Morrow County Hospital
dba Ohiohealth Morrow County Hospital ·
Mount Gilead, Morrow County, OH
· CCN 361313
Licensed to Ohiohealth Morrow County Hospital Inc
Already transacted. CMS recorded an ownership change effective
2025-01-01. Confirm the current owner before spending a call on this.
Composite
10.7
rank score
Distress
34
FY2023
Fit
38
vs thesis
Estimated ticket
$2.0M–$3.9M
23 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin under 2%
- under 30 days cash on hand
- occupancy below 30%
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
- changed ownership 2025-01-01 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $25.1M |
| Operating margin | 1.7% |
| Total margin | 16.2% |
| Days cash on hand | 24 |
| Current ratio | 3.92 |
| Occupancy | 11% |
Facility
| Beds | 23 |
| 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 | 23 | $16.0M | $1.9M | -30.4% | 8.3% | 176 | 1.00 | 9% | 169 | 57 |
| 2021 | 23 | $22.1M | $14.8M | 36.0% | 51.1% | 396 | 1.32 | 13% | 278 | 17 |
| 2022 | 23 | $23.8M | $7.8M | 20.4% | 29.3% | 33 | 1.55 | 9% | 218 | 26 |
| 2023 | 23 | $25.1M | $4.8M | 1.7% | 16.2% | 24 | 3.92 | 11% | 172 | 34 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andy Rose | corporate officer | 2024-10 | ||
| Andy Rose | corporate director | 2024-10 | ||
| Arvind Malik | corporate director | 2024-10 | ||
| Carolyn Kile | corporate director | 2024-10 | ||
| David Eichinger | corporate director | 2024-10 | ||
| David Harrison | corporate director | 2024-10 | ||
| Donna James | corporate officer | 2024-10 | ||
| Donna James | corporate director | 2024-10 | ||
| Elizabeth Ingram | corporate officer | 2024-10 | ||
| Elizabeth Ingram | corporate director | 2024-10 | ||
| Hee-Soo Jung | corporate officer | 2024-11 | ||
| Jeffrey Hutchison | corporate director | 2024-10 | ||
| Jennifer Papp | corporate director | 2024-10 | ||
| John Schwemer | corporate director | 2024-10 | ||
| Karen Cook | corporate director | 2024-10 | ||
| Linda Hondros | corporate officer | 2024-10 | ||
| Linda Hondros | corporate director | 2024-10 | ||
| Michael Coleman | corporate officer | 2024-10 | ||
| Michael Hyek | contracted managing employee | 2025-01 | ||
| Mike Mahaffey | corporate director | 2024-10 | ||
| Nicholas Honda | corporate director | 2024-10 | ||
| Peggy Simmons | corporate director | 2024-10 | ||
| Sandy Doyle-Ahern | corporate director | 2024-10 | ||
| Stephen Markovich | corporate officer | 2024-10 | ||
| Wade Giffin | corporate director | 2024-10 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2025-01-01 | change of ownership | Ohiohealth Morrow County Hospital Inc | Morrow County Hospital |
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 |