dealflow
envelope $200M

← Targets

Inova Loudoun Hospital Center

dba Inova Loudoun Hospital · Leesburg, Loudoun County, VA · CCN 490043
Licensed to Inova Health Care Services

Composite
37.4
rank score
Distress
20
FY2023
Fit
71
vs thesis
Estimated ticket
$94.5M–$378M
189 beds · within envelope
Ownership
nonprofit
STH

Why it ranks here

  • under 30 days cash on hand
  • urban — higher occupancy and iteration surface
  • bed count in the target band
  • ticket size at the top of the envelope — would need leverage
  • strong occupancy — good iteration surface
  • nonprofit — expect AG conversion review

Latest financials · FY2023

Net patient revenue$531M
Operating margin 32.5%
Total margin 35.3%
Days cash on hand 0
Current ratio 1.56
Occupancy86%

Facility

Beds189
Facility typeSTH
Settingurban
Ownership classnonprofit
Per-bed (low) $500K
Per-bed (high) $2.0M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 153 $381M $57.8M 4.8% 13.7% 30 7.83 92% 11,883 22
2021 189 $467M $75.5M 9.4% 15.1% 0 1.99 86% 13,803 22
2022 189 $510M $124M 22.9% 24.0% 0 1.62 87% 13,539 22
2023 189 $531M $195M 32.5% 35.3% 0 1.56 86% 13,616 20

Owners

OwnerRole%SinceType
Inova Health Systems Foundation
Fairfax, VA
5% or greater direct ownership interest 100 2020-01
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
Jace Jones corporate officer 2018-04
Jean Stack corporate director 2023-01
Jeffrey Mckay corporate director 2025-01
Jill Duncan corporate director 2021-01
John Gaul corporate director 2012-01
Kathryn Falk corporate director 2022-01
Lesley Kalan corporate director 2022-01
Madeline Erario corporate director 2021-01
Maureen Sintich w-2 managing employee 2019-07
Nazzic Keene corporate director 2021-01
Olin Mcclain w-2 managing employee 2018-11
Paul Misener corporate director 2025-01
Renee Desilva corporate director 2021-01
Ricardo Talento corporate officer 2024-05
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

DateTypeBuyerSeller
2020-01-01 change of ownership Inova Health Care Services Loudoun Hospital Center

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.

DateBuyerSellerHospitalBeds
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