Good Samaritan Hospital
Cincinnati, Hamilton County, OH
· CCN 360134
Licensed to The Good Samaritan Hospital Of Cincinnati, Ohio
Composite
52.0
rank score
Distress
51
FY2024
Fit
72
vs thesis
Estimated ticket
$154M–$615M
362 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- total margin negative
- under 30 days cash on hand
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size well above the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $915M |
| Operating margin | -1.1% |
| Total margin | -0.5% |
| Days cash on hand | 0 |
| Current ratio | 1.55 |
| Occupancy | 77% |
Facility
| Beds | 362 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 370 | $787M | $150M | 3.1% | 16.6% | 0 | 0.78 | 77% | 17,492 | 36 |
| 2022 | 387 | $829M | $-14.8M | 5.1% | -1.7% | 0 | 0.69 | 78% | 17,695 | 43 |
| 2023 | 361 | $871M | $20.8M | 3.5% | 2.2% | 0 | 1.16 | 79% | 17,473 | 26 |
| 2024 | 362 | $915M | $-5.2M | -1.1% | -0.5% | 0 | 1.55 | 77% | 21,309 | 51 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Commonspirit Health | 5% or greater direct ownership interest | 100 | 1966-05 | |
| Trihealth Inc | operational/managerial control | 100 | 1994-11 | |
| Cynthia Booth | corporate director | 2020-07 | ||
| Kasey Rohling | corporate director | 2024-07 | ||
| Kathy Kelly | corporate director | 2019-07 | ||
| Kenneth Patton | corporate director | 2024-07 | ||
| Mark Clement | contracted managing employee | 2015-05 | ||
| Mark Clement | corporate officer | 2015-05 | ||
| Mark Clement | operational/managerial control | 2015-05 | ||
| Michael Crofton | contracted managing employee | 2014-09 | ||
| Michael Crofton | corporate officer | 2014-09 | ||
| Michael Crofton | operational/managerial control | 2014-09 | ||
| Philip Foster | corporate director | 2019-04 | ||
| Phillip Castellini | corporate director | 2016-07 | ||
| Quint Studer | corporate director | 2019-04 | ||
| Ralph Michael | corporate director | 2014-07 | ||
| Rance Duke | corporate director | 2019-07 | ||
| Robert Collins | corporate director | 2019-04 | ||
| Sara Duffy | corporate director | 2013-07 | ||
| Steve Gracey | contracted managing employee | 2017-07 | ||
| Steve Gracey | corporate officer | 2017-07 | ||
| Steve Gracey | operational/managerial control | 2017-07 | ||
| Theodore Torbeck | corporate director | 2019-04 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2020-10-01 | acquisition/merger | The Good Samaritan Hospital Of... | Trihealth Hospital, Inc |
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 |