Paulding County Hospital
Paulding, Paulding County, OH
· CCN 361300
Licensed to Paulding County Hospital
Composite
31.2
rank score
Distress
29
FY2023
Fit
46
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- 60-90 days cash on hand
- current liabilities exceed current assets
- debt above 70% of assets
- occupancy below 30%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $29.4M |
| Operating margin | 2.3% |
| Total margin | 2.3% |
| Days cash on hand | 74 |
| Current ratio | 0.88 |
| Occupancy | 14% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $20.6M | — | -21.8% | — | 40 | 1.94 | 16% | 258 | 69 |
| 2021 | 25 | $26.3M | $477K | -7.3% | 1.7% | 62 | 1.10 | 18% | 297 | 56 |
| 2022 | 25 | $26.9M | $316K | -6.1% | 1.1% | 77 | 1.11 | 13% | 258 | 56 |
| 2023 | 25 | $29.4M | $712K | 2.3% | 2.3% | 74 | 0.88 | 14% | 233 | 29 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ronald Goedde | 5% or greater indirect ownership interest | 20 | 2019-01 | |
| Ronald Goedde | operational/managerial control | 20 | 2019-01 | |
| Ann Pease | corporate director | 10 | 2008-11 | |
| Beth Stoller | corporate director | 10 | 2022-03 | |
| Candice Elliott | corporate director | 10 | 2020-03 | |
| Jason Thornell | corporate director | 10 | 2022-03 | |
| John Kobee | corporate director | 10 | 2013-03 | |
| Konnie Gerber | corporate director | 10 | 2008-11 | |
| Andrew Wannemacher | corporate officer | 2019-09 |
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 |
|---|---|---|---|---|
| 2025-01-01 | Ohiohealth Morrow County Hospital Inc | Morrow County Hospital | Morrow County Hospital | 23 |
| 2021-05-02 | Adena Fayette Medical Center | Fayette County Memorial Hospital | Fayette County Memorial Hosp | 25 |
| 2019-10-01 | Adams County Regional Medical Center | Adams County Hospital | Adams County Regional Medical Center | 25 |