dealflow
envelope $200M

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Uva Health Haymarket Medical Center

Haymarket, Prince William County, VA · CCN 490144
Licensed to Uva Prince William Medical Center

Composite
56.5
rank score
Distress
65
FY2024
Fit
68
vs thesis
Estimated ticket
$18.7M–$74.8M
44 beds · within envelope
Ownership
government
STH

Why it ranks here

  • operating margin negative
  • total margin negative
  • under 30 days cash on hand
  • current ratio below 0.8
  • occupancy 45-60%
  • margin deteriorating sharply
  • urban — higher occupancy and iteration surface
  • small but workable bed count
  • ticket size somewhat below the envelope
  • moderate occupancy
  • government-owned — public process likely

Latest financials · FY2024

Net patient revenue$103M
Operating margin -0.6%
Total margin -0.2%
Days cash on hand 4
Current ratio -0.49
Occupancy50%

Facility

Beds44
Facility typeSTH
Settingurban
Ownership classgovernment
Per-bed (low) $425K
Per-bed (high) $1.7M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 60 $83.1M $7.8M 4.4% 8.9% 108 3.24 33% 2,184 10
2021 44 $85.2M $5.3M 4.1% 6.1% 46 3.65 40% 1,940 22
2022 44 $46.8M $6.4M 13.3% 13.6% 76 -7.45 48% 1,084 26
2023 44 $95.4M $11.4M 13.4% 11.9% 148 19.77 50% 2,200 7
2024 44 $103M $-217K -0.6% -0.2% 4 -0.49 50% 2,315 65

Owners

OwnerRole%SinceType
Rector & Visitors Of The University Of Virginia
Charlottesville, VA
5% or greater indirect ownership interest 100 2016-01
Rector & Visitors Of The University Of Virginia
Charlottesville, VA
operational/managerial control 100 2021-07
Uva Community Health Inc
Warrenton, VA
5% or greater direct ownership interest 100 2021-07
Uva Prince William Health System
Winston Salem, NC
5% or greater direct ownership interest 100 2021-07
Charles Coder contracted managing employee 2021-10
Charles Coder corporate officer 2021-10
Charles Coder operational/managerial control 2021-10
Douglas Markert corporate director 2019-01
Ian Mcdonald corporate director 2017-01
Jackson Miller corporate director 2019-01
Jacqueline Krick corporate director 2017-01
Kevin Kelley corporate director 2016-01
Olivia Blackmon corporate director 2019-01
Pamela Sessoms corporate director 2018-01
Patrick Small corporate director 2018-01
Ross Switkes corporate director 2019-01
Sara White w-2 managing employee 2021-10
Stephen Nelson corporate director 2017-01
Stephen Smith corporate director 2018-01
Steven Danziger corporate officer 2013-01
Steven Danziger corporate director 2013-01
Vikram Khot corporate officer 2013-01
Vikram Khot corporate director 2013-01

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.

DateBuyerSellerHospitalBeds
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