Mary Washington Hospital
dba Mary Washington Healthcare ·
Fredericksburg, Spotsylvania County, VA
· CCN 490022
Licensed to Mary Washington Hospital Inc
Composite
12.4
rank score
Distress
20
FY2023
Fit
55
vs thesis
Estimated ticket
$207M–$828M
414 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- 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 | $607M |
| Operating margin | 2.9% |
| Total margin | 7.5% |
| Days cash on hand | 0 |
| Current ratio | 5.36 |
| Occupancy | 71% |
Facility
| Beds | 414 |
| 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 | 431 | $476M | $31.1M | 2.3% | 6.3% | 0 | 1.46 | 68% | 19,355 | 26 |
| 2021 | 431 | $537M | $25.7M | 1.7% | 4.6% | 0 | 1.91 | 72% | 20,229 | 29 |
| 2022 | 440 | $552M | $24.8M | 1.7% | 4.4% | 0 | 3.21 | 66% | 20,118 | 29 |
| 2023 | 414 | $607M | $47.9M | 2.9% | 7.5% | 0 | 5.36 | 71% | 21,041 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Agostino Visioni | corporate director | 2025-01 | ||
| Alan Edwards | w-2 managing employee | 2015-01 | ||
| Alda White | corporate director | 2025-01 | ||
| Bruce Davis | corporate director | 2015-01 | ||
| Catherine Wack | corporate director | 2019-01 | ||
| Chetan Pai | corporate director | 2023-01 | ||
| Christopher Lewis | corporate officer | 2025-05 | ||
| Christopher Lewis | w-2 managing employee | 2025-05 | ||
| Christopher Newman | corporate officer | 2019-07 | ||
| Dermaine Lewis | corporate director | 2019-01 | ||
| Howard Owen | corporate director | 2023-01 | ||
| Kimberly Young | corporate director | 2023-01 | ||
| Lauren Blalock | corporate officer | 2015-01 | ||
| Lauren Blalock | w-2 managing employee | 2015-01 | ||
| Margaret Hardy | corporate director | 2020-01 | ||
| Martin Wilder | corporate director | 2025-01 | ||
| Medicorp Health System | 5% or greater direct ownership interest | 2010-01 | ||
| Medicorp Health System | operational/managerial control | 2010-01 | ||
| Nicholas Cadwallender | corporate director | 2024-01 | ||
| Reggie Pearson | corporate director | 2025-01 | ||
| Reggie Pearson | w-2 managing employee | 2025-01 | ||
| Sandra Brown | w-2 managing employee | 2015-01 | ||
| Sarah Ogle | corporate officer | 2020-05 | ||
| Summer Hughes | corporate director | 2024-12 | ||
| Thomas Mathews | corporate officer | 2025-07 |
Showing 25 of 27. Full list via /api/targets/490022.
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 |