Southern Virginia Regional Med. Ctr.
dba Bon Secours Southern Virginia Medical Center ·
Emporia, Greensville County, VA
· CCN 490097
Licensed to Bon Secours Mercy Health Emporia Llc
Composite
56.7
rank score
Distress
81
FY2023
Fit
46
vs thesis
Estimated ticket
$4.9M–$9.8M
70 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy below 30%
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $25.4M |
| Operating margin | -7.9% |
| Total margin | -7.9% |
| Days cash on hand | 7 |
| Current ratio | -6.34 |
| Occupancy | 6% |
Facility
| Beds | 70 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 70 | $16.7M | $-2.8M | -51.7% | -12.3% | 17 | 0.54 | 11% | 699 | 100 |
| 2021 | 70 | $22.6M | $-5.8M | -26.9% | -25.4% | 4 | 1.13 | 9% | 583 | 90 |
| 2022 | 70 | $26.1M | $-2.1M | -12.9% | -7.7% | 1 | 2.29 | 7% | 558 | 82 |
| 2023 | 70 | $25.4M | $-2.0M | -7.9% | -7.9% | 7 | -6.34 | 6% | 469 | 81 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bon Secours Mercy Health Inc | 5% or greater indirect ownership interest | 100 | 2020-01 | chain |
| Bon Secours Richmond Llc | 5% or greater direct ownership interest | 100 | 2020-01 | |
| 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 | 2020-01 | ||
| Kimberly Ralston | w-2 managing employee | 2020-01 | ||
| 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 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2020-01-01 | change of ownership | Bon Secours Mercy Health Emporia Llc | Emporia Hospital Corporation |
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 |