Trinity Hospital Holding Company
dba Trinity Medical Center East & Trinity Medical Center West ·
Steubenville, Jefferson County, OH
· CCN 360211
Licensed to Trinity Hospital Holding Company
Composite
61.0
rank score
Distress
58
FY2024
Fit
82
vs thesis
Estimated ticket
$65.5M–$262M
154 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%
- 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
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $261M |
| Operating margin | -8.9% |
| Total margin | 0.1% |
| Days cash on hand | 2 |
| Current ratio | 1.37 |
| Occupancy | 48% |
Facility
| Beds | 154 |
| 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 | 199 | $254M | $55.8M | -0.6% | 17.9% | 23 | 1.05 | 44% | 6,233 | 47 |
| 2022 | 200 | $262M | $-11.2M | -4.7% | -4.2% | 0 | 1.23 | 41% | 5,446 | 59 |
| 2023 | 162 | $244M | $-19.8M | -13.3% | -7.7% | 36 | 1.83 | 41% | 5,028 | 62 |
| 2024 | 154 | $261M | $272K | -8.9% | 0.1% | 2 | 1.37 | 48% | 5,721 | 58 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Commonspirit Health | 5% or greater indirect ownership interest | 100 | 2020-06 | chain |
| Sylvania Franciscan Health | 5% or greater indirect ownership interest | 100 | 2020-06 | |
| Trinity Health System | 5% or greater direct ownership interest | 100 | 1996-06 | |
| Trinity Health System | operational/managerial control | 100 | 1996-06 | |
| Aaron Provenzano | corporate director | 2020-07 | ||
| Brenan Pergi | corporate director | 2024-07 | ||
| Dave Werkin | corporate officer | 2012-09 | ||
| Dave Werkin | w-2 managing employee | 2012-09 | ||
| Dennis Wolters | corporate director | 2017-07 | ||
| Donald Hearne | corporate officer | 2025-07 | ||
| James May | corporate officer | 2025-01 | ||
| Jason Elliott | corporate director | 2024-07 | ||
| Jeffrey Neidig | corporate director | 2024-07 | ||
| John Columbus | corporate director | 2023-01 | ||
| Joseph Luckino | corporate director | 2022-04 | ||
| Karla Gregory-Martin | corporate director | 2021-07 | ||
| Matthew Brown | corporate officer | 2025-07 | ||
| Matthew Brown | corporate director | 2025-07 | ||
| Michelle Gorman | corporate director | 2024-07 | ||
| Michelle Tidjani | corporate officer | 2024-01 | ||
| Rita Dutton | corporate director | 2023-07 | ||
| Shawn Hervey | corporate director | 2024-07 | ||
| Teresa Gagliardi | corporate director | 2022-04 | ||
| Terika Mbanu | corporate director | 2025-07 | ||
| Thomas Kopfensteiner | corporate director | 2025-07 |
Showing 25 of 27. Full list via /api/targets/360211.
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 |