Adams County Regional Medical Center
Seaman, Adams County, OH
· CCN 361326
Licensed to Adams County Regional Medical Center
Composite
38.1
rank score
Distress
38
FY2023
Fit
52
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin -10% to -5%
- total margin under 2%
- 90-150 days cash on hand
- occupancy 30-45%
- margin deteriorating
- 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 | $36.6M |
| Operating margin | -6.9% |
| Total margin | 1.5% |
| Days cash on hand | 144 |
| Current ratio | 4.92 |
| Occupancy | 35% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2019 | 25 | $12.3M | $13.1M | 41.3% | 64.6% | 235 | 2.59 | 16% | 174 | 9 |
| 2020 | 25 | $24.4M | $1.1M | -17.6% | 3.6% | 159 | 1.54 | 37% | 590 | 38 |
| 2021 | 25 | $33.2M | $5.4M | 1.1% | 14.2% | 157 | 4.00 | 44% | 614 | 12 |
| 2022 | 25 | $36.0M | $1.5M | -3.3% | 3.9% | 144 | 2.93 | 39% | 552 | 26 |
| 2023 | 25 | $36.6M | $608K | -6.9% | 1.5% | 144 | 4.92 | 35% | 493 | 38 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Alan Bird | corporate officer | 100 | 2019-10 | |
| Umb Bank National Association | 5% or greater mortgage interest | 100 | 2019-10 | |
| Alan Bird | corporate director | 2019-10 | ||
| Chad Wilson | corporate director | 2019-10 | ||
| Dane Clark | corporate director | 2019-10 | ||
| Jack Mccoy | corporate director | 2019-10 | ||
| Matthew Armstrong | corporate director | 2019-10 | ||
| Peggy Chalker | corporate director | 2019-10 | ||
| Pete Dagenbach | w-2 managing employee | 2019-10 | ||
| Roy Gustin | corporate director | 2019-10 | ||
| Sherri Spencer | corporate director | 2019-10 | ||
| Umb Bank National Association | 5% or greater security interest | 2019-10 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2019-10-01 | change of ownership | Adams County Regional Medical Center | Adams County Hospital |
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 |