dealflow
envelope $200M

← Targets

Access Hospital Dayton

Dayton, OH · CCN 364050

Composite
52.3
rank score
Distress
50
FY2023
Fit
74
vs thesis
Estimated ticket
$8.4M–$33.7M
36 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
  • current ratio under 1.5
  • debt above 70% of assets
  • occupancy 30-45%
  • margin deteriorating
  • urban — higher occupancy and iteration surface
  • specialty facility — narrower problem scope
  • small but workable bed count
  • small ticket — deploys little of the available capital
  • thin occupancy
  • for-profit — no charitable conversion review

Latest financials · FY2023

Net patient revenue$3.5M
Operating margin -37.9%
Total margin 0.9%
Days cash on hand 107
Current ratio 1.31
Occupancy37%

Facility

Beds36
Facility typePH
Settingurban
Ownership classfor-profit
Per-bed (low) $234K
Per-bed (high) $935K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 36 $6.8M $233K 3.4% 3.4% 6 3.15 52% 1,175 24
2021 36 $4.1M $976K -45.2% 14.1% 11 2.16 42% 935 56
2022 36 $2.6M $-89.3K -53.5% -2.3% 11 1.56 33% 493 63
2023 36 $3.5M $41.8K -37.9% 0.9% 107 1.31 37% 873 50

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.

DateBuyerSellerHospitalBeds
2024-06-20 50 St Lawrence Opco Llc Voa Rehabilitation Centers Inc Sojourn At Seneca 24