Aultman Orrville Hospital
Orrville, Wayne County, OH
· CCN 361323
Licensed to Orrville Hospital Foundation
Composite
35.4
rank score
Distress
32
FY2023
Fit
52
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- 30-60 days cash on hand
- current ratio below 0.8
- 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 · FY2023
| Net patient revenue | $74.4M |
| Operating margin | 13.4% |
| Total margin | 17.4% |
| Days cash on hand | 41 |
| Current ratio | -0.71 |
| 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 | $40.6M | $777K | -2.7% | 1.7% | 190 | 2.79 | 34% | 1,030 | 24 |
| 2021 | 25 | $56.7M | $12.0M | 12.2% | 19.4% | 86 | -2.98 | 39% | 1,669 | 29 |
| 2022 | 25 | $58.1M | $4.1M | 3.3% | 6.9% | 72 | -2.12 | 37% | 1,291 | 29 |
| 2023 | 25 | $74.4M | $13.6M | 13.4% | 17.4% | 41 | -0.71 | 40% | 1,321 | 32 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Aultman Health Foundation | 5% or greater direct ownership interest | 100 | 2012-01 | |
| Adam Luntz | corporate officer | 2016-03 | ||
| Adam Luntz | w-2 managing employee | 2016-03 | ||
| Robert Mullen | corporate officer | 2024-01 | ||
| Robert Mullen | corporate director | 2024-01 | ||
| Ryan Jones | corporate officer | 2023-01 | ||
| Ryan Jones | corporate director | 2023-01 | ||
| Ryan Jones | w-2 managing employee | 2023-01 |
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.
| 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 |