Joint Township District Memorial Hos
dba Grand Lake Health System ·
St. Marys, Auglaize County, OH
· CCN 360032
Licensed to Joint Township District Memorial Hospital
Composite
32.0
rank score
Distress
20
FY2023
Fit
58
vs thesis
Estimated ticket
$3.3M–$6.6M
33 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- 60-90 days cash on hand
- occupancy 30-45%
- margin deteriorating
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $97.7M |
| Operating margin | 5.6% |
| Total margin | 8.1% |
| Days cash on hand | 68 |
| Current ratio | 3.64 |
| Occupancy | 35% |
Facility
| Beds | 33 |
| 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 | 33 | $81.8M | $11.6M | 2.6% | 12.7% | 78 | 2.40 | 36% | 1,365 | 16 |
| 2021 | 33 | $96.4M | $10.0M | 9.2% | 10.3% | 74 | 3.29 | 39% | 1,376 | 16 |
| 2022 | 33 | $95.6M | $6.2M | 9.3% | 6.4% | 64 | 3.54 | 35% | 1,276 | 16 |
| 2023 | 33 | $97.7M | $8.1M | 5.6% | 8.1% | 68 | 3.64 | 35% | 1,333 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Brian Schlosser | corporate director | 2022-07 | ||
| Christopher Stucke | corporate director | 2024-01 | ||
| Claudia Coe | corporate director | 2017-09 | ||
| Connie Meiring | corporate director | 2026-05 | ||
| Cynthia Berning | corporate officer | 2020-09 | ||
| Cynthia Berning | w-2 managing employee | 2020-09 | ||
| Jeffrey Squire | corporate director | 2020-01 | ||
| Kenneth Fox | corporate director | 2020-01 | ||
| Lana Hinders | operational/managerial control | 2024-05 | ||
| Michael Boley | corporate director | 2025-01 | ||
| Randall Niekamp | corporate director | 2021-01 | ||
| Tricia Pohl | corporate officer | 2022-01 | ||
| Tricia Pohl | w-2 managing employee | 2022-01 | ||
| Tyler Kroeger | operational/managerial control | 2024-05 | ||
| Wally Wagner | corporate director | 2020-01 |
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 |