South Pointe Hospital
Warrensville Heights, Cuyahoga County, OH
· CCN 360144
Licensed to Cleveland Clinic Health System - East Region
Composite
62.6
rank score
Distress
63
FY2023
Fit
86
vs thesis
Estimated ticket
$58.6M–$235M
138 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $143M |
| Operating margin | -8.1% |
| Total margin | -5.7% |
| Days cash on hand | 0 |
| Current ratio | -5.87 |
| Occupancy | 60% |
Facility
| Beds | 138 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 172 | $115M | $-8.9M | -18.0% | -7.1% | 0 | -6.52 | 51% | 6,730 | 78 |
| 2021 | 172 | $132M | $-2.5M | -5.6% | -1.9% | 0 | -5.66 | 55% | 6,850 | 68 |
| 2022 | 172 | $146M | $-11.9M | -1.7% | -8.7% | 0 | -5.51 | 48% | 6,261 | 70 |
| 2023 | 138 | $143M | $-8.4M | -8.1% | -5.7% | 0 | -5.87 | 60% | 6,105 | 63 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| The Cleveland Clinic Foundation | 5% or greater direct ownership interest | 100 | 1997-02 | |
| The Cleveland Clinic Foundation | operational/managerial control | 100 | 1997-02 | |
| Albert Salvatore | corporate director | 2021-03 | ||
| Alex Gorsky | corporate director | 2024-06 | ||
| Arun Gupta | w-2 managing employee | 2023-10 | ||
| Beri Ridgeway | corporate director | 2021-01 | ||
| Beth Mooney | corporate officer | 2019-05 | ||
| Beth Mooney | corporate director | 2013-09 | ||
| Betty Kemper | corporate director | 2020-08 | ||
| Bonnie Gwin | corporate director | 2023-02 | ||
| Carole Hoover | corporate director | 2013-09 | ||
| Catherine Kilbane | corporate director | 2019-05 | ||
| Dan Schulman | corporate director | 2022-02 | ||
| Deborah Crawford | corporate director | 2018-01 | ||
| Dennis Laraway | corporate officer | 2023-03 | ||
| Doreen Meredith | w-2 managing employee | 2015-08 | ||
| Dragana Rodic | w-2 managing employee | 2024-03 | ||
| Frederick Nance | corporate director | 2013-09 | ||
| Heidi Sathre | w-2 managing employee | 2015-01 | ||
| Hiroyuki Fujita | corporate director | 2020-01 | ||
| Jessica Mcardle | w-2 managing employee | 2023-12 | ||
| John Waldron | corporate director | 2021-02 | ||
| Jorge Guzman | corporate officer | 2024-07 | ||
| Jorge Guzman | corporate director | 2024-07 | ||
| Larry Pollock | corporate director | 2013-09 |
Showing 25 of 48. Full list via /api/targets/360144.
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 |