Fairview Hospital
Cleveland, Cuyahoga County, OH
· CCN 360077
Licensed to Fairview Hospital
Composite
14.5
rank score
Distress
25
FY2023
Fit
62
vs thesis
Estimated ticket
$233M–$932M
466 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- 30-60 days cash on hand
- margin deteriorating sharply
- 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 · FY2023
| Net patient revenue | $671M |
| Operating margin | 17.7% |
| Total margin | 35.9% |
| Days cash on hand | 47 |
| Current ratio | 2.88 |
| Occupancy | 72% |
Facility
| Beds | 466 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 466 | $515M | $333M | 17.2% | 43.8% | 57 | 3.08 | 62% | 23,346 | 17 |
| 2021 | 466 | $592M | $391M | 22.1% | 45.9% | 37 | 2.87 | 68% | 24,750 | 17 |
| 2022 | 466 | $593M | $-100M | 11.6% | -23.7% | 33 | 2.33 | 68% | 24,027 | 33 |
| 2023 | 466 | $671M | $309M | 17.7% | 35.9% | 47 | 2.88 | 72% | 25,124 | 25 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| The Cleveland Clinic Foundation | 5% or greater direct ownership interest | 100 | 1997-02 | |
| Albert Salvatore | corporate director | 2021-03 | ||
| Alex Gorsky | corporate director | 2024-06 | ||
| Beri Ridgeway | corporate director | 2021-01 | ||
| Beth Mooney | corporate officer | 2019-05 | ||
| Beth Mooney | corporate director | 2011-05 | ||
| Betty Kemper | corporate director | 2020-06 | ||
| Bonnie Gwin | corporate director | 2023-02 | ||
| Carole Hoover | corporate director | 2011-05 | ||
| Catherine Kilbane | corporate director | 2019-05 | ||
| Dan Schulman | corporate director | 2022-02 | ||
| Deborah Crawford | corporate director | 2018-01 | ||
| 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 | 2011-05 | ||
| Heidi Sathre | w-2 managing employee | 2015-01 | ||
| Hiroyuki Fujita | corporate director | 2020-01 | ||
| Jessica Mcardle | w-2 managing employee | 2023-12 | ||
| John Waldron | corporate director | 2021-02 | ||
| Jorge Guzman | corporate director | 2024-07 | ||
| Larry Pollock | corporate director | 2011-05 | ||
| Lorraine Vega | corporate director | 2016-01 | ||
| Marcia Ballinger | corporate director | 2025-01 | ||
| Marianne Crosley | corporate director | 2024-07 |
Showing 25 of 45. Full list via /api/targets/360077.
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 |