Univ Of Toledo Medl Center
dba University Of Toledo Medical Center ·
Toledo, Lucas County, OH
· CCN 360048
Licensed to Medical University Of Ohio At Toledo
Composite
54.7
rank score
Distress
65
FY2024
Fit
64
vs thesis
Estimated ticket
$18.0M–$36.0M
212 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- under 30 days cash on hand
- current liabilities exceed current assets
- occupancy 45-60%
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- moderate occupancy
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $327M |
| Operating margin | -40.3% |
| Total margin | 3.2% |
| Days cash on hand | 0 |
| Current ratio | 0.95 |
| Occupancy | 59% |
Facility
| Beds | 212 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 212 | $374M | $95.6M | 14.5% | 23.0% | 16 | 1.35 | 47% | 7,075 | 28 |
| 2022 | 212 | $267M | $12.6M | -36.6% | 3.3% | 0 | 1.75 | 47% | 6,951 | 52 |
| 2023 | 212 | $295M | $15.2M | -41.9% | 3.5% | 0 | 0.91 | 53% | 7,473 | 61 |
| 2024 | 212 | $327M | $15.1M | -40.3% | 3.2% | 0 | 0.95 | 59% | 7,443 | 65 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Troy Holmes | w-2 managing employee | 100 | 2019-03 | |
| Troy Holmes | operational/managerial control | 100 | 2019-03 | |
| Christine Stesney-Ridenour | corporate officer | 14 | 2020-04 | |
| Daniel Barbee | corporate officer | 14 | 2024-11 | |
| Kurt Kless | corporate officer | 14 | 2021-08 | |
| Matthew Schroeder | corporate officer | 14 | 2024-05 | |
| Michael Ellis | corporate officer | 14 | 2017-08 | |
| Russell Smith | corporate officer | 14 | 2019-06 | |
| Troy Holmes | corporate officer | 14 | 2020-04 |
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 |