Cjw Medical Center
Richmond, Richmond City County, VA
· CCN 490112
Licensed to Chippenham & Johnston-Willis Hospitals, Inc.
Composite
35.8
rank score
Distress
20
FY2024
Fit
67
vs thesis
Estimated ticket
$59.9M–$120M
599 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- rural — cheaper but limited density
- very large — likely out of range
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $1.2B |
| Operating margin | 41.1% |
| Total margin | 31.7% |
| Days cash on hand | 0 |
| Current ratio | 1.60 |
| Occupancy | 78% |
Facility
| Beds | 599 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 612 | $877M | $197M | 31.1% | 22.9% | 0 | 1.79 | 72% | 31,372 | 22 |
| 2022 | 612 | $899M | $184M | 27.0% | 20.5% | 0 | 1.82 | 72% | 30,503 | 22 |
| 2023 | 612 | $1.0B | $258M | 32.8% | 25.6% | 0 | 1.62 | 71% | 30,662 | 22 |
| 2024 | 599 | $1.2B | $367M | 41.1% | 31.7% | 0 | 1.60 | 78% | 33,858 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Hca Healthcare Inc | 5% or greater indirect ownership interest | 100 | 2011-08 | |
| Hca Inc | 5% or greater indirect ownership interest | 100 | 2007-04 | |
| Hca Squared Llc | 5% or greater indirect ownership interest | 100 | 2011-10 | |
| Healthtrust Inc - The Hospital Company | 5% or greater indirect ownership interest | 100 | 2007-04 | |
| Hospital Corp Llc | 5% or greater direct ownership interest | 100 | 2007-04 | |
| Frisco Holding Ii | 5% or greater indirect ownership interest | 16 | 2026-02 | |
| Hercules Holding Ii | 5% or greater indirect ownership interest | 14 | 2016-09 | |
| Brad Spicer | corporate officer | 2023-01 | ||
| Christopher Wyatt | corporate director | 2016-04 | ||
| Deborah Mullin | corporate officer | 2011-08 | ||
| Douglas Downey | corporate officer | 2014-04 | ||
| Dustin Fosness | corporate officer | 2026-02 | ||
| Edwin Robinson | corporate officer | 2025-09 | ||
| Elizabeth Matish | corporate officer | 2022-09 | ||
| Eric Smith | contracted managing employee | 2021-03 | ||
| Henry Maxwell | corporate officer | 2024-01 | ||
| Jaime Derensis | corporate officer | 2020-11 | ||
| Jeffery Mcinturff | corporate officer | 2021-11 | ||
| John Franck | corporate director | 2007-04 | ||
| John Hackett | corporate officer | 2016-04 | ||
| John Starling | corporate officer | 2019-10 | ||
| Jon Foster | corporate officer | 2023-01 | ||
| Kevin Ball | corporate officer | 2014-04 | ||
| Lance Jones | corporate officer | 2022-12 | ||
| Lance Jones | w-2 managing employee | 2022-12 |
Showing 25 of 42. Full list via /api/targets/490112.
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 |