Grant Medical Center
Columbus, Franklin County, OH
· CCN 360017
Licensed to Ohiohealth Corporation
Composite
16.7
rank score
Distress
37
FY2024
Fit
62
vs thesis
Estimated ticket
$252M–$1.0B
505 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- debt above 85% of 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 | $1.3B |
| Operating margin | 11.7% |
| Total margin | 13.0% |
| Days cash on hand | 0 |
| Current ratio | 1.96 |
| Occupancy | 67% |
Facility
| Beds | 505 |
| 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 | 443 | $868M | $186M | 18.1% | 20.7% | 0 | 1.05 | 62% | 17,499 | 37 |
| 2022 | 449 | $935M | $167M | 15.3% | 17.4% | 0 | 0.93 | 67% | 17,778 | 42 |
| 2023 | 448 | $1.0B | $98.6M | 8.1% | 9.6% | — | 0.44 | 68% | 17,968 | 27 |
| 2024 | 505 | $1.3B | $166M | 11.7% | 13.0% | 0 | 1.96 | 67% | 21,844 | 37 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andy Rose | corporate officer | 2023-07 | ||
| Andy Rose | corporate director | 2021-07 | ||
| Arvind Malik | corporate director | 2024-01 | ||
| Carolyn Kile | corporate director | 2023-07 | ||
| 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 | 2023-10 | ||
| 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 | ||
| Michael Lawson | corporate officer | 2010-10 | ||
| Michael Lawson | corporate director | 2010-10 | ||
| Michael Lawson | w-2 managing employee | 2010-10 | ||
| Mike Mahaffey | corporate director | 2023-07 | ||
| Mutoro Bushiri | corporate officer | 2020-02 | ||
| Nicholas Honda | corporate director | 2024-01 |
Showing 25 of 31. Full list via /api/targets/360017.
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 |