Coshocton Regional Medical Center
Coshocton, Coshocton County, OH
· CCN 360109
Licensed to Prime Healthcare Foundation - Coshocton, Llc
Composite
59.1
rank score
Distress
81
FY2023
Fit
56
vs thesis
Estimated ticket
$3.9M–$7.8M
56 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- 30-60 days cash on hand
- current ratio below 0.8
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $42.3M |
| Operating margin | -11.9% |
| Total margin | -6.4% |
| Days cash on hand | 36 |
| Current ratio | -0.16 |
| Occupancy | 23% |
Facility
| Beds | 56 |
| Facility type | STH |
| Setting | rural |
| Ownership class | for-profit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 56 | $53.0M | $18.6M | 19.7% | 30.4% | 75 | 8.86 | 27% | 1,569 | 19 |
| 2021 | 56 | $58.3M | $14.9M | 19.2% | 24.0% | 85 | 1.89 | 33% | 1,613 | 16 |
| 2022 | 56 | $52.0M | $4.7M | 4.3% | 8.7% | 47 | 2.88 | 27% | 1,294 | 26 |
| 2023 | 56 | $42.3M | $-2.8M | -11.9% | -6.4% | 36 | -0.16 | 23% | 1,110 | 81 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Prime Healthcare Foundation Inc | 5% or greater direct ownership interest | 100 | 2016-10 | |
| Prime Healthcare Services, Inc | 5% or greater indirect ownership interest | 100 | 2016-10 | |
| Christopher Doan | corporate officer | 2013-04 | ||
| Kavitha Bhatia | corporate director | 2016-10 | ||
| Stephanie Conn | corporate director | 2016-10 | ||
| Stephanie Conn | w-2 managing employee | 2016-10 | ||
| Steven Aleman | corporate officer | 2020-06 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2016-10-31 | change of ownership | Prime Healthcare Foundation -... | Coshocton County Memorial... |
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 |