Fayette County Memorial Hosp
Washington Court House, Fayette County, OH
· CCN 361331
Licensed to Adena Fayette Medical Center
Composite
32.2
rank score
Distress
25
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
- 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 | $56.6M |
| Operating margin | 8.5% |
| Total margin | 11.2% |
| Days cash on hand | 10 |
| Current ratio | 2.59 |
| Occupancy | 36% |
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 | $42.8M | $-3.8M | -28.0% | -7.6% | 28 | 0.77 | 25% | 575 | 96 |
| 2021 | 25 | $40.4M | $18.1M | 8.7% | 33.0% | 157 | 3.50 | 47% | 643 | 2 |
| 2022 | 25 | $57.3M | $2.0M | -3.8% | 3.3% | 26 | 3.08 | 49% | 791 | 40 |
| 2023 | 25 | $56.6M | $6.6M | 8.5% | 11.2% | 10 | 2.59 | 36% | 557 | 25 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Adena Health System | operational/managerial control | 2021-05 | ||
| Brian Ream | corporate director | 2021-05 | ||
| Donald Diener | corporate officer | 2021-05 | ||
| Donald Diener | w-2 managing employee | 2021-05 | ||
| Jennifer Breedlove | corporate director | 2021-05 | ||
| Lisa Carlson | corporate officer | 2021-05 | ||
| Lisa Carlson | w-2 managing employee | 2021-05 | ||
| Lisa Henness | w-2 managing employee | 2021-05 | ||
| Mark Richards | corporate director | 2021-05 | ||
| Myron Priest | corporate director | 2021-05 | ||
| Sharon Wisecup | w-2 managing employee | 2021-05 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2021-05-02 | change of ownership | Adena Fayette Medical Center | Fayette County Memorial 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 |