Assurance Health Cincinnati
Cincinnati, Hamilton County, OH
· CCN 364056
Licensed to Assurance Health Cincinnati Llc
Composite
51.9
rank score
Distress
42
FY2023
Fit
82
vs thesis
Estimated ticket
$7.7M–$30.8M
28 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- 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 · FY2023
| Net patient revenue | $7.2M |
| Operating margin | 2.7% |
| Total margin | 2.7% |
| Days cash on hand | 0 |
| Current ratio | 0.24 |
| Occupancy | 75% |
Facility
| Beds | 28 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 42 | $7.8M | $-315K | -22.4% | -3.4% | 7 | 0.23 | 61% | 569 | 87 |
| 2021 | 42 | $7.2M | $1.1M | 8.0% | 14.1% | 0 | -0.57 | 45% | 479 | 41 |
| 2022 | 28 | $6.7M | $-1.1M | -16.2% | -16.2% | 1 | -0.35 | 70% | 499 | 80 |
| 2023 | 28 | $7.2M | $195K | 2.7% | 2.7% | 0 | 0.24 | 75% | 524 | 42 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Assurance Health System Llc | 5% or greater direct ownership interest | 100 | 2015-05 | |
| Kyle Small | contracted managing employee | 2016-02 | ||
| Kyle Small | corporate officer | 2016-02 | ||
| Kyle Small | operational/managerial control | 2016-02 | ||
| Morris Long | contracted managing employee | 2016-02 | ||
| Morris Long | corporate officer | 2016-02 | ||
| Morris Long | operational/managerial control | 2016-02 | ||
| Tamara Moore | w-2 managing employee | 2016-02 |
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 |