dealflow
envelope $200M

← Targets

Montgomery Cnty Emergency Srv. Inc.

dba Montgomery County Emergency Service · Norristown, Montgomery County, PA · CCN 394033
Licensed to Montgomery County Mh-Mr Emergency Service

Composite
60.6
rank score
Distress
64
FY2024
Fit
80
vs thesis
Estimated ticket
$17.1M–$68.3M
73 beds · within envelope
Ownership
nonprofit
PH

Why it ranks here

  • operating margin below -10%
  • total margin -8% to -3%
  • under 30 days cash on hand
  • occupancy 45-60%
  • margin deteriorating
  • urban — higher occupancy and iteration surface
  • specialty facility — narrower problem scope
  • bed count in the target band
  • ticket size somewhat below the envelope
  • moderate occupancy
  • nonprofit — expect AG conversion review

Latest financials · FY2024

Net patient revenue$12.9M
Operating margin -52.1%
Total margin -4.2%
Days cash on hand 1
Current ratio 3.53
Occupancy52%

Facility

Beds73
Facility typePH
Settingurban
Ownership classnonprofit
Per-bed (low) $234K
Per-bed (high) $935K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 73 $11.3M $139K -48.3% 0.8% 124 1.17 54% 1,065 41
2022 73 $17.4M $4.1M 0.3% 19.2% 124 4.77 47% 730 13
2023 73 $14.2M $412K -30.2% 2.2% 91 5.71 49% 658 34
2024 73 $12.9M $-782K -52.1% -4.2% 1 3.53 52% 820 64

Owners

OwnerRole%SinceType
Barbara Rawls corporate officer 2021-06
Barbara Rawls corporate director 2009-06
Caroline Ellison corporate officer 2012-06
Caroline Ellison corporate director 2007-08
Douglas Hager corporate director 2014-09
Faith Millen corporate director 2009-06
Logan Wilson-Brown corporate director 2021-01
Mary Turner corporate director 2019-06
Michael Kennedy corporate officer 2014-06
Michael Kennedy corporate director 2009-12
Randall Floyd corporate director 2010-05
William Myers corporate officer 2016-07
William Myers w-2 managing employee 2016-07

Ownership changes

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