Uh Parma Medical Center
dba University Hospitals Parma Medical Center ·
Parma, Cuyahoga County, OH
· CCN 360041
Licensed to Parma Community General Hospital Association
Composite
65.5
rank score
Distress
68
FY2023
Fit
82
vs thesis
Estimated ticket
$76.1M–$304M
179 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- occupancy 45-60%
- margin deteriorating
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $203M |
| Operating margin | -12.1% |
| Total margin | -9.3% |
| Days cash on hand | 1 |
| Current ratio | 1.64 |
| Occupancy | 53% |
Facility
| Beds | 179 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 231 | $163M | $-10.6M | -11.5% | -6.2% | 1 | 0.68 | 35% | 7,204 | 81 |
| 2021 | 204 | $182M | $1.9M | -6.7% | 1.0% | 1 | 0.66 | 47% | 7,833 | 63 |
| 2022 | 190 | $190M | $-21.5M | -13.1% | -11.1% | 1 | 1.22 | 50% | 7,987 | 72 |
| 2023 | 179 | $203M | $-19.4M | -12.1% | -9.3% | 1 | 1.64 | 53% | 7,907 | 68 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Parma Community General Hospital Association | operational/managerial control | 100 | 1966-10 | |
| University Hospitals Health System Inc | 5% or greater direct ownership interest | 100 | 2014-01 | chain |
| Brian Monter | corporate officer | 2020-07 | ||
| Brian Monter | w-2 managing employee | 2020-07 | ||
| Cliff Megerian | corporate officer | 2021-01 | ||
| Cliff Megerian | corporate director | 2021-01 | ||
| Michelle Gallucci | corporate officer | 2025-07 |
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 |