Carilion Medical Center
dba Carilion Roanoke Memorial Hospital ·
Roanoke, Roanoke City County, VA
· CCN 490024
Licensed to Carilion Medical Center
Composite
17.4
rank score
Distress
48
FY2023
Fit
55
vs thesis
Estimated ticket
$317M–$1.3B
634 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- under 30 days cash on hand
- current ratio under 1.5
- 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 | $1.5B |
| Operating margin | -11.5% |
| Total margin | 5.6% |
| Days cash on hand | 1 |
| Current ratio | 1.06 |
| Occupancy | 74% |
Facility
| Beds | 634 |
| 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 | 637 | $1.2B | $72.7M | -4.4% | 5.3% | 4 | 0.73 | 70% | 29,477 | 51 |
| 2021 | 637 | $1.4B | $329M | -4.8% | 18.1% | 1 | 0.85 | 73% | 25,046 | 47 |
| 2022 | 637 | $1.5B | $-185M | -11.3% | -12.8% | 1 | 1.12 | 75% | 33,230 | 70 |
| 2023 | 634 | $1.5B | $100.0M | -11.5% | 5.6% | 1 | 1.06 | 74% | 29,288 | 48 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Abney Boxley | corporate director | 2022-12 | ||
| Allen Williams | corporate director | 2013-01 | ||
| Carilion Clinic | 5% or greater direct ownership interest | 2010-11 | ||
| Danielle Yarber | corporate director | 2022-12 | ||
| Donald Halliwill | corporate officer | 2013-01 | ||
| Elizabeth Mcclanahan | corporate director | 2022-12 | ||
| Garry Norris | corporate director | 2022-12 | ||
| George Vaughan | corporate director | 2022-12 | ||
| J Boone | corporate director | 2022-12 | ||
| James Hartley | corporate director | 2022-12 | ||
| James Thompson | corporate director | 2022-12 | ||
| James Williams | corporate director | 2022-12 | ||
| Jason Bingman | corporate director | 2021-10 | ||
| Jeri Lantz | corporate director | 2022-12 | ||
| John Bond | corporate director | 2022-12 | ||
| Joseph Scartelli | corporate director | 2022-12 | ||
| Joseph Sheffey | corporate director | 2022-12 | ||
| Kimberly Reynolds | w-2 managing employee | 2023-05 | ||
| Mark Pace | corporate director | 2022-12 | ||
| Nancy Agee | corporate director | 2022-12 | ||
| Neil Wilkin | corporate director | 2022-12 | ||
| Nicole Grisetti | corporate director | 2022-11 | ||
| Terry Austin | corporate director | 2022-12 | ||
| William Kingery | corporate director | 2022-12 |
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 |