Summa Rehab Hospital
Akron, Summit County, OH
· CCN 363035
Licensed to Summa Rehab Hospital Llc
Composite
54.6
rank score
Distress
28
FY2024
Fit
88
vs thesis
Estimated ticket
$19.5M–$78.0M
60 beds ·
within envelope
Ownership
for-profit
PE 5y
Why it ranks here
- 30-60 days cash on hand
- current ratio under 1.5
- margin deteriorating sharply
- PE-owned 5 years — approaching exit window
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- 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 | $30.6M |
| Operating margin | 7.4% |
| Total margin | 8.9% |
| Days cash on hand | 34 |
| Current ratio | 1.32 |
| Occupancy | 73% |
Facility
| Beds | 60 |
| Facility type | RH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $325K |
| Per-bed (high) | $1.3M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 60 | $32.7M | $10.4M | 31.0% | 31.6% | 128 | 1.62 | 85% | 1,729 | 9 |
| 2022 | 60 | $31.5M | $9.1M | 26.8% | 28.3% | 77 | 2.43 | 78% | 1,547 | 14 |
| 2023 | 60 | $34.8M | $7.7M | 21.0% | 21.9% | 43 | 1.69 | 68% | 1,378 | 17 |
| 2024 | 60 | $30.6M | $2.8M | 7.4% | 8.9% | 34 | 1.32 | 73% | 1,321 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Akron Assurance Hospital Company Llc | 5% or greater indirect ownership interest | 52 | 2025-09 | |
| Akron Regional Hospital Llc | 5% or greater direct ownership interest | 52 | 2025-09 | |
| Epoch Acquisition Inc | 5% or greater indirect ownership interest | 48 | 2019-01 | |
| Epoch Midco, Inc | 5% or greater indirect ownership interest | 48 | 2019-01 | |
| Epoch Parent Holdings Llc | 5% or greater indirect ownership interest | 48 | 2019-01 | |
| Epoch Parent Inc | 5% or greater indirect ownership interest | 48 | 2019-01 | |
| Ernest Health Holdings Llc | 5% or greater direct ownership interest | 48 | 2019-01 | |
| One Equity Partners Vii Lp | 5% or greater indirect ownership interest | 28 | 2019-01 | PE |
| One Equity Partners Vii-A Lp | 5% or greater indirect ownership interest | 14 | 2019-01 | PE |
| One Equity Partners Vii-B Lp | 5% or greater indirect ownership interest | 6 | 2019-01 | PE |
| Ann Kiser | corporate officer | 2021-01 | ||
| Ann Kiser | corporate director | 2021-01 | ||
| Jacob Socha | corporate officer | 2023-11 | ||
| Joy Miller | corporate director | 2023-03 | ||
| Kara Simpson | corporate officer | 2023-03 | ||
| Kara Simpson | corporate director | 2023-03 | ||
| Kathy Blake | corporate officer | 2022-11 | ||
| Kathy Blake | corporate director | 2022-11 | ||
| Kyle Anderson | corporate director | 2026-01 | ||
| Melissa Soltis | corporate director | 2022-11 | ||
| Michelle Dudek | corporate officer | 2018-06 | ||
| Nicole Fantelli | w-2 managing employee | 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 |
|---|---|---|---|---|
| 2024-10-30 | Insight Foundation Of Hillside | Steward Hillside Rehabilitation... | Hillside Hospital | 65 |
| 2023-03-28 | Ohrh, Llc | Dublin Rehabilitation Hospital, Llc | Ohiohealth Rehabilitation Hospital | 114 |
| 2023-03-01 | Crh Of Cincinnati Llc | Everest Rehabilitation Hospital... | Liberty Rehabilitation Hospital | 36 |