St Vincent Medical Center
dba Mercy Health St. Vincent Medical Center ·
Toledo, Lucas County, OH
· CCN 360112
Licensed to Mercy Health - St Vincent Medical Center Llc
Composite
50.9
rank score
Distress
49
FY2023
Fit
68
vs thesis
Estimated ticket
$51.6M–$103M
516 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- under 30 days cash on hand
- current ratio under 1.5
- margin deteriorating
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- very large — likely out of range
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $922M |
| Operating margin | -5.1% |
| Total margin | 3.7% |
| Days cash on hand | 1 |
| Current ratio | 1.41 |
| Occupancy | 74% |
Facility
| Beds | 516 |
| 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 | 332 | $537M | $37.0M | -4.1% | 6.2% | 0 | 1.12 | 63% | 18,062 | 41 |
| 2021 | 311 | $591M | $34.4M | -3.9% | 5.3% | 1 | 0.91 | 73% | 19,510 | 47 |
| 2022 | 483 | $802M | $-4.2M | -10.9% | -0.5% | 1 | 1.97 | 65% | 26,550 | 58 |
| 2023 | 516 | $922M | $37.5M | -5.1% | 3.7% | 1 | 1.41 | 74% | 32,688 | 49 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bon Secours Mercy Health Inc | 5% or greater indirect ownership interest | 100 | 2018-09 | chain |
| Mercy Health North Llc | 5% or greater direct ownership interest | 100 | 1966-07 | |
| Alexander Garvey | corporate director | 2025-01 | ||
| Bridget Deegan-Krause | corporate director | 2019-01 | ||
| Dale Thornton | corporate director | 2022-01 | ||
| David Zenk | corporate director | 2021-01 | ||
| Gina Skolmowski | corporate director | 2019-01 | ||
| James Brazeau | corporate director | 2026-01 | ||
| Jason Kucsma | corporate director | 2021-01 | ||
| Jeffrey Dempsey | corporate officer | 2017-07 | ||
| Jeffrey Dempsey | corporate director | 2017-07 | ||
| Jeffrey Dempsey | w-2 managing employee | 2017-07 | ||
| John Starcher | operational/managerial control | 2016-02 | ||
| Kimberly Ralston | w-2 managing employee | 2017-10 | ||
| Luis Santiago | corporate director | 2023-01 | ||
| Mark Ridenour | corporate director | 2012-04 | ||
| Marvin Whitfield | corporate director | 2025-01 | ||
| Randall King | corporate director | 2022-01 | ||
| Ronda Lehman | corporate director | 2026-05 | ||
| Thomas Bush | corporate director | 2026-01 | ||
| Timothy Goligoski | corporate director | 2024-02 | ||
| Wael Haidar | corporate director | 2023-01 | ||
| Wendy Huntley | corporate director | 2020-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2022-03-01 | acquisition/merger | Mercy Health - St Vincent... | Mercy Health-St Charles Hospital Llc |
| 2022-03-01 | acquisition/merger | Mercy Health - St Vincent... | Mercy Health-St Charles Hospital Llc |
| 2022-03-01 | acquisition/merger | Mercy Health - St Vincent... | Mercy Health-St Charles Hospital Llc |
| 2022-03-01 | acquisition/merger | Mercy Health - St Vincent... | Mercy Health - St Anne Hospital Llc |
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 |