East Carolina Health - Chowan Inc
dba Ecu Health Chowan Hospital ·
Edenton, Chowan County, NC
· CCN 341318
Licensed to East Carolina Health - Chowan Inc
Composite
31.4
rank score
Distress
20
FY2023
Fit
56
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- rural — cheaper but limited density
- small but workable bed count
- 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 | $74.9M |
| Operating margin | 20.7% |
| Total margin | 22.1% |
| Days cash on hand | 21 |
| Current ratio | 2.41 |
| Occupancy | 72% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 | $56.7M | $7.8M | 17.8% | 13.1% | 23 | 1.48 | 60% | 1,460 | 28 |
| 2021 | 25 | $64.5M | $13.5M | 21.8% | 19.5% | 97 | 2.85 | 66% | 1,469 | 4 |
| 2022 | 25 | $61.5M | $7.3M | 10.4% | 11.7% | 21 | 1.75 | 68% | 1,408 | 22 |
| 2023 | 25 | $74.9M | $16.8M | 20.7% | 22.1% | 21 | 2.41 | 72% | 1,483 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andrew Zukowski | corporate officer | 2022-12 | ||
| Angela Allen | corporate director | 2024-03 | ||
| Brian Harvill | corporate officer | 2018-06 | ||
| Brian Harvill | operational/managerial control | 2018-06 | ||
| Diane Taylor | corporate director | 2020-03 | ||
| Donald Smith | corporate officer | 2024-02 | ||
| East Carolina Health | other | 2007-11 | ||
| Ernest Evans | corporate director | 2021-03 | ||
| James H. Pierce | corporate director | 2022-09 | ||
| Jimmy F Garris | corporate director | 2020-03 | ||
| Marcus Albernaz | corporate director | 2012-04 | ||
| Michael Waldrum | corporate director | 2015-06 | ||
| Michelle Taylor | corporate officer | 2021-10 | ||
| Todd Warlitner | corporate officer | 2018-03 | ||
| University Health Systems Of Eastern Carolina, Inc. | other | 2007-11 |
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 |