Doctors Hospital
Columbus, Franklin County, OH
· CCN 360152
Licensed to Ohiohealth Corporation
Composite
60.8
rank score
Distress
55
FY2024
Fit
86
vs thesis
Estimated ticket
$74.0M–$296M
174 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- total margin negative
- current ratio under 1.5
- liabilities exceed assets
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- 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 · FY2024
| Net patient revenue | $323M |
| Operating margin | -1.5% |
| Total margin | -0.4% |
| Days cash on hand | — |
| Current ratio | 1.25 |
| Occupancy | 71% |
Facility
| Beds | 174 |
| 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 | 173 | $272M | $48.4M | 13.3% | 17.0% | — | 0.81 | 62% | 9,043 | 26 |
| 2022 | 168 | $303M | $41.1M | 11.1% | 13.2% | — | 0.77 | 68% | 9,077 | 31 |
| 2023 | 173 | $309M | $7.8M | 1.5% | 2.5% | — | 1.02 | 67% | 9,223 | 27 |
| 2024 | 174 | $323M | $-1.3M | -1.5% | -0.4% | — | 1.25 | 71% | 9,840 | 55 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andy Rose | corporate officer | 2023-07 | ||
| Andy Rose | corporate director | 2021-07 | ||
| Arvind Malik | corporate director | 2024-07 | ||
| Carolyn Kile | corporate director | 2023-07 | ||
| Charles Gossman | corporate officer | 2018-08 | ||
| David Eichinger | corporate director | 2017-07 | ||
| David Harrison | corporate director | 2020-07 | ||
| Donna James | corporate officer | 2021-07 | ||
| Donna James | corporate director | 2021-07 | ||
| Elizabeth Ingram | corporate officer | 2024-07 | ||
| Elizabeth Ingram | corporate director | 2015-07 | ||
| Gregory Palmer | corporate director | 2012-09 | ||
| Jeffrey Hutchison | corporate director | 2021-07 | ||
| Jennifer Papp | corporate director | 2024-07 | ||
| John Schwemer | corporate director | 2020-02 | ||
| Karen Cook | corporate director | 2017-10 | ||
| Linda Hondros | corporate officer | 2024-07 | ||
| Linda Hondros | corporate director | 2019-07 | ||
| Lindsey Osting | corporate officer | 2021-06 | ||
| Lindsey Osting | w-2 managing employee | 2021-06 | ||
| Michael Browning | corporate officer | 2019-06 | ||
| Michael Coleman | corporate director | 2020-07 | ||
| Mike Mahaffey | corporate director | 2023-07 | ||
| Nicholas Honda | corporate director | 2024-07 | ||
| Ohiohealth Corporation | operational/managerial control | 1998-12 | chain |
Showing 25 of 30. Full list via /api/targets/360152.
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 |