Shenandoah Memorial Hospital
Woodstock, Shenandoah County, VA
· CCN 491305
Licensed to Shenandoah Memorial Hospital, Inc.
Composite
21.2
rank score
Distress
0
FY2023
Fit
53
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- rural — cheaper but limited density
- 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 | $85.5M |
| Operating margin | 12.0% |
| Total margin | 21.2% |
| Days cash on hand | 302 |
| Current ratio | 11.56 |
| Occupancy | 78% |
Facility
| Beds | 25 |
| 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 | 25 | $57.7M | $12.4M | -7.4% | 16.6% | 261 | 14.83 | 52% | 956 | 24 |
| 2021 | 25 | $72.3M | $12.0M | 5.5% | 15.0% | 242 | 81.20 | 67% | 1,159 | 0 |
| 2022 | 25 | $78.2M | $5.5M | 7.6% | 7.1% | 141 | -22.04 | 73% | 1,239 | 18 |
| 2023 | 25 | $85.5M | $20.3M | 12.0% | 21.2% | 302 | 11.56 | 78% | 1,366 | 0 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jill Chambers | w-2 managing employee | 2017-09 | ||
| Thomas Kluge | corporate officer | 2021-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.