Henrico Doctors Hospital
dba Henrico Doctors' Hospital ·
Richmond, Henrico County, VA
· CCN 490118
Licensed to Hca Health Services Of Virginia, Inc.
Composite
12.5
rank score
Distress
25
FY2024
Fit
50
vs thesis
Estimated ticket
$343M–$1.4B
686 beds ·
over envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- occupancy 30-45%
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $777M |
| Operating margin | 34.3% |
| Total margin | 34.5% |
| Days cash on hand | 0 |
| Current ratio | 1.89 |
| Occupancy | 41% |
Facility
| Beds | 686 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 685 | $575M | $145M | 17.8% | 23.4% | 0 | 2.33 | 42% | 18,661 | 28 |
| 2022 | 686 | $637M | $153M | 17.1% | 22.5% | 0 | 2.14 | 44% | 20,663 | 28 |
| 2023 | 686 | $661M | $182M | 18.9% | 25.4% | 0 | 1.79 | 41% | 19,864 | 28 |
| 2024 | 686 | $777M | $268M | 34.3% | 34.5% | 0 | 1.89 | 41% | 23,954 | 25 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Hca Healthcare Inc | 5% or greater indirect ownership interest | 100 | 2010-11 | |
| Hca Inc | 5% or greater indirect ownership interest | 100 | 2007-04 | |
| Healthserv Acquisition Llc | 5% or greater direct ownership interest | 100 | 2007-04 | |
| Healthtrust Inc - The Hospital Company | 5% or greater indirect 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 P Denton | corporate officer | 2007-04 | ||
| Christopher P Denton | w-2 managing employee | 2007-04 | ||
| Christopher Wyatt | corporate director | 2016-04 | ||
| Deborah Mullin | corporate officer | 2010-01 | ||
| Douglas Downey | corporate officer | 2014-04 | ||
| Dustin Fosness | corporate officer | 2026-02 | ||
| Edwin Robinson | corporate officer | 2025-09 | ||
| 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 | ||
| Kim Jensen | corporate officer | 2019-11 | ||
| Kim Jensen | w-2 managing employee | 2019-11 |
Showing 25 of 40. Full list via /api/targets/490118.
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 |