Galion Community Hospital
Galion, Crawford County, OH
· CCN 361325
Licensed to Galion Community Hospital
Composite
32.9
rank score
Distress
22
FY2024
Fit
58
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 45-60%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $137M |
| Operating margin | 17.9% |
| Total margin | 33.3% |
| Days cash on hand | 15 |
| Current ratio | 4.77 |
| Occupancy | 52% |
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 | $122M | $6.7M | 30.1% | 5.3% | 7 | 1.27 | 62% | 1,521 | 26 |
| 2022 | 25 | $128M | $6.9M | 23.4% | 5.4% | 13 | 1.87 | 74% | 1,597 | 22 |
| 2023 | 25 | $128M | $10.7M | 16.6% | 7.7% | 13 | 32.65 | 54% | 1,404 | 24 |
| 2024 | 25 | $137M | $51.4M | 17.9% | 33.3% | 15 | 4.77 | 52% | 1,344 | 22 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Charles Walker | corporate director | 2004-10 | ||
| Donald Barr | corporate director | 2004-10 | ||
| Donald Draime | corporate director | 2010-03 | ||
| Donald Draime | w-2 managing employee | 2010-03 | ||
| Donald Plotts | corporate director | 2014-01 | ||
| Douglas Schilling | corporate director | 2007-09 | ||
| Eric Geyer | corporate director | 2004-10 | ||
| Jason Mcmullen | corporate director | 2011-01 | ||
| Jeffrey Underwood | corporate director | 2014-01 | ||
| Jerome Morasko | corporate officer | 2009-04 | ||
| John Basinger | corporate director | 2011-01 | ||
| Joseph Shadeed | corporate director | 2011-01 | ||
| Kay Mcdonald | corporate director | 2010-01 | ||
| Kymberly Fox | corporate director | 2004-10 | ||
| Linda Chambers | corporate director | 2004-10 | ||
| Linda Smith | corporate director | 2014-01 | ||
| Mark Schneider | corporate director | 2007-09 | ||
| Philip Brown | corporate director | 2010-01 | ||
| Rex Cramer | corporate director | 2007-09 | ||
| Sherri Clevenger | corporate director | 2010-01 |
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 |