Mercy Hospital Of Defiance Llc
dba Mercy Health - Defiance Hospital ·
Defiance, Defiance County, OH
· CCN 360270
Licensed to Mercy Health - Defiance Hospital Llc
Composite
57.6
rank score
Distress
79
FY2023
Fit
50
vs thesis
Estimated ticket
$1.6M–$3.2M
23 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current liabilities exceed current assets
- occupancy 30-45%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $51.6M |
| Operating margin | -11.9% |
| Total margin | -6.9% |
| Days cash on hand | 5 |
| Current ratio | 0.99 |
| Occupancy | 33% |
Facility
| Beds | 23 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 23 | $45.3M | $5.6M | -2.1% | 10.8% | 0 | 0.33 | 33% | 1,008 | 57 |
| 2021 | 23 | $53.2M | $1.3M | -0.3% | 2.4% | 0 | 0.34 | 37% | 1,053 | 57 |
| 2022 | 23 | $50.4M | $-3.4M | -15.3% | -6.3% | 5 | 0.62 | 37% | 1,033 | 81 |
| 2023 | 23 | $51.6M | $-3.7M | -11.9% | -6.9% | 5 | 0.99 | 33% | 1,043 | 79 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bon Secours Mercy Health Inc | 5% or greater indirect ownership interest | 100 | 2018-09 | chain |
| Mercy Health North Llc | 5% or greater direct ownership interest | 100 | 2012-01 | |
| Alexander Garvey | corporate director | 2025-01 | ||
| Bridget Deegan-Krause | corporate director | 2019-01 | ||
| Dale Thornton | corporate director | 2022-01 | ||
| David Zenk | corporate director | 2021-01 | ||
| Gina Skolmowski | corporate director | 2019-01 | ||
| Jason Kucsma | corporate director | 2021-01 | ||
| John Starcher | operational/managerial control | 2016-02 | ||
| Kimberly Ralston | w-2 managing employee | 2017-10 | ||
| Luis Santiago | corporate director | 2023-01 | ||
| Mark Ridenour | corporate director | 2018-01 | ||
| Marvin Whitfield | corporate director | 2025-01 | ||
| Randall King | corporate director | 2022-01 | ||
| Robert Baxter | corporate director | 2018-01 | ||
| Sonya Selhorst | corporate officer | 2022-10 | ||
| Sonya Selhorst | corporate director | 2013-05 | ||
| Sonya Selhorst | w-2 managing employee | 2022-10 | ||
| Timothy Goligoski | corporate director | 2024-02 | ||
| Wael Haidar | corporate director | 2023-01 | ||
| Wendy Huntley | corporate director | 2020-01 | ||
| William Rudolph | corporate director | 2024-01 |
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 |