Diley Ridge Medical Center
Canal Winchester, Franklin County, OH
· CCN 360358
Licensed to Diley Ridge Medical Center
Composite
31.0
rank score
Distress
18
FY2024
Fit
52
vs thesis
Estimated ticket
$5.0M–$20.0M
10 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- occupancy below 30%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $24.9M |
| Operating margin | 39.0% |
| Total margin | 44.9% |
| Days cash on hand | 536 |
| Current ratio | 7.84 |
| Occupancy | 10% |
Facility
| Beds | 10 |
| 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 | 10 | $22.3M | $18.3M | 40.5% | 74.1% | 1,095 | 1.81 | 20% | 324 | 9 |
| 2022 | 10 | $23.4M | $8.0M | 38.7% | 32.8% | 932 | 8.45 | 11% | 239 | 9 |
| 2023 | 10 | $26.0M | $12.5M | 42.1% | 47.9% | 484 | 8.95 | 10% | 240 | 9 |
| 2024 | 10 | $24.9M | $11.8M | 39.0% | 44.9% | 536 | 7.84 | 10% | 216 | 18 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mount Carmel Health System | 5% or greater direct ownership interest | 70 | 2003-12 | |
| Trinity Health Corporation | 5% or greater indirect ownership interest | 70 | 2003-12 | chain |
| Fairfield Medical Center | 5% or greater direct ownership interest | 30 | 2003-12 | |
| Alan Gora | corporate director | 2024-01 | ||
| Alan Greenslade | corporate officer | 2021-01 | ||
| Alan Greenslade | corporate director | 2021-01 | ||
| Amanda Mccullouch | corporate director | 2022-09 | ||
| Brian Zimmerman | corporate officer | 2025-08 | ||
| Brian Zimmerman | operational/managerial control | 2025-08 | ||
| Denise Bauer | corporate officer | 2020-03 | ||
| Denise Bauer | corporate director | 2011-09 | ||
| John Janoso | corporate officer | 2022-01 | ||
| Julie Grow | corporate officer | 2024-01 | ||
| Julie Grow | corporate director | 2024-01 | ||
| Leah Santa-Emma | corporate director | 2025-05 | ||
| Mary Mcgee | corporate director | 2024-01 | ||
| Melissa Fleming | corporate director | 2013-07 | ||
| Michael Little | corporate director | 2017-07 | ||
| Stacey Collins | corporate officer | 2021-03 | ||
| Stacey Collins | w-2 managing employee | 2021-03 | ||
| Stuart Kilpinen | operational/managerial control | 2023-06 | ||
| Tauana Mcdonald | corporate officer | 2024-07 |
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 |