Advanced Specialty Hosp. Of Toledo
Toledo, Lucas County, OH · CCN 362038
Composite
52.9
rank score
Distress
53
FY2024
Fit
72
vs thesis
Estimated ticket
$8.9M–$35.7M
35 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin negative
- total margin negative
- under 30 days cash on hand
- occupancy 45-60%
- 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
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $12.7M |
| Operating margin | -2.6% |
| Total margin | -2.6% |
| Days cash on hand | 0 |
| Current ratio | 8.64 |
| Occupancy | 57% |
Facility
| Beds | 35 |
| 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 | 40 | $12.1M | $446K | 1.5% | 3.6% | 0 | 14.64 | 54% | 228 | 31 |
| 2022 | 40 | $11.4M | $1.3M | -1.4% | 9.9% | 0 | 3.85 | 50% | 291 | 40 |
| 2023 | 40 | $9.3M | $-2.3M | -25.3% | -24.5% | 0 | 7.20 | 35% | 186 | 72 |
| 2024 | 35 | $12.7M | $-325K | -2.6% | -2.6% | 0 | 8.64 | 57% | 217 | 53 |
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 |