CHERISH HOSPICE LLC

SPRINGFIELD, OHCCN: 361720
YELLOW
CON State

Overall

56.3

Quality

33.3

Compliance

42.5

Operational

70.0

Market

85.0

Contact Information

Address

1929 E HIGH ST

SPRINGFIELD, OH 45505

Website

No website on file

Administrator

SIMCHA ENGEL, PRESIDENT, TREASURER

Financial & Registry Data

Cost Report (2024)
Revenue$3.7M
Expenses$2.3M
Net Income$1.41M
Cost/Day$233

Provider Details

CountyClark
Ownership TypeFor-Profit
ADC13
ADC Fittarget
Service Area (ZIPs)36
Market TypeUrban
CertifiedMar 25, 2022
County Demographics
65+ Population28,835
% 65+21.2%
Median Income$58,954

Ownership Profile

Complexitymoderate
Owner Count8
PE/Investment BackedNo
Chain AffiliatedNo
Recent Ownership ChangeNo

Classification Reasons

Positive: ADC (13) within target range
Positive: CON state provides regulatory moat
Concern: Quality needs review (score: 33)
Concern: Compliance risk moderate (score: 42)

Outreach Status

Readiness

Monitor - Complete diligence first

Deal Type

Tuck-in candidate

Sell-Side Hypothesis

Small census may strain profitability, owner may seek scale partner

Rating Sensitivity

Upgrade Triggers

Quality improvement above 70 threshold; Compliance metrics improvement

Downgrade Triggers

CMS enforcement action

Owner Carry-Back Analysis

80/100
HIGH
Independent Ownership+30

Not backed by private equity - more likely to consider creative financing

Standalone Operation+20

Not part of larger chain - owner has full decision authority

Multiple Owners+5

Multiple stakeholders may complicate carry-back terms

Small Operation+10

Smaller ADC - owner may need carry-back for viable purchase price

Stable Ownership+10

Long-term owner more likely to have emotional investment and consider flexible terms

For-Profit+5

For-profit structure - owner seeks return, more receptive to deal structures

Prime Owner Carry-Back Candidate

This provider shows strong indicators for owner financing. Single/simple ownership structure, no PE involvement, and ideal operational size suggest the owner may be receptive to a seller note arrangement. Consider approaching with a 10-20% carry-back proposal.

Data Quality & Completeness

Completeness Score

85%

Data Quality

HIGH

Confidence

High (0.90)

Missing Fields

quality_stars
Data Source: CMS Provider Data Catalog Nov 2025, PECOS Q1 2026 • Analysis Date: Jan 26, 2026