Bath County Community Hospital
dba Bath Community Hospital ·
Hot Springs, Bath County, VA
· CCN 491300
Licensed to Bath County Community Hospital
Composite
33.0
rank score
Distress
43
FY2023
Fit
34
vs thesis
Estimated ticket
$1.2M–$2.4M
14 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- 90-150 days cash on hand
- occupancy below 30%
- margin deteriorating
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $17.7M |
| Operating margin | -49.4% |
| Total margin | 9.3% |
| Days cash on hand | 126 |
| Current ratio | 4.50 |
| Occupancy | 24% |
Facility
| Beds | 14 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 14 | $15.3M | $3.5M | -56.6% | 12.8% | 33 | 2.34 | 37% | 197 | 50 |
| 2021 | 14 | $16.6M | $14.7M | -48.2% | 37.4% | 111 | 1.13 | 34% | 199 | 41 |
| 2022 | 14 | $17.4M | $2.3M | -42.4% | 8.5% | 102 | 4.49 | 29% | 131 | 41 |
| 2023 | 14 | $17.7M | $2.7M | -49.4% | 9.3% | 126 | 4.50 | 24% | 111 | 43 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| George Phillips | corporate director | 7 | 2015-07 | |
| Ghulam Qureshi | corporate director | 7 | 2015-07 | |
| Graham Hetzer | corporate director | 7 | 2015-07 | |
| Jeffrey Mccray | corporate director | 7 | 2016-01 | |
| Lewis Duffy | corporate director | 7 | 2017-01 | |
| Meade Snyder | corporate director | 7 | 2017-01 | |
| Ralph Clark | corporate director | 7 | 2015-07 | |
| Sarah Mcwilliams | corporate director | 7 | 2015-07 | |
| Tim Pistell | corporate director | 7 | 2015-07 | |
| Barbara Durnan | w-2 managing employee | 2014-02 | ||
| Charles Reed | corporate director | 2019-01 | ||
| Jane Russell | operational/managerial control | 2025-09 | ||
| Jay Bonfili | corporate director | 2019-01 | ||
| Jeffrey Lingerfelt | corporate officer | 2020-08 | ||
| Jeffrey Lingerfelt | w-2 managing employee | 2020-08 | ||
| Susan Plecker | w-2 managing employee | 2025-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.