 $299M $-2.7M -6.8% -0.8% 109 5.98 85% 10,352 48

Owners

OwnerRole%SinceType
Jefferson Health Corporation
Philadelphia, PA
5% or greater direct ownership interest 100 2024-06
Thomas Jefferson University
Philadelphia, PA
5% or greater indirect ownership interest 100 2021-10
Allison Feldman corporate director 2020-07
Anthony Sherr corporate director 2020-07
Brian Sweeney corporate officer 2023-01
Brian Sweeney w-2 managing employee 2023-01
Geoffrey Duffine corporate director 2011-07
Jim Powell corporate director 2020-07
John Corson corporate officer 2011-07
Lawrence Reichlin corporate director 2020-07
Lewis Gantman corporate director 2009-07
Richard Sheerr corporate director 2009-07
Richard Wolfson corporate director 2020-07
Robert Thomas corporate officer 2025-07
Steven Berk corporate director 2020-07
Timothy Maccracken corporate officer 2023-07
Us Bank National Association
Philadelphia, PA
5% or greater security interest 2010-06
Walter Wyatt corporate officer 2011-07
Walter Wyatt w-2 managing employee 2011-07

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.

DateBuyerSellerHospitalBeds
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