Highland District Hospital
Hillsboro, Highland County, OH
· CCN 361332
Licensed to Highland District Hospital
Composite
26.1
rank score
Distress
14
FY2023
Fit
50
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- 60-90 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
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $64.8M |
| Operating margin | 8.6% |
| Total margin | 14.3% |
| Days cash on hand | 84 |
| Current ratio | 4.11 |
| Occupancy | 39% |
Facility
| Beds | 25 |
| 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 | 25 | $49.5M | $3.8M | -0.9% | 7.0% | 100 | 1.67 | 45% | 1,023 | 30 |
| 2021 | 25 | $63.0M | $35.7M | 40.5% | 48.2% | 119 | 3.86 | 58% | 1,203 | 7 |
| 2022 | 25 | $59.6M | $11.5M | 21.8% | 17.7% | 74 | 5.98 | 45% | 939 | 12 |
| 2023 | 25 | $64.8M | $10.0M | 8.6% | 14.3% | 84 | 4.11 | 39% | 804 | 14 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Highland District Hospital | 5% or greater direct ownership interest | 100 | 1966-01 | |
| Timothy Parry | corporate officer | 100 | 2022-04 | |
| Timothy Parry | w-2 managing employee | 100 | 2022-04 | |
| Barbara Yochum | corporate director | 2008-03 | ||
| Brett Barton | corporate director | 2015-03 | ||
| David Gunderman | corporate director | 1997-03 | ||
| Debra Campbell | corporate director | 2014-03 | ||
| Elizabeth Miller | corporate director | 2007-03 | ||
| Erica Hurless Miller | corporate director | 2013-03 | ||
| John Boler | corporate director | 2014-03 | ||
| John Setty | corporate director | 2021-03 | ||
| Jordan Crum | corporate director | 2025-03 | ||
| Kimberly Douglas | corporate director | 2026-03 | ||
| Lawrence Burns | corporate director | 1998-02 | ||
| Meghann Ackley | corporate officer | 2018-09 | ||
| Meghann Ackley | w-2 managing employee | 2018-09 | ||
| Phillip Wilson | corporate director | 2021-03 | ||
| Randy Mustard | corporate director | 2015-03 | ||
| Richard Vanzant | corporate director | 2022-03 | ||
| Rindy Matthews | corporate director | 2021-03 | ||
| Robert Mccray | corporate director | 2014-03 | ||
| Robert Pumpelly | corporate director | 2015-03 | ||
| Stacey Herdman | corporate director | 2023-03 | ||
| Thomas Black | corporate director | 2006-03 | ||
| William Edenfield | corporate director | 2007-03 |
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 |