dealflow
envelope $200M

← Targets

Roy L Schneider Hospital

dba Schneider Regional Medical Center · St. Thomas, VI · CCN 480001
Licensed to Vi Government Hospital And Health Facilities Corp

Composite
63.6
rank score
Distress
97
FY2023
Fit
50
vs thesis
Estimated ticket
$10.4M–$20.9M
149 beds · within envelope
Ownership
nonprofit
STH

Why it ranks here

  • operating margin below -10%
  • total margin below -8%
  • under 30 days cash on hand
  • current ratio below 0.8
  • liabilities exceed assets
  • occupancy 30-45%
  • margin deteriorating sharply
  • rural — cheaper but limited density
  • bed count in the target band
  • very small ticket — sub-scale as a platform asset
  • thin occupancy
  • nonprofit — expect AG conversion review

Latest financials · FY2023

Net patient revenue$73.8M
Operating margin -64.3%
Total margin -10.0%
Days cash on hand 24
Current ratio 0.43
Occupancy42%

Facility

Beds149
Facility typeSTH
Settingrural
Ownership classnonprofit
Per-bed (low) $70.0K
Per-bed (high) $140K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 107 $61.0M $2.4M -45.9% 2.3% 57 0.63 44% 3,009 74
2021 149 $48.7M $4.2M -86.7% 4.5% 16 0.56 34% 2,878 80
2022 149 $80.3M $-8.8M -66.3% -7.1% 18 0.50 32% 2,448 92
2023 149 $73.8M $-11.0M -64.3% -10.0% 24 0.43 42% 2,801 97

Owners

OwnerRole%SinceType
Neilsa Turnbull w-2 managing employee 2020-01
Tina Comissiong corporate officer 2021-12

Ownership changes

No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.