Mount Carmel Health
dba Mount Carmel East ·
Columbus, Franklin County, OH
· CCN 360035
Licensed to Mount Carmel Health System
Composite
22.3
rank score
Distress
64
FY2024
Fit
62
vs thesis
Estimated ticket
$226M–$904M
532 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio under 1.5
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- 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 | $780M |
| Operating margin | -7.4% |
| Total margin | -3.5% |
| Days cash on hand | 23 |
| Current ratio | 1.23 |
| Occupancy | 66% |
Facility
| Beds | 532 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 578 | $772M | $18.7M | -4.1% | 2.3% | 25 | 1.30 | 65% | 29,205 | 41 |
| 2022 | 573 | $741M | $-93.8M | -15.6% | -12.2% | 21 | 1.30 | 63% | 27,531 | 70 |
| 2023 | 520 | $736M | $-59.5M | -11.5% | -7.8% | 22 | 1.17 | 65% | 30,022 | 66 |
| 2024 | 532 | $780M | $-28.1M | -7.4% | -3.5% | 23 | 1.23 | 66% | 30,605 | 64 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Trinity Health Corporation | 5% or greater direct ownership interest | 100 | 2000-05 | chain |
| Brian Pierson | contracted managing employee | 2024-10 | ||
| Brian Pierson | corporate officer | 2024-10 | ||
| Brian Pierson | operational/managerial control | 2024-10 | ||
| Brian Zimmerman | corporate officer | 2025-08 | ||
| Brian Zimmerman | operational/managerial control | 2025-08 | ||
| Charles Sanders | corporate officer | 2025-01 | ||
| Charles Sanders | corporate director | 2019-01 | ||
| Cherie Richey | corporate director | 2022-01 | ||
| Corey Dayhuff | corporate director | 2025-01 | ||
| Daniel Hackett | corporate officer | 2019-01 | ||
| David Montgomery | corporate director | 2020-01 | ||
| Hollie Foust | corporate director | 2024-01 | ||
| Ian Czaja | corporate director | 2025-01 | ||
| Jennifer Spalding | corporate director | 2025-01 | ||
| Mary Nickerson | corporate director | 2020-01 | ||
| Michael Finegan | corporate officer | 2025-04 | ||
| Michael Finegan | operational/managerial control | 2025-04 | ||
| Ramon Jones | corporate director | 2024-01 | ||
| Stuart Kilpinen | corporate director | 2021-01 | ||
| Stuart Kilpinen | operational/managerial control | 2023-06 | ||
| Su Lok | corporate director | 2022-01 | ||
| Suzanne Brennan | corporate officer | 2025-08 | ||
| Suzanne Brennan | corporate director | 2020-01 | ||
| Tanya Hahn | corporate officer | 2025-01 |
Showing 25 of 30. Full list via /api/targets/360035.
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 |