Community Memorial Hospital
Hicksville, Defiance County, OH · CCN 361301
Composite
63.2
rank score
Distress
100
FY2023
Fit
46
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy below 30%
- margin deteriorating sharply
- 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 | $25.3M |
| Operating margin | -30.3% |
| Total margin | -26.1% |
| Days cash on hand | 4 |
| Current ratio | 0.34 |
| Occupancy | 6% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $59.5K |
| Per-bed (high) | $119K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $28.3M | $1.2M | -20.2% | 3.4% | 39 | 0.62 | 15% | 421 | 78 |
| 2021 | 25 | $23.6M | $-4.6M | -45.2% | -15.7% | 13 | 0.48 | 16% | 330 | 100 |
| 2022 | 25 | $23.6M | $-10.7M | -71.1% | -36.2% | 11 | 0.48 | 22% | 396 | 100 |
| 2023 | 25 | $25.3M | $-6.8M | -30.3% | -26.1% | 4 | 0.34 | 6% | 115 | 100 |
Owners
No ownership records — CMS has no owner filings mapped to this CCN.
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 |