Mercy Health - Urbana Hospital
Urbana, Champaign County, OH
· CCN 361312
Licensed to Community Mercy Health Partners
Composite
29.6
rank score
Distress
15
FY2023
Fit
52
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- occupancy 30-45%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- 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 | $28.1M |
| Operating margin | 2.3% |
| Total margin | 6.2% |
| Days cash on hand | 376 |
| Current ratio | 6.34 |
| Occupancy | 40% |
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 | $28.2M | $6.5M | 7.0% | 19.8% | 11 | 1.00 | 34% | 676 | 31 |
| 2021 | 25 | $30.8M | $2.0M | 5.5% | 6.3% | 3 | 2.33 | 35% | 738 | 28 |
| 2022 | 25 | $27.8M | $591K | -1.6% | 2.0% | 168 | 2.89 | 36% | 752 | 21 |
| 2023 | 25 | $28.1M | $1.8M | 2.3% | 6.2% | 376 | 6.34 | 40% | 718 | 15 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Community Mercy Health System | 5% or greater direct ownership interest | 100 | 2004-07 | |
| Bon Secours Mercy Health Inc | 5% or greater indirect ownership interest | 50 | 2018-09 | chain |
| The Community Hospital Health Services Foundation | 5% or greater indirect ownership interest | 50 | 2004-07 | |
| Adam Groshans | corporate director | 2019-06 | ||
| Adeleye Edon | corporate director | 2022-01 | ||
| Alexander Garvey | corporate director | 2023-01 | ||
| Denise Rodney | corporate director | 2024-01 | ||
| James Mcgregor | corporate director | 2022-01 | ||
| Jayna Brown | corporate director | 2021-01 | ||
| Jenelle Zelinski | corporate officer | 2019-05 | ||
| Jenelle Zelinski | corporate director | 2019-05 | ||
| Jenelle Zelinski | w-2 managing employee | 2019-05 | ||
| John Starcher | operational/managerial control | 2016-02 | ||
| Joseph Gage | corporate director | 2023-01 | ||
| Kimberly Ralston | w-2 managing employee | 2017-10 | ||
| Lisa Cole | corporate director | 2020-01 | ||
| Maria Goeser | corporate director | 2021-01 | ||
| Marvin Narcelles | corporate director | 2019-01 | ||
| Maryann Potina | corporate director | 2022-01 | ||
| Michael Greitzer | corporate director | 2018-01 | ||
| Nina Wiley | corporate director | 2020-01 | ||
| Ryan Gilliam | corporate director | 2025-01 | ||
| Truman Johnson | corporate director | 2018-01 | ||
| William Ray | corporate director | 2015-02 |
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 |