Sentara Rmh Medical Center
dba Rmh Healthcare ·
Harrisonburg, Rockingham County, VA
· CCN 490004
Licensed to Sentara Rmh Medical Center
Composite
57.9
rank score
Distress
72
FY2023
Fit
59
vs thesis
Estimated ticket
$16.7M–$33.3M
238 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- occupancy 45-60%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $424M |
| Operating margin | -25.6% |
| Total margin | -24.1% |
| Days cash on hand | 10 |
| Current ratio | 2.95 |
| Occupancy | 51% |
Facility
| Beds | 238 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 238 | $448M | $34.1M | 1.6% | 7.1% | 10 | 3.74 | 57% | 11,561 | 31 |
| 2021 | 238 | $458M | $27.1M | 2.7% | 5.7% | 11 | 3.18 | 60% | 11,332 | 22 |
| 2022 | 238 | $408M | $-87.1M | -22.8% | -21.0% | 12 | 1.76 | 56% | 11,281 | 69 |
| 2023 | 238 | $424M | $-103M | -25.6% | -24.1% | 10 | 2.95 | 51% | 10,965 | 72 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Sentara Blue Ridge, Llc | 5% or greater direct ownership interest | 100 | 2016-07 | |
| Sentara Health | 5% or greater direct ownership interest | 100 | 2023-01 | chain |
| Amanda Shepherd | w-2 managing employee | 2013-02 | ||
| Cathy Darden | w-2 managing employee | 2019-05 | ||
| Dennis Matheis | corporate officer | 2022-09 | ||
| 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 | ||
| Eric Conley | w-2 managing employee | 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 VA
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 |
|---|---|---|---|---|
| 2021-04-01 | Maryview Hospital Llc | Bon Secours Depaul Medical Center Llc | Maryview Hospital Llc | 176 |
| 2020-01-01 | Bon Secours Mercy Health Franklin Llc | Franklin Hospital Corporation | Southampton Memorial Hospital | 90 |
| 2020-01-01 | Bon Secours Mercy Health Emporia Llc | Emporia Hospital Corporation | Southern Virginia Regional Med. Ctr. | 70 |
| 2020-01-01 | Bon Secours Mercy Health Petersburg Llc | Petersburg Hospital Company Llc | Bon Secours Southside Medical Center | 300 |
| 2020-01-01 | Inova Health Care Services | Loudoun Hospital Center | Inova Loudoun Hospital Center | 189 |
| 2017-10-01 | Danville Regional Medical Center Llc | Phc-Martinsville Inc | Danville Regional Medical Center | 205 |