Kings Daughters Med Center Ohio
dba Kings Daughters Medical Center - Ohio ·
Portsmouth, Scioto County, OH
· CCN 360361
Licensed to Portsmouth Hospital Corporation
Composite
31.2
rank score
Distress
28
FY2023
Fit
46
vs thesis
Estimated ticket
$1.0M–$2.0M
10 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- occupancy below 30%
- rural — cheaper but limited density
- 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 · FY2023
| Net patient revenue | $33.8M |
| Operating margin | 23.6% |
| Total margin | 25.4% |
| Days cash on hand | 5 |
| Current ratio | 4.08 |
| Occupancy | 8% |
Facility
| Beds | 10 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 10 | $19.1M | $1.7M | -1.9% | 8.2% | 6 | 0.15 | 7% | 163 | 71 |
| 2021 | 10 | $28.1M | $7.5M | 19.2% | 24.7% | 7 | 2.19 | 5% | 129 | 31 |
| 2022 | 10 | $36.1M | $11.7M | 31.8% | 32.3% | 6 | 1.84 | 12% | 247 | 31 |
| 2023 | 10 | $33.8M | $8.8M | 23.6% | 25.4% | 5 | 4.08 | 8% | 114 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Royal Blue Health, Llc | 5% or greater direct ownership interest | 100 | 2021-04 | |
| Royal Blue Health, Llc | operational/managerial control | 100 | 2022-12 | |
| Beyond Blue Corporation | 5% or greater indirect ownership interest | 50 | 2021-04 | |
| University Of Kentucky | 5% or greater indirect ownership interest | 50 | 2022-12 | |
| April Perry | corporate director | 2026-04 | ||
| Beyond Blue Corporation | operational/managerial control | 2022-12 | ||
| Craig Collins | corporate director | 2021-04 | ||
| Eric Monday | corporate director | 2021-04 | ||
| Gina Dugas | corporate director | 2022-12 | ||
| John Stewart | corporate director | 2022-12 | ||
| Laurie Stewart | w-2 managing employee | 2026-02 | ||
| Laurie Stewart | operational/managerial control | 2026-02 | ||
| Mark Birdwhistell | corporate director | 2021-04 | ||
| Penny Cox | corporate director | 2022-12 | ||
| Robert Dipaola | corporate director | 2022-12 | ||
| Sara Marks | corporate officer | 2022-12 | ||
| Sara Marks | corporate director | 2022-12 | ||
| Stephen Addington | corporate director | 2021-04 | ||
| Steven Clifton | corporate officer | 2022-12 | ||
| Steven Clifton | corporate director | 2022-12 | ||
| Tammie Niemer | w-2 managing employee | 2016-01 | ||
| Thomas Burnette | corporate director | 2021-04 | ||
| University Of Kentucky | operational/managerial control | 2022-12 |
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 |