Euclid Hospital
Euclid, Cuyahoga County, OH
· CCN 360082
Licensed to Cleveland Clinic Health System - East Region
Composite
69.2
rank score
Distress
84
FY2023
Fit
78
vs thesis
Estimated ticket
$31.5M–$126M
90 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
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size somewhat below the envelope
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $103M |
| Operating margin | -17.9% |
| Total margin | -17.1% |
| Days cash on hand | 0 |
| Current ratio | -3.28 |
| Occupancy | 54% |
Facility
| Beds | 90 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 110 | $93.0M | $-7.6M | -18.2% | -7.4% | 0 | -1.24 | 44% | 4,794 | 92 |
| 2021 | 110 | $114M | $-1.6M | -4.0% | -1.4% | 0 | -1.10 | 47% | 4,611 | 72 |
| 2022 | 110 | $106M | $-10.4M | -14.4% | -9.4% | 0 | -1.90 | 40% | 3,947 | 97 |
| 2023 | 90 | $103M | $-17.8M | -17.9% | -17.1% | 0 | -3.28 | 54% | 4,492 | 84 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Cleveland Clinic Health System - East Region | 5% or greater indirect ownership interest | 100 | 1997-02 | |
| The Cleveland Clinic Foundation | 5% or greater direct ownership interest | 100 | 1997-04 | |
| The Cleveland Clinic Foundation | operational/managerial control | 100 | 2007-11 | |
| 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 | 2020-08 | ||
| 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 |
Showing 25 of 47. Full list via /api/targets/360082.
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 |