dealflow
envelope $200M

← Targets

Lodi Community Hospital

Lodi, Medina County, OH · CCN 361303
Licensed to Lodi Community Hospital

Composite
23.5
rank score
Distress
2
FY2023
Fit
56
vs thesis
Estimated ticket
$1.7M–$3.4M
20 beds · within envelope
Ownership
nonprofit
CAH

Why it ranks here

  • occupancy 45-60%
  • urban — higher occupancy and iteration surface
  • very small facility
  • very small ticket — sub-scale as a platform asset
  • moderate occupancy
  • nonprofit — expect AG conversion review

Latest financials · FY2023

Net patient revenue$38.8M
Operating margin 46.0%
Total margin 47.2%
Days cash on hand 1,008
Current ratio 12.69
Occupancy52%

Facility

Beds20
Facility typeCAH
Settingurban
Ownership classnonprofit
Per-bed (low) $85.0K
Per-bed (high) $170K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 20 $19.8M $5.3M 26.0% 26.6% 356 5.24 34% 10 6
2021 20 $28.8M $12.0M 39.9% 41.0% 542 8.28 41% 8 6
2022 20 $31.5M $12.1M 37.8% 38.1% 925 8.61 37% 17 6
2023 20 $38.8M $18.8M 46.0% 47.2% 1,008 12.69 52% 59 2

Owners

OwnerRole%SinceType
Akron General Medical Center
Akron, OH
5% or greater direct ownership interest 100 2011-09
The Cleveland Clinic Foundation
Cleveland, OH
5% or greater indirect ownership interest 100 2015-11
Bret Treier corporate director 2016-06
Carla Chapman corporate director 2023-05
Charles Billow corporate director 2016-05
Daniel Vazquez corporate director 2023-05
David Frigo corporate officer 2014-12
David Hedrick corporate director 2022-05
David Pellegrini corporate director 2020-05
Dennis Laraway corporate officer 2023-03
Diane Miller-Dawson corporate director 2016-06
Donna Skoda corporate director 2024-02
Doreen Meredith w-2 managing employee 2017-03
Dragana Rodic w-2 managing employee 2024-03
Erin Simon corporate director 2022-05
Heidi Sathre w-2 managing employee 2017-03
Jessica Mcardle w-2 managing employee 2023-12
Jorge Guzman corporate director 2024-07
Jose Vasquez, Md corporate director 2024-08
Karen Sealy corporate director 2021-11
Kathleen Rogers corporate director 2023-05
Kris Bennett corporate director 2018-12
Laura Dicola corporate director 2021-11
Mark Lerner corporate director 2016-05
Mark Malloy corporate officer 2024-07

Showing 25 of 38. Full list via /api/targets/361303.

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.

DateBuyerSellerHospitalBeds
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