Greene Memorial Hospital Inc.
dba Kettering Health Greene Memorial ·
Xenia, Greene County, OH
· CCN 360026
Licensed to Greene Memorial Hospital Inc
Composite
56.4
rank score
Distress
75
FY2023
Fit
56
vs thesis
Estimated ticket
$4.5M–$18.2M
13 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- liabilities exceed assets
- occupancy 30-45%
- urban — higher occupancy and iteration surface
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $35.5M |
| Operating margin | -19.1% |
| Total margin | -10.7% |
| Days cash on hand | 13 |
| Current ratio | 1.81 |
| Occupancy | 31% |
Facility
| Beds | 13 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 13 | $36.1M | $-4.8M | -25.5% | -11.8% | 10 | 0.81 | 39% | 1,158 | 92 |
| 2021 | 13 | $33.2M | $436K | -13.7% | 1.1% | 15 | 0.70 | 29% | 627 | 87 |
| 2022 | 13 | $33.4M | $-1.0M | -17.9% | -2.7% | 14 | 1.46 | 31% | 596 | 78 |
| 2023 | 13 | $35.5M | $-4.1M | -19.1% | -10.7% | 13 | 1.81 | 31% | 596 | 75 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Kettering Adventist Healthcare | operational/managerial control | 100 | 2009-07 | |
| Adele Riley | corporate director | 2024-01 | ||
| Andrew Sutton | corporate director | 2025-02 | ||
| Cherish Prutzman | corporate director | 2024-01 | ||
| Harvey Hahn | corporate director | 2025-02 | ||
| John Sackett | corporate director | 2024-11 | ||
| Keisha Stubbs-Bone | corporate director | 2024-01 | ||
| Kettering Adventist Healthcare | other | 2024-01 | ||
| Kevin Sharrett | corporate director | 2024-01 | ||
| Leslie Neff | corporate director | 2024-01 | ||
| Marcellus Robinson | corporate officer | 2024-04 | ||
| Marcellus Robinson | corporate director | 2024-04 | ||
| Michael Gentry | corporate officer | 2023-07 | ||
| Michael Gentry | corporate director | 2024-01 | ||
| Paul Hoover | w-2 managing employee | 2025-09 | ||
| Peter Landless | corporate director | 2025-02 | ||
| Robert Patterson | corporate director | 2024-01 | ||
| Robert Weigel | corporate director | 2024-01 | ||
| Tamara Thomas | corporate director | 2024-01 | ||
| Timothy Ko | corporate officer | 2022-11 | ||
| Troy Tyner | corporate director | 2024-01 | ||
| Vanessa Oliver-Ward | corporate director | 2025-02 |
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 |