Shelby Memorial Hospital
dba Ohiohealth Shelby Hospital ·
Shelby, Richland County, OH
· CCN 361324
Licensed to Medcentral Health System
Composite
34.9
rank score
Distress
30
FY2024
Fit
54
vs thesis
Estimated ticket
$1.8M–$3.6M
21 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- margin deteriorating sharply
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $39.3M |
| Operating margin | 10.5% |
| Total margin | 12.4% |
| Days cash on hand | 0 |
| Current ratio | 1.55 |
| Occupancy | 65% |
Facility
| Beds | 21 |
| 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 | $37.2M | $7.4M | 14.4% | 18.9% | 0 | 0.52 | 48% | 465 | 49 |
| 2022 | 25 | $41.7M | $7.0M | 15.5% | 16.5% | 0 | 0.53 | 54% | 433 | 49 |
| 2023 | 20 | $40.2M | $5.7M | 13.0% | 14.0% | 0 | 0.75 | 64% | 329 | 47 |
| 2024 | 21 | $39.3M | $5.0M | 10.5% | 12.4% | 0 | 1.55 | 65% | 320 | 30 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andy Rose | corporate officer | 2023-07 | ||
| Andy Rose | corporate director | 2021-07 | ||
| Arvind Malik | corporate director | 2024-01 | ||
| Carolyn Kile | corporate director | 2023-07 | ||
| David Eichinger | corporate director | 2017-07 | ||
| David Harrison | corporate director | 2020-07 | ||
| Donna James | corporate officer | 2021-07 | ||
| Donna James | corporate director | 2021-07 | ||
| Elizabeth Ingram | corporate officer | 2024-07 | ||
| Elizabeth Ingram | corporate director | 2015-07 | ||
| Gregory Palmer | corporate director | 2014-03 | ||
| Jeffrey Hutchison | corporate director | 2021-07 | ||
| Jennifer Papp | corporate director | 2023-10 | ||
| John Schwemer | corporate director | 2020-02 | ||
| Joseph Lyren | corporate director | 2017-03 | ||
| Joseph Lyren | w-2 managing employee | 2017-03 | ||
| Karen Cook | corporate director | 2017-10 | ||
| Linda Hondros | corporate officer | 2024-07 | ||
| Linda Hondros | corporate director | 2019-07 | ||
| Michael Browning | corporate officer | 2019-06 | ||
| Michael Coleman | corporate director | 2020-07 | ||
| Mike Mahaffey | corporate director | 2023-07 | ||
| Nicholas Honda | corporate director | 2024-01 | ||
| Ohiohealth Corporation | operational/managerial control | 2014-03 | ||
| Peggy Simmons | corporate director | 2024-01 |
Showing 25 of 29. Full list via /api/targets/361324.
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 |