Sojourn At Seneca
dba Sojourn At Seneca Senior Behavioral Health Hospital ·
Tiffin, Seneca County, OH
· CCN 364055
Licensed to 50 St Lawrence Opco Llc
Already transacted. CMS recorded an ownership change effective
2024-06-20. Confirm the current owner before spending a call on this.
Composite
18.7
rank score
Distress
63
FY2024
Fit
62
vs thesis
Estimated ticket
$1.1M–$2.2M
24 beds ·
within envelope
Ownership
nonprofit
PH
Why it ranks here
- operating margin below -10%
- total margin under 2%
- 30-60 days cash on hand
- liabilities exceed assets
- margin deteriorating sharply
- rural — cheaper but limited density
- specialty facility — narrower problem scope
- very small facility
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
- changed ownership 2024-06-20 — likely already transacted
Latest financials · FY2024
| Net patient revenue | $5.6M |
| Operating margin | -10.1% |
| Total margin | 1.5% |
| Days cash on hand | 37 |
| Current ratio | 1.98 |
| Occupancy | 72% |
Facility
| Beds | 24 |
| Facility type | PH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $46.8K |
| Per-bed (high) | $93.5K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 24 | $4.8M | $424K | -9.4% | 7.5% | 52 | 1.25 | 60% | 361 | 56 |
| 2022 | 24 | $4.6M | $444K | -17.3% | 7.6% | 59 | 2.46 | 59% | 307 | 58 |
| 2023 | 24 | $5.7M | $451K | -9.7% | 6.8% | 42 | 2.69 | 69% | 318 | 50 |
| 2024 | 24 | $5.6M | $92.8K | -10.1% | 1.5% | 37 | 1.98 | 72% | 345 | 63 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ohtree Sojourn Opco Holdco Llc | 5% or greater direct ownership interest | 100 | 2024-06 | |
| Philipson Family Limited Liability Company, Llc | 5% or greater indirect ownership interest | 16 | 2024-06 | |
| Rap 118 Llc | 5% or greater indirect ownership interest | 16 | 2024-06 | |
| Matis Friedman | 5% or greater indirect ownership interest | 10 | 2024-06 | |
| Agrp 2011 Trust | 5% or greater indirect ownership interest | 8 | 2024-06 | |
| Avi Philipson | 5% or greater indirect ownership interest | 8 | 2024-06 | |
| Deborah Philipson 2011 Family Trust | 5% or greater indirect ownership interest | 8 | 2024-06 | |
| Vicki Drazin | 5% or greater indirect ownership interest | 8 | 2024-06 | |
| Daniel Schaffer | 5% or greater indirect ownership interest | 8 | 2024-06 | |
| Irfan Ahmed | w-2 managing employee | 2024-06 | ||
| Patricia Huber | w-2 managing employee | 2024-06 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-06-20 | change of ownership | 50 St Lawrence Opco Llc | Voa Rehabilitation Centers Inc |
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 |