West Chester Hospital Llc
West Chester, Butler County, OH
· CCN 360354
Licensed to West Chester Hospital Llc
Composite
58.0
rank score
Distress
49
FY2024
Fit
86
vs thesis
Estimated ticket
$81.5M–$326M
163 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- total margin under 2%
- current ratio below 0.8
- 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
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $282M |
| Operating margin | -1.3% |
| Total margin | 0.3% |
| Days cash on hand | — |
| Current ratio | -3.99 |
| Occupancy | 78% |
Facility
| Beds | 163 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 153 | $331M | $43.5M | 12.2% | 13.0% | — | 0.88 | 79% | 9,332 | 11 |
| 2022 | 160 | $327M | $4.2M | 0.1% | 1.3% | — | 0.09 | 78% | 9,415 | 30 |
| 2023 | 163 | $319M | $-32.6M | -12.3% | -10.0% | — | -4.82 | 69% | 8,871 | 74 |
| 2024 | 163 | $282M | $886K | -1.3% | 0.3% | — | -3.99 | 78% | 10,999 | 49 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Uc Health Llc | 5% or greater direct ownership interest | 100 | 2009-02 | chain |
| Brian Veneman | w-2 managing employee | 2014-10 | ||
| Charmaine Rochester | corporate officer | 2024-10 | ||
| Craig Cain | w-2 managing employee | 2012-04 | ||
| Sarah Kohlhause | w-2 managing employee | 2015-05 | ||
| Uc Health Llc | operational/managerial control | 2009-02 | chain |
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 |