Kindred Hospital Lima
Lima, Allen County, OH
· CCN 362020
Licensed to Scci Hospitals Of America Llc
Composite
54.4
rank score
Distress
54
FY2024
Fit
76
vs thesis
Estimated ticket
$6.6M–$26.5M
26 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin negative
- total margin negative
- current ratio below 0.8
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- small but workable bed count
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $13.1M |
| Operating margin | -4.1% |
| Total margin | -0.1% |
| Days cash on hand | — |
| Current ratio | 0.46 |
| Occupancy | 60% |
Facility
| Beds | 26 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| 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 | 26 | $19.4M | $5.3M | 26.7% | 27.3% | — | 0.81 | 82% | 312 | 11 |
| 2022 | 26 | $20.7M | $5.9M | 27.5% | 28.2% | 0 | 1.09 | 76% | 269 | 26 |
| 2023 | 26 | $17.2M | $3.2M | 16.3% | 18.3% | 0 | 1.12 | 74% | 308 | 26 |
| 2024 | 26 | $13.1M | $-14.3K | -4.1% | -0.1% | — | 0.46 | 60% | 242 | 54 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Kentucky Hospital Holdings Jv Lp | 5% or greater indirect ownership interest | 100 | 2018-07 | |
| Kentucky Hospital Holdings Llc | 5% or greater indirect ownership interest | 100 | 2018-07 | |
| Kentucky Hospital Intermediate Llc | 5% or greater indirect ownership interest | 100 | 2018-07 | |
| Kindred Healthcare Llc | 5% or greater indirect ownership interest | 100 | 1998-03 | |
| Kindred Healthcare Operating Llc | 5% or greater indirect ownership interest | 100 | 1998-02 | |
| Kindred Rehab Hospital Holdings Llc | 5% or greater indirect ownership interest | 100 | 2005-06 | |
| Knight Health Holdings Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Knight Health Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Scci Health Services Llc | 5% or greater direct ownership interest | 100 | 1998-07 | |
| Triumph Healthcare Holdings Llc | 5% or greater indirect ownership interest | 100 | 2004-08 | |
| Triumph Healthcare Second Holdings Llc | 5% or greater indirect ownership interest | 100 | 2005-08 | |
| Triumph Healthcare Third Holdings Llc | 5% or greater indirect ownership interest | 100 | 2006-07 | |
| Dana Rock | corporate officer | 2024-12 | ||
| Deanna Schiavone | corporate officer | 2022-08 | ||
| Jacquelyn Davis | contracted managing employee | 2023-12 | ||
| Johnetta Traylor | corporate officer | 2024-12 | ||
| Mark Laroche | corporate officer | 2021-01 | ||
| Michael Bean | corporate officer | 2004-12 | ||
| Scott Graeser | corporate officer | 2022-08 | ||
| Susan Krinke | operational/managerial control | 2012-06 |
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 |