Sentara Albemarle Regl Med Ctr Llc
Elizabeth City, Pasquotank County, NC
· CCN 340109
Licensed to Sentara Albemarle Regional Medical Center
Composite
37.5
rank score
Distress
29
FY2023
Fit
61
vs thesis
Estimated ticket
$9.8M–$19.6M
98 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin under 2%
- under 30 days cash on hand
- current ratio under 1.5
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $166M |
| Operating margin | 0.6% |
| Total margin | 2.6% |
| Days cash on hand | 29 |
| Current ratio | 1.04 |
| Occupancy | 62% |
Facility
| Beds | 98 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 98 | $116M | $-8.5M | -18.1% | -6.6% | 21 | 0.57 | 48% | 4,417 | 89 |
| 2021 | 98 | $144M | $6.1M | 8.9% | 4.4% | 25 | 1.00 | 57% | 4,562 | 36 |
| 2022 | 98 | $140M | $1.4M | -1.3% | 1.0% | 27 | 0.93 | 58% | 4,412 | 57 |
| 2023 | 98 | $166M | $4.3M | 0.6% | 2.6% | 29 | 1.04 | 62% | 4,670 | 29 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Sentara Hospitals | operational/managerial control | 100 | 2014-03 | |
| Amanda Shepherd | w-2 managing employee | 2013-02 | ||
| Cathy Darden | w-2 managing employee | 2019-05 | ||
| Dennis Matheis | corporate director | 2022-09 | ||
| Dennis Matheis | w-2 managing employee | 2022-09 | ||
| Eric Conley | corporate officer | 2024-04 | ||
| Eric Conley | corporate director | 2024-04 | ||
| Melinda Hancock | corporate director | 2025-01 | ||
| Melinda Hancock | w-2 managing employee | 2025-01 | ||
| Michelle Allen | w-2 managing employee | 2022-10 |
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 NC
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 |
|---|---|---|---|---|
| 2026-02-01 | Atrium Health Hospitals Inc | The Charlotte-Mecklenburg Hospital... | Atrium Health Lincoln | 101 |
| 2026-02-01 | Atrium Health Hospitals Inc | The Charlotte-Mecklenburg Hospital... | Atrium Health Cleveland | 308 |
| 2025-07-01 | Atrium Health Hospitals Inc | The Charlotte-Mecklenburg Hospital... | Atrium Health Stanly | 97 |
| 2025-07-01 | Atrium Health Hospitals Inc | The Charlotte-Mecklenburg Hospital... | Atrium Health Anson | 15 |
| 2025-04-01 | Duke Health Lake Norman Regional... | Mooresville Hospital Management... | Lake Norman Regional Medical Center | 123 |
| 2024-03-02 | North Carolina Baptist Hospital | Davie Medical Center | North Carolina Baptist Hospital | 813 |
| 2021-10-01 | Pitt County Memorial Hospital Inc | East Carolina Health-Beaufort Inc | Pitt County Memorial Hospital Inc | 1,013 |
| 2021-10-01 | American Healthcare Systems Llc | Randolph Hospital, Inc. | American Healthcare Systems | 145 |
| 2021-02-01 | Novant Health New Hanover Regional... | New Hanover Regional Medical Center | New Hanover Regional Medical Center | 771 |
| 2019-02-01 | Mh Mission Hospital, Lllp | Mission Hospitals Inc. | Mission Hospital Inc | 717 |
| 2019-02-01 | Mh Mission Hospital Mcdowell, Lllp | The Mcdowell Hospital Inc | The Mcdowell Hospital | 33 |
| 2019-01-01 | The Charlotte-Mecklenburg Hospital... | Mercy Hospital Inc | Atrium Health Pineville | 352 |
| 2018-01-01 | Unc Rockingham Health Care Inc | Morehead Memorial Hospital | Unc Rockingham Hospital | 108 |