dealflow
envelope $200M

← Targets

The Meadows Hospital

dba The Meadows Psychiatric Center · Centre Hall, Centre Hall County, PA · CCN 394040
Licensed to Uhs Of Pennsylvania, Inc.

Composite
56.6
rank score
Distress
42
FY2024
Fit
90
vs thesis
Estimated ticket
$32.7M–$131M
119 beds · within envelope
Ownership
for-profit
PH

Why it ranks here

  • under 30 days cash on hand
  • current ratio below 0.8
  • margin deteriorating sharply
  • part of a multi-hospital chain — divestiture candidate
  • 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
  • for-profit — no charitable conversion review

Latest financials · FY2024

Net patient revenue$24.3M
Operating margin 5.3%
Total margin 7.9%
Days cash on hand 0
Current ratio -0.05
Occupancy67%

Facility

Beds119
Facility typePH
Settingurban
Ownership classfor-profit
Per-bed (low) $275K
Per-bed (high) $1.1M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 119 $25.4M $4.6M 15.3% 17.7% 0 -0.04 77% 2,169 36
2022 119 $22.9M $2.5M 6.0% 10.5% 0 -0.04 62% 1,734 36
2023 119 $23.7M $2.7M 9.8% 11.1% 0 -0.04 65% 1,899 36
2024 119 $24.3M $2.0M 5.3% 7.9% 0 -0.05 67% 1,899 42

Owners

OwnerRole%SinceType
Cheryl Ramagano corporate officer 100 2007-12
George Brunner corporate officer 100 2007-12
Katharine Lyver corporate officer 100 2024-01
Matthew Klein corporate officer 100 2011-01
Matthew Peterson corporate officer 100 2019-09
Matthew Peterson operational/managerial control 100 2019-09
Steve Filton corporate officer 100 2007-12
Steve Filton operational/managerial control 100 2007-12
Thomas Day corporate officer 100 2021-07
Uhs Of Delaware Inc
King Of Prussia, PA
operational/managerial control 100 2007-12 chain
Universal Health Services Inc
King Of Prussia, PA
5% or greater direct ownership interest 100 2007-12
Alan Miller 5% or greater indirect ownership interest 88 2025-04
James Coleman contracted managing employee 50 2007-12
Matthew Peterson corporate director 33 2019-09
Steve Filton corporate director 33 2007-12
Thomas Day corporate director 33 2021-07
Jason Lieb contracted managing employee 2024-08
Jason Lieb corporate officer 2024-08
Jennifer Kauffman contracted managing employee 2021-05
Jennifer Kauffman corporate officer 2021-05

Ownership changes

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