Daniel Drake Center For Post-Acute C
Cincinnati, Hamilton County, OH · CCN 362004
Composite
59.2
rank score
Distress
69
FY2024
Fit
70
vs thesis
Estimated ticket
$20.9M–$83.6M
82 beds ·
within envelope
Ownership
nonprofit
LTCH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- debt above 70% of assets
- occupancy 30-45%
- margin deteriorating
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- bed count in the target band
- ticket size somewhat below the envelope
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $43.7M |
| Operating margin | -52.4% |
| Total margin | -40.3% |
| Days cash on hand | — |
| Current ratio | 4.93 |
| Occupancy | 31% |
Facility
| Beds | 82 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $255K |
| Per-bed (high) | $1.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 82 | $42.5M | $-17.9M | -54.6% | -37.5% | 0 | -26.83 | 31% | 452 | 86 |
| 2022 | 82 | $40.3M | $-25.0M | -80.3% | -52.5% | 0 | -50.67 | 26% | 357 | 89 |
| 2023 | 82 | $39.0M | $-15.7M | -51.5% | -36.2% | — | 4.28 | 31% | 305 | 74 |
| 2024 | 82 | $43.7M | $-19.1M | -52.4% | -40.3% | — | 4.93 | 31% | 286 | 69 |
Owners
No ownership records — CMS has no owner filings mapped to this CCN.
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 |
|---|---|---|---|---|
| 2022-06-14 | Select Specialty Hospital - Boardman, Inc. | Vibra Hospital Of Mahoning Valley Llc | Ssh - Boardman Inc | 79 |
| 2019-09-30 | Pam Specialty Hospital Of Dayton Llc | New Lifecare Hospitals Of Dayton Llc | Pam Specialty Hospital Of Miamisburg | 36 |
| 2017-11-01 | Select Specialty Hospital -... | Regency Hospital Of Cincinnati, Llc | Ssh - Cincinnati Inc. | 71 |