Fostoria Community Hospital
dba Fostoria Community Hosptial ·
Fostoria, Hancock County, OH
· CCN 361318
Licensed to Fostoria Hospital Association
Composite
32.4
rank score
Distress
31
FY2023
Fit
42
vs thesis
Estimated ticket
$1.6M–$3.2M
19 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- 30-60 days cash on hand
- current liabilities exceed current assets
- occupancy below 30%
- part of a multi-hospital chain — divestiture candidate
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $46.5M |
| Operating margin | 8.2% |
| Total margin | 13.2% |
| Days cash on hand | 39 |
| Current ratio | 0.93 |
| Occupancy | 29% |
Facility
| Beds | 19 |
| 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 | 19 | $33.5M | $-47.7M | -5.2% | -115.0% | 47 | 0.53 | 21% | 406 | 82 |
| 2021 | 19 | $41.9M | $-365K | 10.6% | -0.8% | 58 | 0.60 | 32% | 500 | 48 |
| 2022 | 19 | $40.0M | $-1.2M | -3.4% | -2.8% | 66 | 0.62 | 26% | 449 | 60 |
| 2023 | 19 | $46.5M | $6.7M | 8.2% | 13.2% | 39 | 0.93 | 29% | 574 | 31 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Amanda Kert | w-2 managing employee | 2025-01 | ||
| Andrew Sprang | corporate officer | 2023-01 | ||
| Angela Sprang | corporate director | 2019-01 | ||
| Ann Kujawa | corporate director | 2020-06 | ||
| Arturo Polizzi | corporate officer | 2022-05 | ||
| Bernard Dickson | corporate director | 2022-01 | ||
| Christina Stansfield | operational/managerial control | 2020-09 | ||
| Dasa Dzierwa | corporate director | 2019-01 | ||
| Eric Keckler | corporate officer | 2024-01 | ||
| Jerry Copeland | corporate officer | 2024-01 | ||
| Jodi Rucker | corporate officer | 2025-01 | ||
| Kevin Sharp | operational/managerial control | 2020-03 | ||
| Kristen Tiell | corporate officer | 2024-01 | ||
| Linda Thiel-Papenfus | corporate director | 2019-01 | ||
| Marsha Cushman | corporate director | 2019-01 | ||
| Matthey Kibler | corporate officer | 2023-01 | ||
| Promedica Health System Inc | operational/managerial control | 2015-01 | chain | |
| Sansanee Longbrake | corporate director | 2019-01 | ||
| Terrence Metzger | corporate director | 2023-05 |
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 |