Sentara Va. Beach General Hospital
dba Sentara Virginia Beach General Hospital ·
Virginia Beach, Virginia Beach City County, VA
· CCN 490057
Licensed to Sentara Hospitals
Composite
35.1
rank score
Distress
23
FY2023
Fit
62
vs thesis
Estimated ticket
$23.9M–$47.8M
239 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- margin slipping
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $478M |
| Operating margin | 12.1% |
| Total margin | 15.6% |
| Days cash on hand | 11 |
| Current ratio | 2.82 |
| Occupancy | 85% |
Facility
| Beds | 239 |
| 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 | 239 | $337M | $54.2M | 13.3% | 15.7% | 12 | 1.88 | 74% | 11,944 | 22 |
| 2021 | 239 | $407M | $122M | 18.9% | 26.9% | 24 | 0.55 | 83% | 12,233 | 40 |
| 2022 | 239 | $444M | $94.7M | 15.2% | 20.1% | 10 | 2.41 | 81% | 11,325 | 22 |
| 2023 | 239 | $478M | $77.4M | 12.1% | 15.6% | 11 | 2.82 | 85% | 12,547 | 23 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Sentara Health | 5% or greater direct ownership interest | 100 | 2023-01 | |
| Amanda Shepherd | w-2 managing employee | 2013-02 | ||
| Cathy Darden | w-2 managing employee | 2019-05 | ||
| Dennis Matheis | corporate officer | 2022-09 | ||
| Dennis Matheis | corporate director | 2022-09 | ||
| Dennis Matheis | w-2 managing employee | 2022-09 | ||
| Elwood Boone | w-2 managing employee | 2013-11 | ||
| Eric Conley | corporate officer | 2024-04 | ||
| Eric Conley | corporate director | 2024-04 | ||
| Eric Conley | w-2 managing employee | 2024-04 | ||
| Melinda Hancock | corporate director | 2025-01 | ||
| Melinda Hancock | w-2 managing employee | 2025-01 | ||
| 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 |