Sentara Careplex Hospital
Hampton, Hampton City County, VA
· CCN 490093
Licensed to Sentara Hospitals
Composite
33.5
rank score
Distress
22
FY2023
Fit
59
vs thesis
Estimated ticket
$16.9M–$33.8M
169 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- occupancy 45-60%
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $329M |
| Operating margin | 8.9% |
| Total margin | 12.7% |
| Days cash on hand | 10 |
| Current ratio | 2.53 |
| Occupancy | 54% |
Facility
| Beds | 169 |
| 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 | 169 | $245M | $28.4M | 7.4% | 11.2% | 12 | 2.61 | 62% | 7,211 | 22 |
| 2021 | 169 | $280M | $81.1M | 15.5% | 25.4% | 23 | 2.61 | 67% | 7,013 | 22 |
| 2022 | 169 | $302M | $47.8M | 9.3% | 14.8% | 10 | 2.11 | 58% | 6,815 | 24 |
| 2023 | 169 | $329M | $43.4M | 8.9% | 12.7% | 10 | 2.53 | 54% | 6,909 | 22 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| 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 | ||
| 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 | ||
| Sentara Health | 5% or greater direct ownership interest | 1990-06 |
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 |