Ashe Memorial Hospital
Jefferson, Ashe County, NC
· CCN 341325
Licensed to Ashe Memorial Hospital Inc
Composite
34.5
rank score
Distress
34
FY2023
Fit
48
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- 30-60 days cash on hand
- occupancy 30-45%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $47.6M |
| Operating margin | -2.6% |
| Total margin | 5.3% |
| Days cash on hand | 46 |
| Current ratio | 4.32 |
| Occupancy | 35% |
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 | $29.8M | $218K | -6.8% | 0.7% | 143 | 4.41 | 47% | 1,126 | 32 |
| 2021 | 25 | $34.8M | $4.0M | 0.4% | 10.5% | 116 | 3.12 | 45% | 1,058 | 13 |
| 2022 | 25 | $41.6M | $655K | -10.2% | 1.4% | 59 | 3.82 | 42% | 1,043 | 53 |
| 2023 | 25 | $47.6M | $2.7M | -2.6% | 5.3% | 46 | 4.32 | 35% | 844 | 34 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Charles Jones | corporate officer | 5 | 2022-01 | |
| Charles Jones | corporate officer | 5 | 2008-11 | |
| Charles Wright | corporate officer | 5 | 2015-01 | |
| Donda Toney | corporate director | 5 | 2021-06 | |
| Donda Toney | w-2 managing employee | 5 | 2021-06 | |
| Edward Miller | corporate officer | 5 | 1996-11 | |
| Horace Thompson | corporate officer | 5 | 2022-01 | |
| Karen Powell | corporate officer | 5 | 2022-01 | |
| Martin Little | corporate officer | 5 | 2022-01 | |
| Stephen Shoemaker | corporate officer | 5 | 2007-11 | |
| Walter Davis | corporate officer | 5 | 2022-01 | |
| William Vannoy | corporate officer | 5 | 2022-01 | |
| Eisa Cox | corporate officer | 2022-01 | ||
| Greg Bower | corporate officer | 2012-03 | ||
| Jane Lonon | corporate officer | 2022-01 | ||
| Joey Thore | corporate officer | 1999-11 | ||
| Shana Anderson | w-2 managing employee | 1994-07 | ||
| Sue Hampton | corporate officer | 2019-11 |
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 |