Augusta Medical Center
dba Augusta Health ·
Fishersville, Augusta County, VA
· CCN 490018
Licensed to Augusta Health Care Inc
Composite
32.6
rank score
Distress
20
FY2023
Fit
59
vs thesis
Estimated ticket
$19.3M–$38.6M
193 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- current ratio below 0.8
- occupancy 45-60%
- margin deteriorating
- 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 | $449M |
| Operating margin | 7.7% |
| Total margin | 22.5% |
| Days cash on hand | 517 |
| Current ratio | -3.03 |
| Occupancy | 54% |
Facility
| Beds | 193 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 192 | $327M | $100M | 8.1% | 25.0% | 17 | 4.55 | 50% | 9,115 | 24 |
| 2021 | 220 | $374M | $119M | 10.6% | 26.2% | 712 | -5.94 | 54% | 8,969 | 16 |
| 2022 | 223 | $401M | $-50.9M | 6.0% | -15.5% | 490 | -3.21 | 54% | 8,844 | 32 |
| 2023 | 193 | $449M | $120M | 7.7% | 22.5% | 517 | -3.03 | 54% | 9,384 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Crystal Farmer | corporate officer | 2023-08 | ||
| Crystal Farmer | w-2 managing employee | 2023-08 | ||
| Mary Mannix | corporate officer | 2008-03 | ||
| Mary Mannix | w-2 managing employee | 2008-03 | ||
| Scott Crabtree | corporate officer | 2010-08 | ||
| Scott Crabtree | w-2 managing employee | 2010-08 | ||
| William Meador | corporate officer | 2023-05 | ||
| William Meador | w-2 managing employee | 2023-05 |
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 |