dealflow
envelope $200M

← Targets

Carilion Giles Community Hospital

Pearisburg, Giles County, VA · CCN 491302
Licensed to Carilion Giles Community Hospital

Composite
53.3
rank score
Distress
66
FY2023
Fit
59
vs thesis
Estimated ticket
$1.8M–$3.6M
25 beds · within envelope
Ownership
nonprofit
CAH

Why it ranks here

  • operating margin below -10%
  • total margin under 2%
  • under 30 days cash on hand
  • current liabilities exceed current assets
  • liabilities exceed assets
  • urban — higher occupancy and iteration surface
  • small but workable bed count
  • very small ticket — sub-scale as a platform asset
  • strong occupancy — good iteration surface
  • nonprofit — expect AG conversion review

Latest financials · FY2023

Net patient revenue$75.4M
Operating margin -25.0%
Total margin 1.4%
Days cash on hand 0
Current ratio 0.86
Occupancy65%

Facility

Beds25
Facility typeCAH
Settingurban
Ownership classnonprofit
Per-bed (low) $72.2K
Per-bed (high) $144K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 25 $36.5M $-784K -1.3% -2.1% 3 0.75 46% 1,104 72
2021 25 $65.6M $927K -8.6% 1.3% 2 0.92 59% 899 70
2022 25 $72.5M $-995K -17.5% -1.2% 0 0.93 60% 1,084 80
2023 25 $75.4M $1.4M -25.0% 1.4% 0 0.86 65% 965 66

Owners

OwnerRole%SinceType
Carilion Clinic
Roanoke, VA
5% or greater direct ownership interest 100 1988-07
Andrew Wagner corporate director 2009-03
Christopher Hansen corporate director 2021-10
Christopher Mcklarney corporate director 2010-03
Donald Halliwill corporate officer 2013-01
Eleanor Prescott corporate director 2025-10
George Vaughan corporate director 2022-09
James Hartley corporate director 1981-07
Johnny Mills corporate director 2023-10
Jose Rivero corporate director 2021-10
Joshua Hartle corporate director 2025-10
Kimberly Reynolds w-2 managing employee 2023-05
Kristi Eaton corporate director 2025-10
Kristie Williams corporate director 2021-10
Melissa Stump corporate director 2021-10
Michael Bailey corporate director 2021-10
Michael Mcmahon corporate director 2021-10
Priscilla Morris corporate director 2005-03
Richard Jennell corporate director 1992-06
Richard Mccoy corporate director 2021-10
Senthil Marimuthu corporate director 2023-10
Veronica Stump corporate director 2023-10
William Flattery corporate director 2021-10

Ownership changes

No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.