Pennsylvania Psychiatric Institute
Harrisburg, Dauphin County, PA
· CCN 394051
Licensed to Pennsylvania Psychiatric Institute
Composite
71.8
rank score
Distress
82
FY2024
Fit
82
vs thesis
Estimated ticket
$17.1M–$68.5M
89 beds ·
within envelope
Ownership
nonprofit
PH
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
- 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 somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $28.4M |
| Operating margin | -70.0% |
| Total margin | -84.5% |
| Days cash on hand | 0 |
| Current ratio | -2.37 |
| Occupancy | 68% |
Facility
| Beds | 89 |
| Facility type | PH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $192K |
| Per-bed (high) | $770K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 89 | $29.0M | $-6.9M | -37.3% | -20.9% | 31 | 0.80 | 75% | 1,834 | 82 |
| 2022 | 89 | $28.2M | $-7.5M | -43.8% | -22.8% | 58 | 1.26 | 66% | 1,315 | 69 |
| 2023 | 89 | $21.6M | $-16.5M | -83.3% | -72.0% | 0 | 0.94 | 66% | 1,416 | 83 |
| 2024 | 89 | $28.4M | $-22.1M | -70.0% | -84.5% | 0 | -2.37 | 68% | 1,784 | 82 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Penn State Health | 5% or greater direct ownership interest | 100 | 2023-07 | chain |
| The Pennsylvania State University | 5% or greater indirect ownership interest | 80 | 2023-07 | |
| Highmark Health | 5% or greater indirect ownership interest | 20 | 2023-07 | |
| Ann Allwein | corporate officer | 2024-10 | ||
| Erika Saunders | corporate director | 2015-01 | ||
| Kenneth Wood | corporate director | 2024-07 | ||
| Kyle Snyder | corporate director | 2024-07 | ||
| Laurie Talbot | corporate officer | 2016-12 | ||
| Leslyn Williamson | corporate officer | 2026-03 | ||
| Leslyn Williamson | w-2 managing employee | 2026-03 | ||
| Nicole Lehman | corporate officer | 2023-07 | ||
| Randy Morris | corporate officer | 2026-04 | ||
| Susan Promes | corporate director | 2016-11 | ||
| Taylor Andrews | corporate director | 2016-11 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.