Riverside Methodist Hospital
Columbus, Franklin County, OH
· CCN 360006
Licensed to Ohiohealth Corporation
Composite
18.3
rank score
Distress
46
FY2024
Fit
62
vs thesis
Estimated ticket
$383M–$1.5B
766 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin under 2%
- under 30 days cash on hand
- liabilities exceed assets
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $1.7B |
| Operating margin | 1.9% |
| Total margin | 5.7% |
| Days cash on hand | 0 |
| Current ratio | 1.67 |
| Occupancy | 82% |
Facility
| Beds | 766 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 759 | $1.6B | $312M | 14.0% | 18.6% | 0 | 1.05 | 73% | 41,318 | 37 |
| 2022 | 750 | $1.7B | $253M | 10.4% | 14.4% | 0 | 0.96 | 79% | 40,288 | 42 |
| 2023 | 734 | $1.7B | $119M | 3.4% | 6.8% | 0 | 1.42 | 82% | 40,555 | 37 |
| 2024 | 766 | $1.7B | $103M | 1.9% | 5.7% | 0 | 1.67 | 82% | 42,787 | 46 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andy Rose | corporate officer | 2023-07 | ||
| Andy Rose | corporate director | 2021-07 | ||
| Arvind Malik | corporate director | 2024-07 | ||
| Carolyn Kile | corporate director | 2023-07 | ||
| Charles Gossman | corporate officer | 2018-08 | ||
| David Eichinger | corporate director | 2017-07 | ||
| David Harrison | corporate director | 2020-07 | ||
| Donna James | corporate officer | 2021-07 | ||
| Donna James | corporate director | 2021-07 | ||
| Elizabeth Ingram | corporate officer | 2024-07 | ||
| Elizabeth Ingram | corporate director | 2015-07 | ||
| Gregory Palmer | corporate director | 2012-09 | ||
| Jeffrey Hutchison | corporate director | 2021-07 | ||
| Jennifer Papp | corporate director | 2024-07 | ||
| John Schwemer | corporate director | 2020-02 | ||
| Karen Cook | corporate director | 2017-10 | ||
| Linda Hondros | corporate officer | 2024-07 | ||
| Linda Hondros | corporate director | 2019-07 | ||
| Michael Browning | corporate officer | 2019-06 | ||
| Michael Coleman | corporate director | 2020-07 | ||
| Mike Mahaffey | corporate director | 2023-07 | ||
| Nicholas Honda | corporate director | 2024-07 | ||
| Ohiohealth Corporation | operational/managerial control | 2007-09 | ||
| Peggy Simmons | corporate director | 2024-07 | ||
| Robert Cercek | corporate officer | 2019-10 |
Showing 25 of 30. Full list via /api/targets/360006.
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.
Who has been buying in OH
Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2022-03-01 | Mercy Health - St Vincent Medical... | Mercy Health-St Charles Hospital Llc | St Vincent Medical Center | 516 |
| 2022-03-01 | Mercy Health - St Vincent Medical... | Mercy Health-St Charles Hospital Llc | St Vincent Medical Center | 516 |
| 2022-03-01 | Mercy Health - St Vincent Medical... | Mercy Health-St Charles Hospital Llc | St Vincent Medical Center | 516 |
| 2022-03-01 | Mercy Health - St Vincent Medical... | Mercy Health - St Anne Hospital Llc | St Vincent Medical Center | 516 |
| 2020-10-01 | The Good Samaritan Hospital Of... | Trihealth Hospital, Inc | Good Samaritan Hospital | 362 |
| 2019-04-01 | Ohiohealth Berger Hospital Llc | Berger Hospital | Berger Hospital | 83 |
| 2018-12-02 | The Toledo Hospital | Flower Hospital | The Toledo Hospital | 730 |
| 2016-10-31 | Prime Healthcare Foundation -... | Coshocton County Memorial Hospital... | Coshocton Regional Medical Center | 56 |