Inova Alexandria Hospital
Alexandria, Fairfax County, VA
· CCN 490040
Licensed to Inova Health Care Services
Composite
35.0
rank score
Distress
20
FY2023
Fit
65
vs thesis
Estimated ticket
$152M–$606M
303 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size well above the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $507M |
| Operating margin | 32.9% |
| Total margin | 33.1% |
| Days cash on hand | 0 |
| Current ratio | 1.98 |
| Occupancy | 63% |
Facility
| Beds | 303 |
| 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 | 318 | $395M | $89.2M | 15.9% | 21.2% | 0 | 35.05 | 57% | 13,279 | 24 |
| 2021 | 318 | $446M | $64.4M | 14.1% | 14.4% | 0 | 3.47 | 57% | 12,803 | 24 |
| 2022 | 303 | $457M | $121M | 26.3% | 26.5% | 0 | 2.25 | 61% | 13,271 | 22 |
| 2023 | 303 | $507M | $168M | 32.9% | 33.1% | 0 | 1.98 | 63% | 14,000 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bruce Caswell | corporate director | 2025-01 | ||
| Christopher Smith | corporate officer | 2022-01 | ||
| Christopher Smith | w-2 managing employee | 2019-07 | ||
| Craig Albert | corporate director | 2025-01 | ||
| Eliot Fredd | w-2 managing employee | 2024-11 | ||
| Filiz Greenberg | w-2 managing employee | 2025-01 | ||
| Inova Health Systems Foundation | operational/managerial control | 1978-05 | ||
| Jace Jones | corporate officer | 2018-04 | ||
| Jean Stack | corporate director | 2023-01 | ||
| Jeffrey Mckay | corporate director | 2025-01 | ||
| Jill Duncan | corporate director | 2022-01 | ||
| John Gaul | corporate officer | 2010-01 | ||
| Kathryn Falk | corporate director | 2022-01 | ||
| Lesley Kalan | corporate director | 2022-01 | ||
| Madeline Erario | corporate director | 2022-01 | ||
| Maureen Sintich | w-2 managing employee | 2019-07 | ||
| Nazzic Keene | corporate director | 2022-01 | ||
| Olin Mcclain | w-2 managing employee | 2018-11 | ||
| Paul Misener | corporate director | 2025-01 | ||
| Renee Desilva | corporate director | 2022-01 | ||
| Ricardo Talento | corporate officer | 2024-11 | ||
| Terri Mcclements | corporate director | 2025-01 | ||
| Timothy Gillis | corporate director | 2025-01 | ||
| Toni Ardabell | w-2 managing employee | 2019-07 | ||
| Tracy Bish | w-2 managing employee | 2006-01 |
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 |