Danville Regional Medical Center
dba Sovah Health ·
Danville, Pittsylvania County, VA
· CCN 490075
Licensed to Danville Regional Medical Center Llc
Composite
37.4
rank score
Distress
28
FY2023
Fit
62
vs thesis
Estimated ticket
$20.5M–$41.0M
205 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- occupancy 45-60%
- margin deteriorating
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $376M |
| Operating margin | 7.2% |
| Total margin | 8.2% |
| Days cash on hand | 0 |
| Current ratio | 2.04 |
| Occupancy | 51% |
Facility
| Beds | 205 |
| Facility type | STH |
| Setting | rural |
| Ownership class | for-profit |
| 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 | 283 | $340M | $46.4M | 7.7% | 12.9% | 0 | 0.89 | 51% | 11,571 | 33 |
| 2021 | 272 | $371M | $47.0M | 11.2% | 12.5% | 0 | 2.18 | 50% | 10,322 | 24 |
| 2022 | 232 | $352M | $29.3M | 6.8% | 8.2% | 1 | 2.48 | 47% | 8,937 | 24 |
| 2023 | 205 | $376M | $31.0M | 7.2% | 8.2% | 0 | 2.04 | 51% | 8,867 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Dsb Acquisition Llc | 5% or greater indirect ownership interest | 100 | 2018-11 | |
| Historic Lifepoint Hospitals, Llc | 5% or greater indirect ownership interest | 100 | 2015-12 | |
| Legacy Lifepoint Health Llc | 5% or greater indirect ownership interest | 100 | 2005-07 | |
| Lifepoint Health Inc | 5% or greater indirect ownership interest | 100 | 2018-11 | |
| Lifepoint Holdings 2 Llc | 5% or greater direct ownership interest | 100 | 2005-07 | |
| Lifepoint Hospitals Holdings Llc | 5% or greater indirect ownership interest | 100 | 2015-12 | |
| Charlotte Lawrence | corporate officer | 2022-01 | ||
| Christopher Monte | corporate officer | 2009-01 | ||
| Elliott Brown | corporate officer | 2026-04 | ||
| Elmer Polite | corporate officer | 2022-09 | ||
| Lifepoint Corporate Services General Partnership | operational/managerial control | 2005-07 | ||
| Marcus Poppell | corporate officer | 2009-11 | ||
| Phillip Sensing | corporate officer | 2026-05 | ||
| Stephen Heatherly | operational/managerial control | 2023-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2017-10-01 | acquisition/merger | Danville Regional Medical Center Llc | Phc-Martinsville Inc |
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 |