Defiance Hospital Inc.
dba Defiance Regional Medical Center ·
Defiance, OH
· CCN 361328
Licensed to Defiance Hospital Inc.
Composite
35.9
rank score
Distress
33
FY2023
Fit
52
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
- current liabilities exceed current assets
- 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 | $84.0M |
| Operating margin | 21.2% |
| Total margin | 14.3% |
| Days cash on hand | 18 |
| Current ratio | 0.84 |
| Occupancy | 37% |
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 | $68.1M | $-107M | 8.6% | -140.9% | 48 | 0.57 | 41% | 1,134 | 60 |
| 2021 | 25 | $81.6M | $-3.3M | 24.2% | -3.9% | 35 | 0.52 | 40% | 1,028 | 56 |
| 2022 | 25 | $78.6M | $9.8M | 16.7% | 12.2% | 60 | 0.79 | 37% | 942 | 33 |
| 2023 | 25 | $84.0M | $12.2M | 21.2% | 14.3% | 18 | 0.84 | 37% | 961 | 33 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Amer Arshad | corporate director | 2022-01 | ||
| Arturo Polizzi | corporate officer | 2022-05 | ||
| Christina Stansfield | operational/managerial control | 2020-09 | ||
| Crystal Hornish | corporate director | 2019-01 | ||
| Cynthia Ensign | corporate director | 2022-01 | ||
| Dawn Buskey | corporate director | 2021-02 | ||
| Diana Eichenauer | operational/managerial control | 2020-03 | ||
| Douglas Bush | corporate director | 2019-01 | ||
| Gary Cates | corporate director | 2019-01 | ||
| Holly Bristoll | corporate director | 2019-05 | ||
| Jennier Boyd | corporate director | 2019-01 | ||
| Jonathan Gathman | corporate director | 2022-01 | ||
| Jordan Stuckey | corporate director | 2019-01 | ||
| Joshua Lucas | corporate director | 2019-01 | ||
| Kathryn Groff | corporate director | 2019-01 | ||
| Kevin Sharp | corporate officer | 2020-03 | ||
| Laura Kline | corporate director | 2013-03 | ||
| Michelle Stahl | corporate director | 2019-01 | ||
| Promedica Health System Inc | operational/managerial control | 2015-01 | ||
| Richanne Mankey | corporate director | 2019-01 | ||
| Robert Morton | corporate director | 2022-01 | ||
| Samuel Switzer | corporate director | 2022-02 | ||
| Sue Strausbaugh | 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.
| 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 |