Greenfield Area Medical Center
dba Adena Greenfield Medical Center ·
Greenfield, Highland County, OH
· CCN 361304
Licensed to Greenfield Area Medical Center
Composite
32.2
rank score
Distress
25
FY2023
Fit
52
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- occupancy 30-45%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $23.5M |
| Operating margin | 2.2% |
| Total margin | 6.0% |
| Days cash on hand | 20 |
| Current ratio | 3.02 |
| Occupancy | 39% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 | $18.5M | $-523K | -3.9% | -2.8% | 18 | 2.22 | 37% | 141 | 51 |
| 2021 | 25 | $23.9M | $2.7M | 9.5% | 11.0% | 17 | 2.06 | 51% | 180 | 24 |
| 2022 | 25 | $21.9M | $-1.1M | -7.3% | -4.9% | 17 | 1.56 | 45% | 154 | 59 |
| 2023 | 25 | $23.5M | $1.5M | 2.2% | 6.0% | 20 | 3.02 | 39% | 147 | 25 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Adena Health System | operational/managerial control | 100 | 2009-10 | |
| Blaine Bergstrom | corporate director | 2012-08 | ||
| Danny Long | corporate director | 2014-03 | ||
| Destiny Bryson | corporate director | 2017-08 | ||
| George Pearce | corporate director | 2001-05 | ||
| Heath Fettro | corporate director | 2014-03 | ||
| Joshua Mccoy | w-2 managing employee | 2017-03 | ||
| Lisa Carlson | corporate officer | 2017-06 | ||
| Lisa Carlson | w-2 managing employee | 2017-06 | ||
| Lisa Henness | w-2 managing employee | 2017-07 | ||
| Quincey Gray | corporate director | 2020-01 | ||
| Richard Mizer | corporate director | 1991-05 | ||
| Ronald Coffey | corporate director | 1985-05 | ||
| Terrence Fouch | corporate director | 2009-05 |
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 |