Washington County Hospital
Chatom, Washington County, AL
· CCN 011300
Licensed to Washington County Healthcare Authority, Inc
Composite
20.8
rank score
Distress
15
FY2023
Fit
35
vs thesis
Estimated ticket
$1.3M–$2.5M
15 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin under 2%
- 90-150 days cash on hand
- occupancy 30-45%
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $18.6M |
| Operating margin | 1.9% |
| Total margin | 17.3% |
| Days cash on hand | 147 |
| Current ratio | 4.22 |
| Occupancy | 42% |
Facility
| Beds | 15 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 15 | $15.5M | $1.3M | 2.8% | 7.8% | 278 | 1.77 | 37% | 197 | 6 |
| 2021 | 15 | $17.1M | $2.8M | 3.8% | 14.4% | 226 | 1.87 | 35% | 259 | 6 |
| 2022 | 15 | $16.2M | $1.4M | -6.6% | 7.6% | 193 | 3.87 | 35% | 171 | 28 |
| 2023 | 15 | $18.6M | $3.8M | 1.9% | 17.3% | 147 | 4.22 | 42% | 189 | 15 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Arnold Schultz | corporate director | 2007-10 | ||
| Betsy Turner | corporate director | 2007-10 | ||
| Carl Thornton | corporate director | 2016-03 | ||
| Emory Mosley | corporate director | 2007-10 | ||
| Harold Crouch | corporate director | 2007-10 | ||
| Joanne Barnes | corporate director | 2021-01 | ||
| John Armstrong | corporate director | 2014-09 | ||
| Julia Smith | corporate director | 2015-08 | ||
| Mary Gibbs | corporate director | 2007-10 | ||
| Sylvia Williams | corporate director | 2007-10 | ||
| Teresa Grimes | corporate officer | 2016-06 | ||
| Teresa Grimes | w-2 managing employee | 2016-06 | ||
| Virginia Savage | corporate director | 2018-04 | ||
| Washington County Healthcare Authority, Inc | 5% or greater direct ownership interest | 2007-10 |
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 AL
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 |
|---|---|---|---|---|
| 2017-11-14 | Tanner Medical Center Alabama Inc | The Health Care Authority Of The... | Tanner Medical Center Alabama Inc. | 15 |