Specialty Hospital Of Lorain
Amherst, Lorain County, OH · CCN 362025
Composite
52.7
rank score
Distress
73
FY2023
Fit
50
vs thesis
Estimated ticket
$5.0M–$20.2M
24 beds ·
within envelope
Ownership
nonprofit
LTCH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- 30-60 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $5.1M |
| Operating margin | -13.7% |
| Total margin | -10.5% |
| Days cash on hand | 53 |
| Current ratio | 2.10 |
| Occupancy | 29% |
Facility
| Beds | 24 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $210K |
| Per-bed (high) | $840K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 24 | $5.6M | $659K | -2.9% | 10.3% | 161 | 1.58 | 40% | 167 | 21 |
| 2021 | 24 | $5.6M | $187K | -5.2% | 3.1% | 137 | 1.84 | 35% | 150 | 32 |
| 2022 | 24 | $6.3M | $43.3K | -1.6% | 0.7% | 73 | 2.67 | 36% | 156 | 34 |
| 2023 | 24 | $5.1M | $-549K | -13.7% | -10.5% | 53 | 2.10 | 29% | 126 | 73 |
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 |