Lindner Center Of Hope
Mason, Warren County, OH
· CCN 364044
Licensed to The Craig And Frances Lindner Center Of Hope
Composite
51.9
rank score
Distress
42
FY2024
Fit
82
vs thesis
Estimated ticket
$8.8M–$35.2M
32 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin below -10%
- total margin under 2%
- 90-150 days cash on hand
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- small but workable bed count
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $36.7M |
| Operating margin | -20.7% |
| Total margin | 0.9% |
| Days cash on hand | 92 |
| Current ratio | 3.30 |
| Occupancy | 71% |
Facility
| Beds | 32 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $275K |
| Per-bed (high) | $1.1M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 32 | $33.0M | $5.8M | -15.3% | 15.9% | 96 | 2.99 | 81% | 1,462 | 32 |
| 2022 | 32 | $34.5M | $-1.7M | -18.6% | -4.4% | 129 | 2.43 | 79% | 1,322 | 44 |
| 2023 | 32 | $36.3M | $1.7M | -20.0% | 3.9% | 103 | 3.93 | 76% | 1,398 | 32 |
| 2024 | 32 | $36.7M | $392K | -20.7% | 0.9% | 92 | 3.30 | 71% | 1,310 | 42 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Anne Kereiakes | corporate director | 2008-08 | ||
| Brian Owens | corporate director | 2008-08 | ||
| Brian Owens | w-2 managing employee | 2008-08 | ||
| Frances Lindner | corporate director | 2008-08 | ||
| James Kingsbury | corporate director | 2010-09 | ||
| John Steinman | corporate director | 2009-10 | ||
| Julia Heidt | corporate director | 2008-08 | ||
| Laura Nixon | corporate officer | 2025-01 | ||
| Michael Groat | corporate officer | 2025-01 | ||
| Pamela Sibcy | corporate director | 2008-08 | ||
| Paul Keck | corporate officer | 2008-08 | ||
| Paul Keck | corporate director | 2008-08 | ||
| Paul Keck | w-2 managing employee | 2008-08 | ||
| Sandra Amoils | corporate director | 2008-08 | ||
| Stephen Lindner | corporate director | 2008-08 | ||
| Thomas Boat | corporate director | 2011-09 | ||
| Vincent Rinaldi | corporate director | 2008-08 | ||
| William Butler | corporate director | 2009-10 |
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 |
|---|---|---|---|---|
| 2024-06-20 | 50 St Lawrence Opco Llc | Voa Rehabilitation Centers Inc | Sojourn At Seneca | 24 |