Memorial Regional Medical Center
Mechanicsville, Hanover County, VA
· CCN 490069
Licensed to Bon Secours Memorial Regional Medical Center Llc
Composite
35.7
rank score
Distress
20
FY2024
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
- part of a multi-hospital chain — divestiture candidate
- 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 · FY2024
| Net patient revenue | $451M |
| Operating margin | 8.7% |
| Total margin | 11.2% |
| Days cash on hand | 0 |
| Current ratio | 3.41 |
| Occupancy | 88% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 234 | $386M | $40.5M | 8.2% | 10.3% | 0 | -0.11 | 81% | 12,310 | 47 |
| 2022 | 199 | $401M | $27.1M | 5.0% | 6.7% | 0 | 0.41 | 96% | 12,353 | 47 |
| 2023 | 243 | $390M | $-3.6M | -3.0% | -0.9% | 0 | 1.14 | 82% | 13,928 | 49 |
| 2024 | 239 | $451M | $52.1M | 8.7% | 11.2% | 0 | 3.41 | 88% | 15,355 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bon Secours - Richmond Health System | 5% or greater direct ownership interest | 100 | 1998-05 | |
| Bon Secours Mercy Health Inc | 5% or greater indirect ownership interest | 100 | 2018-09 | chain |
| Bon Secours Richmond, Llc | 5% or greater indirect ownership interest | 100 | 2012-12 | |
| Brian Yanofchick | corporate director | 2020-01 | ||
| Devon Henry | corporate director | 2024-01 | ||
| James Carter | corporate director | 2025-01 | ||
| Jeffrey Szyperski | corporate director | 2024-01 | ||
| John Starcher | operational/managerial control | 2018-09 | ||
| Kimberly Ralston | w-2 managing employee | 2018-09 | ||
| Lang Liebman | corporate director | 2022-01 | ||
| Mary Shimo | corporate director | 2022-04 | ||
| Michael Lutes | corporate director | 2022-10 | ||
| Michael Quinones | corporate director | 2023-01 | ||
| Osman Parvaiz | corporate director | 2025-01 | ||
| Paula Pando | corporate director | 2025-01 | ||
| Rebecca Mcdonough | corporate director | 2025-01 | ||
| Regina Elbert | corporate director | 2022-01 | ||
| Robert Ukrop | corporate director | 2025-01 | ||
| Wael Haidar | corporate director | 2023-01 | ||
| William Kusnierz | corporate officer | 2020-09 | ||
| William Kusnierz | corporate director | 2020-09 | ||
| William Kusnierz | w-2 managing employee | 2020-09 |
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 |