dealflow
envelope $200M

← Targets

Good Shepherd Rehabilitation Hospita

Allentown, Lehigh County, PA · CCN 393035
Licensed to Good Shepherd Rehabilitation Hospital

Composite
69.9
rank score
Distress
82
FY2024
Fit
82
vs thesis
Estimated ticket
$21.8M–$87.4M
96 beds · within envelope
Ownership
nonprofit
RH

Why it ranks here

  • operating margin below -10%
  • total margin below -8%
  • under 30 days cash on hand
  • current ratio below 0.8
  • margin deteriorating sharply
  • urban — higher occupancy and iteration surface
  • specialty facility — narrower problem scope
  • bed count in the target band
  • ticket size somewhat below the envelope
  • strong occupancy — good iteration surface
  • nonprofit — expect AG conversion review

Latest financials · FY2024

Net patient revenue$99.4M
Operating margin -23.8%
Total margin -10.5%
Days cash on hand 0
Current ratio -7.90
Occupancy64%

Facility

Beds96
Facility typeRH
Settingurban
Ownership classnonprofit
Per-bed (low) $228K
Per-bed (high) $910K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 94 $92.0M $3.4M -13.8% 3.2% 138 1.90 67% 1,148 32
2022 94 $85.6M $-17.2M -25.5% -18.5% 37 1.18 58% 1,082 67
2023 94 $101M $-12.3M -19.1% -11.4% 20 -3.27 59% 1,150 82
2024 96 $99.4M $-11.7M -23.8% -10.5% 0 -7.90 64% 1,351 82

Owners

OwnerRole%SinceType
Anne Beste corporate director 2017-09
Blake Marles corporate director 2024-02
David Decampli corporate director 2024-02
David Fessler corporate director 2017-09
Elsbeth Haymon corporate director 2021-09
Eric Young corporate director 2025-07
Good Shepherd Rehabilitation Network
Allentown, PA
other 1982-09
Jo-Ann Mendles corporate director 2024-02
Lori Gustave corporate director 2021-09
Matthew Green corporate director 2024-02
Maura Topper corporate officer 2023-09
Maura Topper corporate director 2016-09
Michael Pessina corporate officer 2024-09
Michael Pessina corporate director 2022-09
Michael Spigel corporate officer 2020-08
Michael Spigel w-2 managing employee 2020-08
Mitchell Possinger corporate director 2025-09
Pamela Decampli corporate director 2017-09
Paul Emrick corporate director 2025-09
Robin Fritsch w-2 managing employee 2024-03
Thomas Lynch corporate officer 2024-09
Thomas Lynch corporate director 2017-09
Victor Salicetti corporate director 2019-10

Ownership changes

No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.