Ccf Mercy Medical Center
dba Mercy Medical Center ·
Canton, Stark County, OH
· CCN 360070
Licensed to Cleveland Clinic Mercy Hospital
Composite
65.9
rank score
Distress
84
FY2023
Fit
66
vs thesis
Estimated ticket
$22.2M–$44.4M
317 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 45-60%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- large — ticket likely stretches the envelope
- small ticket — deploys little of the available capital
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $354M |
| Operating margin | -15.3% |
| Total margin | -11.8% |
| Days cash on hand | 0 |
| Current ratio | 0.12 |
| Occupancy | 58% |
Facility
| Beds | 317 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 349 | $321M | $-5.2M | -12.1% | -1.5% | 82 | 1.57 | 50% | 12,483 | 48 |
| 2021 | 317 | $368M | $6.1M | -6.5% | 1.5% | 47 | 2.05 | 59% | 13,303 | 44 |
| 2022 | 317 | $355M | $-42.6M | -14.5% | -11.7% | 0 | 0.74 | 58% | 13,163 | 82 |
| 2023 | 317 | $354M | $-43.2M | -15.3% | -11.8% | 0 | 0.12 | 58% | 15,295 | 84 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| The Cleveland Clinic Foundation | 5% or greater direct ownership interest | 100 | 2021-02 | chain |
| The Cleveland Clinic Foundation | operational/managerial control | 100 | 2021-02 | chain |
| Albert Salvatore | corporate director | 2021-02 | ||
| Alex Gorsky | corporate director | 2024-06 | ||
| Beri Ridgeway | corporate director | 2021-02 | ||
| Beth Mooney | corporate officer | 2021-03 | ||
| Beth Mooney | corporate director | 2021-02 | ||
| Betty Kemper | corporate director | 2021-02 | ||
| Bonnie Gwin | corporate director | 2023-02 | ||
| Carole Hoover | corporate director | 2021-02 | ||
| Catherine Kilbane | corporate director | 2021-02 | ||
| Dan Schulman | corporate director | 2022-02 | ||
| Dennis Laraway | corporate officer | 2023-03 | ||
| Doreen Meredith | w-2 managing employee | 2015-08 | ||
| Dragana Rodic | w-2 managing employee | 2024-03 | ||
| Frederick Nance | corporate director | 2021-02 | ||
| Heidi Sathre | w-2 managing employee | 2021-02 | ||
| Hiroyuki Fujita | corporate director | 2021-02 | ||
| Jessica Mcardle | w-2 managing employee | 2023-12 | ||
| John Waldron | corporate director | 2021-02 | ||
| Jorge Guzman | corporate director | 2024-07 | ||
| Larry Pollock | corporate director | 2021-02 | ||
| Lorraine Vega | corporate director | 2021-02 | ||
| Marcia Ballinger | corporate director | 2025-01 | ||
| Marianne Crosley | corporate director | 2024-07 |
Showing 25 of 45. Full list via /api/targets/360070.
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 |