Regency Hospital Of North Central
dba Regency Hospital Of North Central Ohio (Cleveland) ·
Warrensville Heights, Cuyahoga County, OH
· CCN 362029
Licensed to Regency Hospital Of North Central Ohio, Llc
Composite
34.3
rank score
Distress
4
FY2024
Fit
82
vs thesis
Estimated ticket
$26.1M–$104M
87 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- current ratio under 1.5
- 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
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $57.9M |
| Operating margin | 10.5% |
| Total margin | 11.2% |
| Days cash on hand | — |
| Current ratio | 1.37 |
| Occupancy | 65% |
Facility
| Beds | 87 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $300K |
| Per-bed (high) | $1.2M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 87 | $47.7M | $3.1M | 4.2% | 6.4% | — | 0.80 | 68% | 901 | 17 |
| 2022 | 87 | $50.2M | $-799K | -1.7% | -1.6% | — | 1.19 | 70% | 968 | 40 |
| 2023 | 87 | $51.5M | $3.8M | 7.0% | 7.4% | — | 1.28 | 67% | 936 | 4 |
| 2024 | 87 | $57.9M | $6.5M | 10.5% | 11.2% | — | 1.37 | 65% | 834 | 4 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Intensiva Healthcare Corporation | 5% or greater indirect ownership interest | 100 | 2010-09 | |
| Regency Hospital Company, Llc | 5% or greater indirect ownership interest | 100 | 2023-01 | |
| Select Cleveland Hospitals, Llc | 5% or greater direct ownership interest | 100 | 2016-07 | |
| Select Medical Corporation | 5% or greater indirect ownership interest | 100 | 2010-09 | |
| Select Medical Corporation | operational/managerial control | 100 | 2010-09 | |
| Regency Hospitals Llc | 5% or greater indirect ownership interest | 51 | 2023-01 | |
| The Cleveland Clinic Foundation | 5% or greater indirect ownership interest | 49 | 2016-07 | |
| Christopher Sloat | corporate officer | 2024-08 | ||
| Christopher Sloat | w-2 managing employee | 2024-08 | ||
| Christopher Sloat | operational/managerial control | 2024-08 | ||
| Jennifer Fess | corporate officer | 2025-02 | ||
| Jennifer Fess | w-2 managing employee | 2025-02 | ||
| Jennifer Fess | operational/managerial control | 2025-02 | ||
| John Duggan | corporate officer | 2010-09 | ||
| John Duggan | corporate director | 2025-09 | ||
| John Saich | corporate officer | 2025-08 | ||
| Michael Chapple | corporate officer | 2025-01 | ||
| Michael Chapple | w-2 managing employee | 2025-01 | ||
| Michael Chapple | operational/managerial control | 2025-01 | ||
| Michael Malatesta | corporate officer | 2025-04 | ||
| Robert Breighner | w-2 managing employee | 2025-08 | ||
| Robert Kido | corporate officer | 2025-08 | ||
| Thomas Mullin | corporate officer | 2025-08 |
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 |