Warren Memorial Hospital
dba N/a ·
Front Royal, Warren County, VA
· CCN 490033
Licensed to Warren Memorial Hospital, Inc.
Composite
34.7
rank score
Distress
14
FY2023
Fit
71
vs thesis
Estimated ticket
$18.0M–$72.0M
36 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- current ratio below 0.8
- occupancy 45-60%
- urban — higher occupancy and iteration surface
- small but workable bed count
- ticket size somewhat below the envelope
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $107M |
| Operating margin | 4.0% |
| Total margin | 4.9% |
| Days cash on hand | 154 |
| Current ratio | -5.90 |
| Occupancy | 49% |
Facility
| Beds | 36 |
| 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 | 46 | $76.5M | $3.1M | -8.1% | 3.6% | 176 | 2.26 | 28% | 1,561 | 31 |
| 2021 | 46 | $88.2M | $-5.1M | -11.1% | -5.5% | 172 | 3.57 | 34% | 1,631 | 46 |
| 2022 | 46 | $97.7M | $8.0M | -6.4% | 6.9% | 145 | 7.51 | 39% | 1,968 | 32 |
| 2023 | 36 | $107M | $5.3M | 4.0% | 4.9% | 154 | -5.90 | 49% | 2,123 | 14 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Barbara Walter | corporate officer | 2011-06 | ||
| Bridget Madden | corporate officer | 2010-06 | ||
| David Blount | corporate officer | 2004-06 | ||
| David Blount | corporate director | 2012-06 | ||
| Guna Subedi | corporate officer | 2011-06 | ||
| Henry Hobgood | corporate officer | 2001-06 | ||
| Jennifer Barron | corporate director | 2011-06 | ||
| Jill Chambers | operational/managerial control | 2017-09 | ||
| John Lesinski | corporate officer | 2011-06 | ||
| Judith Wordsworth | corporate officer | 2012-06 | ||
| Mark Pierce | corporate officer | 2008-06 | ||
| Mark Pierce | corporate director | 2012-06 | ||
| Marvin Way | corporate officer | 2009-06 | ||
| Mike Williams | corporate officer | 2012-06 | ||
| Pamela Mcinnis | corporate officer | 2011-06 | ||
| Patrick Nolan | corporate officer | 2004-04 | ||
| Patrick Nolan | w-2 managing employee | 2004-04 | ||
| Raymond Grimm | corporate officer | 2008-06 | ||
| Raymond Grimm | corporate director | 2008-06 | ||
| Renee Baker | corporate director | 2015-07 | ||
| Tammy Gasper | corporate officer | 2018-02 | ||
| Thomas Ball | corporate officer | 2012-06 | ||
| Valley Health System | 5% or greater direct ownership interest | 1993-07 | ||
| William Major | corporate officer | 2003-06 | ||
| William Major | corporate director | 2003-06 |
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 |