Cleveland Clinic Hospital
dba Cleveland Clinic ·
Cleveland, Cuyahoga County, OH
· CCN 360180
Licensed to The Cleveland Clinic Foundation
Composite
57.0
rank score
Distress
63
FY2023
Fit
72
vs thesis
Estimated ticket
$109M–$219M
1,288 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- under 30 days cash on hand
- current ratio below 0.8
- margin deteriorating
- rural — cheaper but limited density
- very large — likely out of range
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $7.0B |
| Operating margin | -19.6% |
| Total margin | 7.1% |
| Days cash on hand | 5 |
| Current ratio | 0.80 |
| Occupancy | 81% |
Facility
| Beds | 1,288 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 1,325 | $5.2B | $772M | -19.1% | 11.0% | 38 | 1.08 | 70% | 48,583 | 48 |
| 2021 | 1,326 | $6.0B | $1.3B | -11.8% | 16.6% | 6 | 0.94 | 77% | 51,463 | 59 |
| 2022 | 1,326 | $6.4B | $-543M | -17.7% | -7.8% | 15 | 1.02 | 76% | 50,013 | 66 |
| 2023 | 1,288 | $7.0B | $635M | -19.6% | 7.1% | 5 | 0.80 | 81% | 53,274 | 63 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Albert Salvatore | corporate director | 2021-03 | ||
| Alex Adjei | w-2 managing employee | 2023-10 | ||
| Alex Gorsky | corporate director | 2024-06 | ||
| Andre Machado | w-2 managing employee | 2023-10 | ||
| Bartolome Burguera | w-2 managing employee | 2023-10 | ||
| Beri Ridgeway | corporate officer | 2021-01 | ||
| Beri Ridgeway | corporate director | 2021-01 | ||
| Beth Mooney | corporate officer | 2019-05 | ||
| Beth Mooney | corporate director | 2009-02 | ||
| Betty Kemper | corporate director | 2020-06 | ||
| Bonnie Gwin | corporate director | 2023-02 | ||
| Brian Rubin | w-2 managing employee | 2023-10 | ||
| Bruce Broussard | corporate director | 2025-03 | ||
| Carole Hoover | corporate director | 2011-05 | ||
| Catherine Kilbane | corporate director | 2019-05 | ||
| Conor Delaney | corporate officer | 2022-05 | ||
| Dan Schulman | corporate director | 2022-02 | ||
| Deborah Gordon | corporate officer | 2024-06 | ||
| 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 | 2011-05 | ||
| Georges Pascal Haber | corporate officer | 2024-06 | ||
| Heidi Sathre | w-2 managing employee | 2015-01 | ||
| Hiroyuki Fujita | corporate director | 2020-01 |
Showing 25 of 66. Full list via /api/targets/360180.
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 |