Uh Portage Medical Center
dba University Hospitals Portage Medical Center ·
Ravenna, Portage County, OH
· CCN 360078
Licensed to Robinson Health System Inc
Composite
59.7
rank score
Distress
52
FY2023
Fit
86
vs thesis
Estimated ticket
$42.1M–$168M
99 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin negative
- margin deteriorating sharply
- 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
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $156M |
| Operating margin | -10.2% |
| Total margin | -0.7% |
| Days cash on hand | — |
| Current ratio | 3.62 |
| Occupancy | 63% |
Facility
| Beds | 99 |
| 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 | 190 | $136M | $7.4M | -2.9% | 5.0% | 0 | 1.40 | 35% | 5,834 | 47 |
| 2021 | 187 | $163M | $11.8M | 2.7% | 6.9% | — | 2.01 | 41% | 6,333 | 7 |
| 2022 | 180 | $163M | $3.3M | -3.8% | 1.9% | — | 2.88 | 38% | 5,755 | 31 |
| 2023 | 99 | $156M | $-1.2M | -10.2% | -0.7% | — | 3.62 | 63% | 5,120 | 52 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| University Hospitals Health System Inc | 5% or greater direct ownership interest | 100 | 2013-12 | chain |
| Cliff Megerian | corporate officer | 2021-01 | ||
| Cliff Megerian | corporate director | 2021-01 | ||
| Michelle Gallucci | corporate officer | 2025-07 | ||
| William Benoit | corporate officer | 2018-01 | ||
| William Benoit | w-2 managing employee | 2018-01 |
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 |