Hillcrest Hospital
Mayfield Heights, Cuyahoga County, OH
· CCN 360230
Licensed to Cleveland Clinic Health System - East Region
Composite
11.8
rank score
Distress
10
FY2023
Fit
62
vs thesis
Estimated ticket
$242M–$966M
483 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $633M |
| Operating margin | 8.6% |
| Total margin | 21.6% |
| Days cash on hand | 162 |
| Current ratio | 3.59 |
| Occupancy | 74% |
Facility
| Beds | 483 |
| 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 | 449 | $474M | $189M | 9.5% | 30.6% | 202 | 3.65 | 71% | 23,500 | 0 |
| 2021 | 449 | $525M | $222M | 14.5% | 33.1% | 182 | 3.85 | 73% | 23,702 | 0 |
| 2022 | 449 | $598M | $-30.6M | 15.8% | -6.5% | 189 | 3.89 | 69% | 22,417 | 12 |
| 2023 | 483 | $633M | $160M | 8.6% | 21.6% | 162 | 3.59 | 74% | 24,575 | 10 |
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 | ||
| Beri Ridgeway | corporate director | 2021-01 | ||
| Beth Mooney | corporate officer | 2019-03 | ||
| Beth Mooney | corporate director | 2011-05 | ||
| Betty Kemper | corporate director | 2020-08 | ||
| Bonnie Gwin | corporate director | 2023-02 | ||
| Brian Harte | w-2 managing employee | 2025-02 | ||
| Carole Hoover | corporate director | 2011-05 | ||
| 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 | 2011-05 | ||
| 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 director | 2024-07 | ||
| Larry Pollock | corporate director | 2011-05 | ||
| Lorraine Vega | corporate director | 2016-01 |
Showing 25 of 45. Full list via /api/targets/360230.
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 |