The Ohio State University Hospital
Columbus, Franklin County, OH
· CCN 360085
Licensed to Ohio State University Hospitals
Composite
65.2
rank score
Distress
84
FY2024
Fit
68
vs thesis
Estimated ticket
$70.7M–$141M
1,010 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin negative
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- margin deteriorating sharply
- rural — cheaper but limited density
- very large — likely out of range
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $2.3B |
| Operating margin | -27.6% |
| Total margin | -2.7% |
| Days cash on hand | 0 |
| Current ratio | -5.35 |
| Occupancy | 76% |
Facility
| Beds | 1,010 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 1,008 | $2.2B | $129M | -5.4% | 5.3% | 0 | -3.34 | 80% | 48,902 | 69 |
| 2022 | 1,016 | $2.0B | $-116M | -26.5% | -4.7% | 0 | -4.01 | 80% | 45,718 | 87 |
| 2023 | 1,012 | $2.1B | $-80.4M | -32.1% | -3.0% | 0 | -6.74 | 79% | 42,516 | 87 |
| 2024 | 1,010 | $2.3B | $-77.4M | -27.6% | -2.7% | 0 | -5.35 | 76% | 46,949 | 84 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bryan Pyles | w-2 managing employee | 100 | 2024-09 | |
| Bryan Pyles | operational/managerial control | 100 | 2024-09 | |
| Ohio State University | 5% or greater direct ownership interest | 100 | 2014-12 | |
| Richard Silveria | corporate officer | 100 | 2025-04 | |
| Richard Silveria | operational/managerial control | 100 | 2025-04 |
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 |