Fulton County Health Center
Wauseon, Fulton County, OH
· CCN 361333
Licensed to Fulton County Health Center
Composite
33.6
rank score
Distress
28
FY2023
Fit
52
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $114M |
| Operating margin | -2.4% |
| Total margin | 4.0% |
| Days cash on hand | 64 |
| Current ratio | 3.16 |
| 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 | $82.2M | $3.3M | -7.4% | 3.6% | 126 | 3.63 | 26% | 864 | 36 |
| 2021 | 25 | $93.8M | $2.0M | -5.3% | 2.0% | 45 | 3.30 | 30% | 862 | 48 |
| 2022 | 25 | $95.2M | $-6.7M | -7.4% | -7.0% | 56 | 3.24 | 28% | 894 | 60 |
| 2023 | 25 | $114M | $4.9M | -2.4% | 4.0% | 64 | 3.16 | 37% | 1,182 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Patricia Finn | corporate officer | 100 | 2012-09 | |
| Patricia Finn | w-2 managing employee | 100 | 2012-09 | |
| Patricia Finn | operational/managerial control | 100 | 2013-08 | |
| Brett Kolb | corporate officer | 2024-02 | ||
| Brett Kolb | corporate director | 2010-02 | ||
| Brock Mealer | corporate officer | 2024-02 | ||
| Brock Mealer | corporate director | 2021-01 | ||
| David Grieser | corporate director | 2010-02 | ||
| Frank Onweller | corporate director | 2023-03 | ||
| Jonathon Rupp | corporate director | 2012-03 | ||
| Katie Eisel | corporate director | 2026-02 | ||
| Kayla Miller | corporate director | 2023-01 | ||
| Mark Hagans | corporate director | 2007-04 | ||
| Matthew Willeman | corporate officer | 2023-05 | ||
| Matthew Willeman | w-2 managing employee | 2023-05 | ||
| Melissa Pifer | corporate director | 2025-01 | ||
| Michelle Savage | corporate director | 2024-06 | ||
| Rebecca Taylor | w-2 managing employee | 2019-12 | ||
| Rick Kazmierczak | corporate director | 2013-01 | ||
| Stephen Maloney | corporate director | 2024-07 | ||
| Tiffany Johnston | w-2 managing employee | 2022-07 |
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 |