Assurance Health Toledo
Sylvania, Lucas County, OH
· CCN 364066
Licensed to Assurance Health Toledo Llc
Composite
65.5
rank score
Distress
82
FY2023
Fit
72
vs thesis
Estimated ticket
$4.4M–$17.7M
23 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- 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
- very small facility
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $5.4M |
| Operating margin | -12.7% |
| Total margin | -12.7% |
| Days cash on hand | 0 |
| Current ratio | 0.21 |
| Occupancy | 71% |
Facility
| Beds | 23 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $192K |
| Per-bed (high) | $770K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 23 | $3.0M | $-2.1M | -70.4% | -70.4% | 0 | 0.14 | 48% | 225 | 93 |
| 2023 | 23 | $5.4M | $-683K | -12.7% | -12.7% | 0 | 0.21 | 71% | 399 | 82 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Assurance Health System Llc | operational/managerial control | 100 | 2017-05 | |
| Assurance Health Toledo Llc | 5% or greater mortgage interest | 100 | 2017-05 | |
| Kyle Small | corporate officer | 100 | 2017-05 | |
| Assurance Health System Llc | 5% or greater direct ownership interest | 80 | 2017-05 | |
| Tamara Moore | corporate director | 25 | 2020-09 | |
| Tamara Moore | w-2 managing employee | 25 | 2020-09 | |
| Assurance Health Toledo Llc | 5% or greater direct ownership interest | 20 | 2017-05 |
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 |