Union Hospital Association
dba Cleveland Clinic Union Hospital ·
Dover, Tuscarawas County, OH
· CCN 360010
Licensed to The Union Hospital Association
Composite
57.5
rank score
Distress
68
FY2023
Fit
62
vs thesis
Estimated ticket
$6.5M–$13.1M
77 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- occupancy 45-60%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $112M |
| Operating margin | -12.8% |
| Total margin | -6.1% |
| Days cash on hand | 0 |
| Current ratio | 3.59 |
| Occupancy | 50% |
Facility
| Beds | 77 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 122 | $102M | $8.3M | -10.9% | 6.8% | 0 | 2.34 | 37% | 3,912 | 56 |
| 2021 | 77 | $106M | $2.5M | -13.8% | 2.0% | 0 | 1.94 | 44% | 3,682 | 56 |
| 2022 | 77 | $108M | $-14.3M | -15.1% | -13.0% | 7 | 1.93 | 45% | 3,509 | 69 |
| 2023 | 77 | $112M | $-7.2M | -12.8% | -6.1% | 0 | 3.59 | 50% | 3,942 | 68 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| The Cleveland Clinic Foundation | 5% or greater indirect ownership interest | 100 | 2018-04 | chain |
| The Cleveland Clinic Foundation | operational/managerial control | 100 | 2018-04 | chain |
| Union Health System | 5% or greater direct ownership interest | 100 | 2018-04 | |
| Anne Geib Hanner | corporate director | 2011-04 | ||
| Bradley Bielski, Phd | corporate officer | 2023-02 | ||
| Bradley Bielski, Phd | corporate director | 2021-02 | ||
| Dennis Laraway | corporate officer | 2023-03 | ||
| Doreen Meredith | w-2 managing employee | 2015-08 | ||
| Douglas Bambeck | corporate director | 2023-02 | ||
| Dragana Rodic | w-2 managing employee | 2024-03 | ||
| Elizabeth Stephenson | corporate director | 2021-02 | ||
| Heidi Sathre | w-2 managing employee | 2017-01 | ||
| James Knisely | corporate director | 2008-05 | ||
| Jessica Mcardle | w-2 managing employee | 2023-12 | ||
| Joel Lehman | corporate director | 2023-04 | ||
| Jorge Guzman | corporate director | 2024-07 | ||
| Julie Fetto | corporate director | 2018-04 | ||
| Kavitha Natesa-Subramanian | w-2 managing employee | 2025-10 | ||
| Kevin Grey | corporate director | 2013-04 | ||
| Mark Malloy | corporate officer | 2020-10 | ||
| Mark Malloy | corporate director | 2020-10 | ||
| Michael Gigax | corporate director | 2023-01 | ||
| Michael Gigax | w-2 managing employee | 2023-01 | ||
| Patricia Warther | corporate officer | 2020-01 | ||
| Patricia Warther | corporate director | 2015-04 |
Showing 25 of 33. Full list via /api/targets/360010.
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 |