Berger Hospital
Circleville, Pickaway County, OH
· CCN 360170
Licensed to Ohiohealth Berger Hospital Llc
Composite
33.8
rank score
Distress
6
FY2024
Fit
78
vs thesis
Estimated ticket
$41.5M–$166M
83 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- occupancy 30-45%
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $133M |
| Operating margin | 15.9% |
| Total margin | 16.8% |
| Days cash on hand | — |
| Current ratio | 2.00 |
| Occupancy | 32% |
Facility
| Beds | 83 |
| 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 | 83 | $30.3M | $2.0M | -11.6% | 5.6% | 371 | 1.54 | 19% | 843 | 37 |
| 2021 | 83 | $73.8M | $2.1M | -2.9% | 2.7% | — | 1.02 | 22% | 1,880 | 36 |
| 2022 | 83 | $87.0M | $2.6M | 0.2% | 2.9% | — | 0.88 | 28% | 2,158 | 31 |
| 2023 | 83 | $112M | $18.3M | 14.4% | 16.1% | — | 1.40 | 34% | 2,512 | 11 |
| 2024 | 83 | $133M | $22.6M | 15.9% | 16.8% | — | 2.00 | 32% | 2,785 | 6 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ohiohealth Corporation | 5% or greater direct ownership interest | 100 | 2019-04 | |
| Andy Rose | corporate officer | 2023-07 | ||
| Andy Rose | corporate director | 2021-07 | ||
| Arvind Malik | corporate director | 2024-01 | ||
| Carolyn Kile | corporate director | 2023-07 | ||
| David Eichinger | corporate director | 2019-04 | ||
| 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 | 2019-04 | ||
| Gregory Palmer | corporate director | 2019-04 | ||
| Jeffrey Hutchison | corporate director | 2021-07 | ||
| Jennifer Papp | corporate director | 2023-10 | ||
| John Schwemer | corporate director | 2020-02 | ||
| Karen Cook | corporate director | 2019-04 | ||
| Linda Hondros | corporate officer | 2024-07 | ||
| Linda Hondros | corporate director | 2019-04 | ||
| Michael Browning | corporate officer | 2019-06 | ||
| Michael Coleman | corporate director | 2020-07 | ||
| Mike Mahaffey | corporate director | 2023-07 | ||
| Mutoro Bushiri | corporate officer | 2020-02 | ||
| Nicholas Honda | corporate director | 2024-01 | ||
| Ohiohealth Corporation | operational/managerial control | 2019-04 | ||
| Peggy Simmons | corporate director | 2024-01 |
Showing 25 of 30. Full list via /api/targets/360170.
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2019-04-01 | change of ownership | Ohiohealth Berger Hospital Llc | Berger Hospital |
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 |