Cleveland Clinic Avon Hospital
Avon, Cuyahoga County, OH
· CCN 360364
Licensed to Cleveland Clinic Avon Hospital
Composite
36.0
rank score
Distress
4
FY2023
Fit
86
vs thesis
Estimated ticket
$63.0M–$252M
126 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- 90-150 days cash on hand
- 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 · FY2023
| Net patient revenue | $200M |
| Operating margin | 21.1% |
| Total margin | 23.1% |
| Days cash on hand | 110 |
| Current ratio | 5.29 |
| Occupancy | 62% |
Facility
| Beds | 126 |
| 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 | 126 | $129M | $15.2M | 6.0% | 11.1% | 177 | 9.11 | 50% | 6,573 | 2 |
| 2021 | 126 | $166M | $47.5M | 21.6% | 26.7% | 338 | 15.18 | 65% | 7,202 | 0 |
| 2022 | 126 | $178M | $34.0M | 16.3% | 18.5% | 0 | 1.32 | 61% | 6,996 | 26 |
| 2023 | 126 | $200M | $47.2M | 21.1% | 23.1% | 110 | 5.29 | 62% | 7,698 | 4 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| The Cleveland Clinic Foundation | 5% or greater direct ownership interest | 100 | 2016-05 | |
| 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 | 2015-05 | ||
| Betty Kemper | corporate director | 2020-08 | ||
| Bonnie Gwin | corporate director | 2023-02 | ||
| Carole Hoover | corporate director | 2016-05 | ||
| 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 | 2016-05 | ||
| 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 | 2016-05 | ||
| Lorraine Vega | corporate director | 2016-01 | ||
| Marcia Ballinger | corporate director | 2025-01 | ||
| Marianne Crosley | corporate director | 2024-07 |
Showing 25 of 45. Full list via /api/targets/360364.
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 |