Aultman Hospital
Canton, Stark County, OH
· CCN 360084
Licensed to Aultman Hospital
Composite
51.0
rank score
Distress
47
FY2023
Fit
74
vs thesis
Estimated ticket
$33.5M–$67.0M
335 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin under 2%
- 30-60 days cash on hand
- current ratio under 1.5
- margin deteriorating
- rural — cheaper but limited density
- large — ticket likely stretches the envelope
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $651M |
| Operating margin | -9.2% |
| Total margin | 0.3% |
| Days cash on hand | 34 |
| Current ratio | 1.04 |
| Occupancy | 71% |
Facility
| Beds | 335 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 386 | $529M | $26.5M | -5.6% | 4.5% | 25 | 0.86 | 66% | 21,614 | 53 |
| 2021 | 386 | $586M | $26.6M | -2.0% | 4.3% | 15 | 0.72 | 68% | 20,087 | 51 |
| 2022 | 365 | $586M | $7.1M | -5.6% | 1.1% | 17 | 0.81 | 69% | 19,152 | 57 |
| 2023 | 335 | $651M | $2.1M | -9.2% | 0.3% | 34 | 1.04 | 71% | 20,316 | 47 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Aultman Health Foundation | 5% or greater direct ownership interest | 100 | 1986-07 | |
| Adam Luntz | corporate officer | 2019-12 | ||
| Adam Luntz | corporate director | 2017-08 | ||
| Adam Luntz | w-2 managing employee | 2017-08 | ||
| Mark Wright | corporate officer | 2002-08 | ||
| Mark Wright | operational/managerial control | 2002-08 | ||
| Robert Mullen | corporate officer | 2024-07 | ||
| Robert Mullen | w-2 managing employee | 2024-07 |
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 |