Bucyrus Community Hospital
Bucyrus, Crawford County, OH
· CCN 361316
Licensed to Bucyrus Community Hospital, Llc
Composite
32.2
rank score
Distress
25
FY2024
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 · FY2024
| Net patient revenue | $83.3M |
| Operating margin | 37.7% |
| Total margin | 38.5% |
| Days cash on hand | 1 |
| Current ratio | 4.18 |
| Occupancy | 43% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $65.5M | $22.8M | 30.5% | 33.3% | 12 | 1.18 | 45% | 849 | 28 |
| 2022 | 25 | $71.0M | $21.3M | 28.3% | 29.6% | 8 | 2.13 | 48% | 926 | 24 |
| 2023 | 25 | $73.0M | $24.0M | 28.9% | 31.6% | 6 | -63.53 | 49% | 770 | 38 |
| 2024 | 25 | $83.3M | $32.5M | 37.7% | 38.5% | 1 | 4.18 | 43% | 695 | 25 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Galion Community Hospital | 5% or greater direct ownership interest | 100 | 2010-12 | |
| Charles Walker | corporate director | 2010-12 | ||
| Donald Barr | corporate director | 2010-12 | ||
| Donald Draime | corporate officer | 2010-12 | ||
| Donald Draime | w-2 managing employee | 2010-12 | ||
| Donald Plotts | corporate director | 2014-01 | ||
| Douglas Schilling | corporate director | 2010-12 | ||
| Jason Mcmullen | corporate director | 2010-01 | ||
| Jeffrey Underwood | corporate director | 2014-01 | ||
| Jerome Morasko | corporate officer | 2010-12 | ||
| Joseph Shadeed | corporate director | 2010-01 | ||
| Kay Mcdonald | corporate director | 2010-12 | ||
| Kymberly Fox | corporate director | 2010-12 | ||
| Linda Smith | corporate director | 2014-01 | ||
| Mark Schneider | corporate director | 2010-12 | ||
| Michael Kemerer | corporate director | 2024-04 | ||
| Philip Brown | corporate director | 2010-12 |
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 |