Titusville Area Hospital
Titusville, Crawford County, PA
· CCN 391314
Licensed to Titusville Area Hospital
Composite
36.5
rank score
Distress
37
FY2024
Fit
50
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin under 2%
- under 30 days cash on hand
- occupancy 30-45%
- margin deteriorating
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $56.6M |
| Operating margin | 1.3% |
| Total margin | 6.3% |
| Days cash on hand | 9 |
| Current ratio | 3.50 |
| Occupancy | 41% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $47.6M | $5.2M | -4.1% | 9.5% | 36 | 0.49 | 44% | 575 | 56 |
| 2022 | 25 | $51.6M | $5.9M | -2.3% | 10.0% | 6 | 0.50 | 51% | 658 | 53 |
| 2023 | 25 | $53.7M | $6.1M | 1.1% | 10.3% | 31 | 1.03 | 39% | 544 | 32 |
| 2024 | 25 | $56.6M | $3.8M | 1.3% | 6.3% | 9 | 3.50 | 41% | 559 | 37 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Titusville Area Health Center Inc | 5% or greater direct ownership interest | 100 | 2014-11 | |
| Amy Ruot | corporate director | 2025-10 | ||
| Brenda Burnett | corporate director | 2025-10 | ||
| Gary Alizzeo | corporate director | 2025-10 | ||
| Jason Reagle | corporate director | 2014-05 | ||
| Jill Neely | corporate director | 2007-08 | ||
| Jill Neely | w-2 managing employee | 2007-08 | ||
| Joe Anderson | corporate director | 2025-10 | ||
| Joe Nichols | corporate director | 2025-10 | ||
| Joseph Carter | corporate director | 2021-01 | ||
| Kim Ciccarelli | corporate director | 2025-10 | ||
| Lee Clinton | corporate director | 2021-01 | ||
| Meadville Medical Center | 5% or greater indirect ownership interest | 2015-10 | ||
| Renato Suntay | corporate officer | 2015-10 | ||
| Scott Mcallister | corporate director | 2021-01 | ||
| Shawn Sampson | corporate director | 2025-10 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.