Regency Hospital Of Toledo
Sylvania, Lucas County, OH
· CCN 362036
Licensed to Regency Hospital Of Toledo, Llc
Composite
57.9
rank score
Distress
59
FY2023
Fit
78
vs thesis
Estimated ticket
$18.6M–$74.5M
73 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin -10% to -5%
- total margin below -8%
- occupancy 45-60%
- margin deteriorating sharply
- 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
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $27.3M |
| Operating margin | -6.4% |
| Total margin | -10.2% |
| Days cash on hand | — |
| Current ratio | 2.06 |
| Occupancy | 47% |
Facility
| Beds | 73 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 45 | $26.4M | $5.3M | 17.6% | 19.4% | — | 0.90 | 83% | 479 | 11 |
| 2021 | 45 | $28.5M | $1.5M | 14.2% | 5.3% | — | 1.42 | 77% | 446 | 4 |
| 2022 | 45 | $24.1M | $-2.7M | -1.8% | -10.9% | — | 1.23 | 72% | 424 | 46 |
| 2023 | 73 | $27.3M | $-2.8M | -6.4% | -10.2% | — | 2.06 | 47% | 465 | 59 |
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 | 2010-09 | |
| Regency Hospitals Llc | 5% or greater direct ownership interest | 100 | 2023-01 | |
| Select Medical Corporation | 5% or greater indirect ownership interest | 100 | 2010-09 | |
| Select Medical Corporation | operational/managerial control | 100 | 2010-09 | |
| David Chernow | corporate officer | 2011-06 | ||
| David Muggli | corporate officer | 2024-01 | ||
| David Muggli | w-2 managing employee | 2024-01 | ||
| David Muggli | operational/managerial control | 2024-01 | ||
| John Duggan | corporate officer | 2010-09 | ||
| Martin Jackson | corporate officer | 2010-09 | ||
| Michael Tarvin | corporate officer | 2010-09 | ||
| Robert Ortenzio | corporate officer | 2010-09 | ||
| Robert Ortenzio | corporate director | 2010-09 |
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 |