Hiram W Davis Medical Center - Ms
dba Hiram W Davis Medical Center ·
Petersburg, Dinwiddie County, VA
· CCN 490104
Licensed to Commonwealth Of Va Hiram W Davis Medical Center
Composite
53.1
rank score
Distress
70
FY2024
Fit
54
vs thesis
Estimated ticket
$1.4M–$5.6M
4 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- very small facility
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $20.3M |
| Operating margin | -564.5% |
| Total margin | -8.3% |
| Days cash on hand | 9 |
| Current ratio | 1.60 |
| Occupancy | 61% |
Facility
| Beds | 4 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 4 | $18.8M | $1.7M | -454.4% | 1.6% | 8 | 1.48 | 20% | 5 | 66 |
| 2022 | 4 | $20.9M | $9.0M | -368.8% | 8.4% | 24 | 2.42 | 40% | 8 | 56 |
| 2023 | 4 | $17.2M | $-5.4M | -595.7% | -4.7% | 15 | 2.17 | 58% | 16 | 64 |
| 2024 | 4 | $20.3M | $-10.3M | -564.5% | -8.3% | 9 | 1.60 | 61% | 9 | 70 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bonnie Stalnaker | w-2 managing employee | 2016-09 | ||
| Hilton Mcdaniel | corporate director | 2019-09 |
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 |