Kindred Hospital Philadelphia
dba Kindred Hospital - Philadelphia ·
Philadelphia, Philadelphia County, PA
· CCN 392027
Licensed to Kindred Hospitals East Llc
Composite
57.2
rank score
Distress
60
FY2024
Fit
76
vs thesis
Estimated ticket
$27.8M–$111M
109 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin negative
- total margin negative
- under 30 days cash on hand
- debt above 85% of assets
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- bed count in the target band
- ticket size somewhat below the envelope
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $54.9M |
| Operating margin | -1.2% |
| Total margin | -0.9% |
| Days cash on hand | 0 |
| Current ratio | 2.33 |
| Occupancy | 59% |
Facility
| Beds | 109 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $255K |
| Per-bed (high) | $1.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 109 | $54.5M | $4.4M | 8.0% | 8.1% | 0 | 1.11 | 68% | 949 | 30 |
| 2022 | 109 | $52.2M | $-3.8M | -7.4% | -7.3% | — | 1.96 | 60% | 838 | 57 |
| 2023 | 109 | $54.5M | $-863K | -1.8% | -1.6% | 0 | 2.55 | 61% | 829 | 53 |
| 2024 | 109 | $54.9M | $-503K | -1.2% | -0.9% | 0 | 2.33 | 59% | 789 | 60 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Kentucky Hospital Holdings Jv Lp | 5% or greater indirect ownership interest | 100 | 2018-07 | |
| Kentucky Hospital Holdings Llc | 5% or greater indirect ownership interest | 100 | 2018-07 | |
| Kentucky Hospital Intermediate Llc | 5% or greater indirect ownership interest | 100 | 2018-07 | |
| Kindred Healthcare Llc | 5% or greater indirect ownership interest | 100 | 2007-08 | |
| Kindred Healthcare Operating Llc | 5% or greater direct ownership interest | 100 | 2007-08 | |
| Knight Health Holdings Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Knight Health Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Knight Intermediate Holdings Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Andrew Donet | w-2 managing employee | 2023-07 | ||
| Dana Rock | corporate officer | 2024-12 | ||
| Deanna Schiavone | corporate officer | 2022-08 | ||
| Johnetta Traylor | corporate officer | 2024-12 | ||
| Michael Bean | corporate officer | 2019-03 | ||
| Michael Moody | corporate officer | 2022-01 | ||
| Richard Algood | corporate officer | 2015-07 | ||
| Richard Algood | other | 2015-07 | ||
| Scott Graeser | corporate officer | 2022-08 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.