Metrohealth Medical Center
Cleveland, Cuyahoga County, OH
· CCN 360059
Licensed to The Metrohealth System
Composite
19.6
rank score
Distress
56
FY2023
Fit
60
vs thesis
Estimated ticket
$213M–$852M
501 beds ·
over envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin under 2%
- 30-60 days cash on hand
- debt above 85% of assets
- margin deteriorating
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $1.3B |
| Operating margin | -44.5% |
| Total margin | 1.7% |
| Days cash on hand | 35 |
| Current ratio | 1.67 |
| Occupancy | 62% |
Facility
| Beds | 501 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| 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 | 539 | $1.1B | $81.9M | -34.5% | 5.4% | 94 | 2.41 | 57% | 19,672 | 46 |
| 2021 | 552 | $1.2B | $122M | -23.8% | 7.6% | 78 | 1.86 | 61% | 21,065 | 46 |
| 2022 | 580 | $1.2B | $-24.6M | -35.5% | -1.6% | 43 | 1.49 | 57% | 19,432 | 62 |
| 2023 | 501 | $1.3B | $31.2M | -44.5% | 1.7% | 35 | 1.67 | 62% | 20,086 | 56 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jennifer Walker-Rosario | w-2 managing employee | 2020-10 | ||
| Joseph Varga | w-2 managing employee | 2009-08 |
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 |