Sentara Leigh Hospital
Norfolk, Norfolk City County, VA
· CCN 490046
Licensed to Sentara Hospitals
Composite
37.1
rank score
Distress
23
FY2023
Fit
67
vs thesis
Estimated ticket
$27.4M–$54.8M
274 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- margin slipping
- rural — cheaper but limited density
- large — ticket likely stretches the envelope
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $597M |
| Operating margin | 18.1% |
| Total margin | 20.8% |
| Days cash on hand | 12 |
| Current ratio | 2.80 |
| Occupancy | 87% |
Facility
| Beds | 274 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 247 | $418M | $91.1M | 21.2% | 21.7% | 15 | 3.98 | 91% | 16,641 | 22 |
| 2021 | 274 | $490M | $132M | 18.3% | 24.7% | 21 | 94.79 | 94% | 17,183 | 22 |
| 2022 | 274 | $511M | $107M | 14.7% | 19.7% | 10 | 2.22 | 89% | 16,981 | 22 |
| 2023 | 274 | $597M | $129M | 18.1% | 20.8% | 12 | 2.80 | 87% | 17,235 | 23 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Sentara Health | 5% or greater direct ownership interest | 100 | 2013-11 | |
| Cathy Darden | w-2 managing employee | 2019-05 | ||
| Dennis Matheis | corporate officer | 2022-09 | ||
| Dennis Matheis | corporate director | 2022-09 | ||
| Joanne Inman | w-2 managing employee | 2016-07 | ||
| Melinda Hancock | corporate director | 2025-01 | ||
| Melinda Hancock | w-2 managing employee | 2025-01 | ||
| Michael Gentry | corporate officer | 2011-08 | ||
| Michael Gentry | corporate director | 2011-08 | ||
| Michael Gentry | w-2 managing employee | 2011-08 | ||
| Michelle Allen | w-2 managing employee | 2022-10 |
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 |