Marymount Hospital
Garfield Hts., Cuyahoga County, OH
· CCN 360143
Licensed to Marymount Hospital Inc
Composite
51.8
rank score
Distress
48
FY2023
Fit
76
vs thesis
Estimated ticket
$94.0M–$376M
188 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin under 2%
- under 30 days cash on hand
- current ratio under 1.5
- occupancy 45-60%
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size at the top of the envelope — would need leverage
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $185M |
| Operating margin | -7.0% |
| Total margin | 0.1% |
| Days cash on hand | 17 |
| Current ratio | 1.45 |
| Occupancy | 47% |
Facility
| Beds | 188 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 194 | $143M | $-2.4M | -16.3% | -1.5% | 0 | 0.90 | 46% | 7,045 | 69 |
| 2021 | 194 | $179M | $12.1M | -1.5% | 6.3% | 17 | 1.89 | 48% | 7,297 | 40 |
| 2022 | 190 | $165M | $-22.1M | -13.6% | -13.4% | 25 | 1.63 | 44% | 6,693 | 72 |
| 2023 | 188 | $185M | $244K | -7.0% | 0.1% | 17 | 1.45 | 47% | 7,240 | 48 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| The Cleveland Clinic Foundation | 5% or greater direct ownership interest | 100 | 1995-11 | |
| Albert Salvatore | corporate director | 2021-03 | ||
| Alex Gorsky | corporate director | 2024-06 | ||
| Beri Ridgeway | corporate director | 2021-01 | ||
| Beth Mooney | corporate officer | 2019-05 | ||
| Beth Mooney | corporate director | 2018-10 | ||
| Betty Kemper | corporate director | 2020-06 | ||
| Bonnie Gwin | corporate director | 2023-02 | ||
| Carole Hoover | corporate director | 2018-10 | ||
| Catherine Kilbane | corporate director | 2019-05 | ||
| Dan Schulman | corporate director | 2022-02 | ||
| Deborah Crawford | corporate director | 2018-10 | ||
| Dennis Laraway | corporate officer | 2023-03 | ||
| Doreen Meredith | w-2 managing employee | 2015-08 | ||
| Douglas Kohler | w-2 managing employee | 2024-03 | ||
| Dragana Rodic | w-2 managing employee | 2024-03 | ||
| Frederick Nance | corporate director | 2018-10 | ||
| Heidi Sathre | w-2 managing employee | 2017-01 | ||
| Hiroyuki Fujita | corporate director | 2020-01 | ||
| Jessica Mcardle | w-2 managing employee | 2023-12 | ||
| John Banks | corporate officer | 2004-12 | ||
| John Waldron | corporate director | 2021-02 | ||
| Jorge Guzman | corporate director | 2024-07 | ||
| Larry Pollock | corporate director | 2018-10 | ||
| Loree Connors | corporate director | 2021-05 |
Showing 25 of 48. Full list via /api/targets/360143.
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 |