Bladen County Hospital
dba Cape Fear Valley-Bladen County Hospital ·
Elizabethtown, Bladen County, NC
· CCN 341315
Licensed to Bladen Healthcare Llc
Composite
30.4
rank score
Distress
23
FY2023
Fit
50
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- 60-90 days cash on hand
- current ratio below 0.8
- occupancy 45-60%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $40.9M |
| Operating margin | 7.0% |
| Total margin | 13.5% |
| Days cash on hand | 67 |
| Current ratio | 0.28 |
| Occupancy | 58% |
Facility
| Beds | 25 |
| 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 | 25 | $26.2M | $504K | -3.1% | 1.8% | 225 | 0.93 | 48% | 481 | 34 |
| 2021 | 25 | $34.9M | $10.3M | 7.3% | 24.2% | 216 | 1.55 | 66% | 559 | 0 |
| 2022 | 25 | $37.8M | $4.6M | 2.1% | 11.1% | 101 | 2.38 | 61% | 592 | 4 |
| 2023 | 25 | $40.9M | $6.0M | 7.0% | 13.5% | 67 | 0.28 | 58% | 687 | 23 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Cumberland County Hospital System Inc | 5% or greater direct ownership interest | 100 | 2008-06 | |
| Cumberland County Hospital System Inc | operational/managerial control | 100 | 2008-06 | |
| Afua Arhin | corporate director | 2023-09 | ||
| Bret Johnson | corporate officer | 2021-04 | ||
| Ernest Jones | corporate director | 2023-09 | ||
| Girum Feyissa | corporate director | 2022-06 | ||
| Glenn Adams | corporate director | 2020-04 | ||
| Henry Tyson | corporate director | 2024-12 | ||
| Jeannette Council | corporate director | 2008-06 | ||
| Joseph Fiser | corporate officer | 2020-04 | ||
| Joseph Fiser | w-2 managing employee | 2020-04 | ||
| Kelvin Farmer | corporate director | 2024-05 | ||
| Kirk Deviere | corporate director | 2024-12 | ||
| Michael Jones | corporate director | 2022-06 | ||
| Michael Nagowski | corporate director | 2008-06 | ||
| Moses Aboagye Kumi | corporate director | 2024-12 | ||
| Myron Strickland | corporate director | 2022-06 | ||
| Pamela Story | corporate director | 2022-12 | ||
| Pavi Patel | corporate director | 2024-12 | ||
| Ryan Aul | corporate director | 2022-06 | ||
| Samuel Fleishman | corporate director | 2021-04 | ||
| Sanjay Shah | corporate director | 2020-04 | ||
| Shannon Matthews | corporate director | 2022-12 | ||
| Terrill Brown | corporate director | 2023-09 | ||
| Veronica Jones | corporate director | 2022-12 |
Showing 25 of 26. Full list via /api/targets/341315.
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 |
|---|---|---|---|---|
| 2024-10-01 | Fletcher Hospital Inc | St. Luke's Hospital Inc | St Lukes Hospital | 25 |
| 2020-10-01 | Centennial Housing & Community... | Cah Acquisition Company 1 Llc | Cah #1 - Washington | 25 |
| 2019-02-01 | Mh Angel Medical Center, Lllp | Angel Medical Center Inc | Mh Angel Medical Center Lllp | 30 |
| 2019-02-01 | Mh Transylvania Regional Hospital, Lllp | Transylvania Community Hospital Inc | Transylvania Community Hospital | 25 |
| 2019-02-01 | Mh Blue Ridge Medical Center, Lllp | Blue Ridge Regional Hospital, Inc. | Blue Ridge Regional Hospital | 25 |
| 2019-02-01 | Mh Highlands-Cashiers Medical Center, Lllp | Highlands-Cashiers Hospital Inc | Highlands Cashiers Hospital | 24 |
| 2017-01-31 | Lifebrite Hospital Group Of Stokes Llc | Pioneer Health Services Of Stokes... | Lifebrite Comm Hosp Of Stokes | 25 |