Philhaven
Mt Gretna, Lebanon County, PA
· CCN 394020
Licensed to Philhaven
Composite
61.6
rank score
Distress
60
FY2024
Fit
86
vs thesis
Estimated ticket
$32.7M–$131M
140 beds ·
within envelope
Ownership
nonprofit
PH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- 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 | $78.3M |
| Operating margin | -20.1% |
| Total margin | -12.4% |
| Days cash on hand | 0 |
| Current ratio | 1.64 |
| Occupancy | 91% |
Facility
| Beds | 140 |
| Facility type | PH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $234K |
| Per-bed (high) | $935K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 118 | $57.9M | $-23.0M | -50.3% | -35.9% | 3 | 1.00 | 98% | 1,775 | 76 |
| 2022 | 118 | $58.6M | $-26.1M | -56.9% | -39.6% | — | — | 96% | 897 | 83 |
| 2023 | 118 | $73.1M | $-12.5M | -32.1% | -14.8% | 0 | 1.25 | 97% | 1,580 | 70 |
| 2024 | 140 | $78.3M | $-10.4M | -20.1% | -12.4% | 0 | 1.64 | 91% | 2,248 | 60 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Carrie Wilson | corporate director | 2021-01 | ||
| Christopher Grant | corporate director | 2021-01 | ||
| Edward Tadajweski | corporate director | 2021-01 | ||
| James Stuccio | corporate director | 2025-01 | ||
| Kimberly Kreider Umble | corporate director | 2021-01 | ||
| Laura Buczkowski | corporate officer | 2020-11 | ||
| Laura Buczkowski | w-2 managing employee | 2020-11 | ||
| Mantha Kotsalos | corporate officer | 2024-04 | ||
| Mantha Kotsalos | w-2 managing employee | 2024-04 | ||
| Michael Seim | corporate director | 2021-01 | ||
| Moniqua Acosta | corporate officer | 2021-01 | ||
| Moniqua Acosta | corporate director | 2013-07 | ||
| Robert Funk | corporate director | 2021-01 | ||
| Robert Hoffman | corporate director | 2021-01 | ||
| Roger Zimmerman | corporate director | 2021-01 | ||
| Roxanna Gapstur | other | 2019-01 | ||
| Stephen Lindsey | corporate director | 2021-01 | ||
| Wellspan Health | operational/managerial control | 2016-01 | ||
| Wellspan Health | other | 2016-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.