dealflow
envelope $200M

← Targets

Holzer Medical Center Jackson

Jackson, Jackson County, OH · CCN 361320
Licensed to Holzer Medical Center Jackson

Composite
27.6
rank score
Distress
21
FY2024
Fit
46
vs thesis
Estimated ticket
$2.0M–$4.1M
24 beds · within envelope
Ownership
nonprofit
CAH

Why it ranks here

  • liabilities exceed assets
  • occupancy 30-45%
  • margin deteriorating
  • rural — cheaper but limited density
  • very small facility
  • very small ticket — sub-scale as a platform asset
  • thin occupancy
  • nonprofit — expect AG conversion review

Latest financials · FY2024

Net patient revenue$29.0M
Operating margin 24.8%
Total margin 27.6%
Days cash on hand 256
Current ratio 4.66
Occupancy36%

Facility

Beds24
Facility typeCAH
Settingrural
Ownership classnonprofit
Per-bed (low) $85.0K
Per-bed (high) $170K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 24 $23.8M $8.1M 28.9% 32.4% 265 2.55 33% 281 17
2022 24 $24.9M $6.6M 18.4% 24.5% 251 2.69 33% 350 17
2023 24 $25.7M $5.5M 18.6% 20.8% 254 4.35 30% 344 17
2024 24 $29.0M $8.3M 24.8% 27.6% 256 4.66 36% 433 21

Owners

OwnerRole%SinceType
Holzer Health System
Gallipolis, OH
5% or greater direct ownership interest 100 2000-01
Craig Mason w-2 managing employee 2022-09
Gerald Roach corporate officer 2024-01
Larry Kidd corporate director 2007-10
Lori Harrison w-2 managing employee 2014-07
Michael Haynes corporate officer 2017-01
Nicolette Jones corporate officer 2024-01
Paul Reed corporate director 2007-10
Robert Grillo corporate director 2007-10
Robert Pugh corporate director 2016-12
Rodney Stout corporate officer 2024-01
Shana Booher corporate director 2020-01
Tom Wiseman corporate director 2019-01

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.

DateBuyerSellerHospitalBeds
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