Lake Health Beachwood Medical Center
Beachwood, Cuyahoga County, OH
· CCN 360367
Licensed to New Manna Clg Llc
Composite
62.0
rank score
Distress
85
FY2023
Fit
60
vs thesis
Estimated ticket
$8.4M–$33.6M
24 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- debt above 85% of assets
- occupancy below 30%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- very small facility
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $50.4M |
| Operating margin | -27.7% |
| Total margin | -26.2% |
| Days cash on hand | 5 |
| Current ratio | 1.83 |
| Occupancy | 8% |
Facility
| Beds | 24 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 24 | $34.8M | $-6.9M | -22.3% | -19.3% | 1 | 0.41 | 10% | 666 | 97 |
| 2021 | 24 | $48.0M | $414K | -3.5% | 0.8% | 5 | 0.33 | 8% | 379 | 74 |
| 2022 | 24 | $49.2M | $-6.9M | -16.2% | -13.8% | 55 | 2.67 | 9% | 309 | 81 |
| 2023 | 24 | $50.4M | $-13.4M | -27.7% | -26.2% | 5 | 1.83 | 8% | 315 | 85 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Lake Hospital System, Inc. | operational/managerial control | 100 | 2017-01 | |
| University Hospitals Health System Inc | 5% or greater indirect ownership interest | 100 | 2021-04 | |
| Lake Hospital System, Inc. | 5% or greater direct ownership interest | 51 | 2017-01 | |
| University Hospitals Holding Inc | 5% or greater direct ownership interest | 49 | 2020-01 | |
| John Baniewicz | corporate director | 2018-12 | ||
| Michelle Gallucci | corporate officer | 2025-07 | ||
| Robyn Strosaker | corporate director | 2022-06 | ||
| Robyn Strosaker | w-2 managing employee | 2022-06 | ||
| Sarah Cannon | corporate director | 2023-06 |
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 |