Fauquier Hospital
dba Fauquier Health ·
Warrenton, Fauquier County, VA
· CCN 490023
Licensed to Fauquier Medical Center Llc
Composite
60.9
rank score
Distress
74
FY2023
Fit
69
vs thesis
Estimated ticket
$34.0M–$136M
97 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $114M |
| Operating margin | -11.9% |
| Total margin | -6.9% |
| Days cash on hand | 0 |
| Current ratio | 2.37 |
| Occupancy | 23% |
Facility
| Beds | 97 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 97 | $131M | $2.9M | -3.9% | 2.1% | 0 | 1.03 | 34% | 2,911 | 47 |
| 2021 | 97 | $138M | $10.6M | 3.6% | 7.4% | 0 | 2.52 | 35% | 2,770 | 28 |
| 2022 | 97 | $117M | $-6.0M | -9.7% | -4.9% | 0 | 3.26 | 29% | 2,558 | 66 |
| 2023 | 97 | $114M | $-8.2M | -11.9% | -6.9% | 0 | 2.37 | 23% | 2,193 | 74 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Dsb Acquisition Llc | 5% or greater indirect ownership interest | 100 | 2018-11 | |
| Fauquier Holding Company Llc | 5% or greater direct ownership interest | 100 | 2013-06 | |
| Fauquier Partner Llc | 5% or greater indirect ownership interest | 100 | 2018-05 | |
| Historic Lifepoint Hospitals, Llc | 5% or greater indirect ownership interest | 100 | 2018-05 | |
| Legacy Lifepoint Health Llc | 5% or greater indirect ownership interest | 100 | 2018-05 | |
| Lifepoint Health Inc | 5% or greater indirect ownership interest | 100 | 2018-11 | |
| Lifepoint Holdings 2 Llc | 5% or greater indirect ownership interest | 100 | 2018-05 | |
| Lifepoint Hospitals Holdings Llc | 5% or greater indirect ownership interest | 100 | 2018-05 | |
| Charlotte Lawrence | corporate officer | 2022-01 | ||
| Christopher Monte | corporate officer | 2013-11 | ||
| Daniel Davis | corporate officer | 2022-09 | ||
| Elliott Brown | corporate officer | 2026-04 | ||
| Lifepoint Corporate Services General Partnership | operational/managerial control | 2019-01 | ||
| Marcus Poppell | corporate officer | 2013-11 | ||
| Rebecca Segal | w-2 managing employee | 2022-09 | ||
| William Haugh | corporate officer | 2022-09 |
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 |