Sentara Princess Anne Hospital
Virginia Beach, Virginia Beach City County, VA
· CCN 490119
Licensed to Sentara Princess Anne Hospital
Composite
26.6
rank score
Distress
4
FY2023
Fit
62
vs thesis
Estimated ticket
$17.4M–$34.8M
174 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- 90-150 days cash on hand
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $402M |
| Operating margin | 12.0% |
| Total margin | 11.3% |
| Days cash on hand | 131 |
| Current ratio | 3.84 |
| Occupancy | 94% |
Facility
| Beds | 174 |
| 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 | 174 | $303M | $30.5M | 12.0% | 9.9% | 202 | 2.77 | 87% | 11,487 | 0 |
| 2021 | 174 | $357M | $66.2M | 17.6% | 18.4% | 195 | 3.58 | 97% | 11,843 | 0 |
| 2022 | 174 | $361M | $38.0M | 10.3% | 10.5% | 141 | 2.84 | 92% | 11,604 | 4 |
| 2023 | 174 | $402M | $45.2M | 12.0% | 11.3% | 131 | 3.84 | 94% | 12,317 | 4 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Sentara Health | 5% or greater direct ownership interest | 70 | 2015-01 | |
| Bon Secours Mercy Health Inc | 5% or greater direct ownership interest | 30 | 2015-01 | |
| Cathy Darden | w-2 managing employee | 2019-05 | ||
| 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 | ||
| Michelle Allen | w-2 managing employee | 2022-10 | ||
| Samuel Hawley | corporate officer | 2015-01 | ||
| Samuel Hawley | corporate director | 2015-01 |
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 |