Wyandot Memorial Hospital
Upper Sandusky, Wyandot County, OH
· CCN 361329
Licensed to Wyandot Memorial Hospital
Composite
34.5
rank score
Distress
39
FY2023
Fit
42
vs thesis
Estimated ticket
$2.0M–$4.1M
24 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- 90-150 days cash on hand
- occupancy 30-45%
- margin slipping
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $77.3M |
| Operating margin | -9.8% |
| Total margin | -0.4% |
| Days cash on hand | 128 |
| Current ratio | 3.45 |
| Occupancy | 33% |
Facility
| Beds | 24 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| 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 | 24 | $52.5M | $668K | -8.4% | 1.2% | 315 | 2.56 | 42% | 702 | 31 |
| 2021 | 24 | $57.9M | $19.9M | 16.6% | 29.2% | 326 | 3.51 | 38% | 634 | 6 |
| 2022 | 24 | $74.7M | $9.0M | 7.4% | 11.5% | 171 | 3.65 | 35% | 698 | 6 |
| 2023 | 24 | $77.3M | $-318K | -9.8% | -0.4% | 128 | 3.45 | 33% | 689 | 39 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Beth Smith | operational/managerial control | 2009-01 | ||
| David Courtad | operational/managerial control | 2025-01 | ||
| Jeff Bowen | operational/managerial control | 2023-01 | ||
| Kendra Noyes | w-2 managing employee | 2017-12 | ||
| Krista Kenner | w-2 managing employee | 2014-04 | ||
| Kyle Bowman | operational/managerial control | 2004-10 | ||
| Mary Anne Schwenning | w-2 managing employee | 2005-09 | ||
| Rob Mcclure | operational/managerial control | 2018-08 | ||
| Roberta Sigler | operational/managerial control | 2017-08 | ||
| Ty Shaull | w-2 managing employee | 2017-12 | ||
| Wyandot Memorial Hospital | operational/managerial control | 1966-07 |
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 |