Akron General Medical Center
Akron, Summit County, OH
· CCN 360027
Licensed to Akron General Medical Center
Composite
28.9
rank score
Distress
0
FY2023
Fit
68
vs thesis
Estimated ticket
$40.1M–$80.2M
401 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- very large — likely out of range
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $828M |
| Operating margin | 13.8% |
| Total margin | 19.1% |
| Days cash on hand | 266 |
| Current ratio | 5.64 |
| Occupancy | 75% |
Facility
| Beds | 401 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 401 | $640M | $120M | 7.3% | 16.8% | 197 | 3.63 | 68% | 22,614 | 0 |
| 2021 | 401 | $767M | $204M | 16.4% | 24.2% | 221 | 4.15 | 77% | 23,774 | 0 |
| 2022 | 401 | $774M | $95.5M | 13.1% | 12.4% | 263 | 4.84 | 76% | 23,515 | 0 |
| 2023 | 401 | $828M | $168M | 13.8% | 19.1% | 266 | 5.64 | 75% | 24,767 | 0 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Akron General Health System | 5% or greater direct ownership interest | 100 | 1986-12 | |
| The Cleveland Clinic Foundation | 5% or greater indirect ownership interest | 100 | 2014-09 | chain |
| Bret Treier | corporate director | 2010-05 | ||
| Carla Chapman | corporate director | 2023-06 | ||
| Charles Billow | corporate director | 2016-06 | ||
| Daniel Vazquez | corporate director | 2023-05 | ||
| David Frigo | corporate officer | 2016-06 | ||
| David Frigo | w-2 managing employee | 2016-07 | ||
| David Hedrick | corporate director | 2022-05 | ||
| David Pellegrini | corporate director | 2020-05 | ||
| Dennis Laraway | corporate officer | 2023-03 | ||
| Diane Miller-Dawson | corporate officer | 2024-05 | ||
| Diane Miller-Dawson | corporate director | 2016-06 | ||
| Donna Skoda | corporate director | 2024-02 | ||
| Doreen Meredith | w-2 managing employee | 2019-03 | ||
| Dragana Rodic | w-2 managing employee | 2024-03 | ||
| Erin Simon | corporate director | 2022-05 | ||
| Heidi Sathre | w-2 managing employee | 2017-05 | ||
| Jessica Mcardle | w-2 managing employee | 2023-12 | ||
| Jorge Guzman | corporate director | 2024-07 | ||
| Jose Vasquez, Md | corporate director | 2024-05 | ||
| Karen Sealy | corporate director | 2021-11 | ||
| Kathleen Rogers | corporate director | 2024-01 | ||
| Kris Bennett | corporate director | 2018-12 | ||
| Laura Dicola | corporate director | 2021-11 |
Showing 25 of 41. Full list via /api/targets/360027.
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 |