Centra Health
dba Va Baptist Lynchburg General Hospital ·
Lynchburg, Lynchburg City County, VA
· CCN 490021
Licensed to Centra Health, Inc
Composite
14.2
rank score
Distress
30
FY2023
Fit
55
vs thesis
Estimated ticket
$226M–$904M
452 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $928M |
| Operating margin | 11.2% |
| Total margin | 17.7% |
| Days cash on hand | 0 |
| Current ratio | 3.64 |
| Occupancy | 72% |
Facility
| Beds | 452 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 432 | $837M | $286M | 24.3% | 28.3% | 52 | 1.15 | 77% | 22,728 | 24 |
| 2021 | 452 | $895M | $78.0M | 22.2% | 10.1% | 2 | 1.19 | 80% | 23,646 | 26 |
| 2022 | 452 | — | $-826M | — | — | — | — | 76% | 24,338 | — |
| 2023 | 452 | $928M | $177M | 11.2% | 17.7% | 0 | 3.64 | 72% | 22,842 | 30 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Amy Gallagher | corporate director | 2024-01 | ||
| Bonnie Svrcek | corporate director | 2022-01 | ||
| Cameron Patterson | corporate director | 2025-01 | ||
| Clinton Beverly | corporate director | 2022-01 | ||
| Cynthia Gunnoe | corporate director | 2023-01 | ||
| Gary Mignogna | corporate director | 2022-01 | ||
| Geeta Rakheram | corporate director | 2022-01 | ||
| Gloria Witt | corporate director | 2023-01 | ||
| John Fees | corporate director | 2023-01 | ||
| Kemper Beasley | corporate director | 2022-01 | ||
| Pamela Bradford | corporate director | 2025-01 | ||
| Peter Caprise | corporate director | 2018-10 | ||
| Richard Tugman | corporate officer | 2025-01 | ||
| Robert Tonkinson | corporate officer | 2025-01 | ||
| Rosana Chaidez | corporate director | 2026-01 | ||
| Thomas Nygaard | corporate officer | 2022-01 | ||
| Timothy Fritz | w-2 managing employee | 2019-04 | ||
| Todd Irby | corporate director | 2018-01 |
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 |