Page Memorial Hospital
Luray, Page County, VA
· CCN 491307
Licensed to Page Memorial Hospital Inc
Composite
31.2
rank score
Distress
25
FY2023
Fit
50
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- occupancy 45-60%
- margin slipping
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $48.6M |
| Operating margin | 9.0% |
| Total margin | 9.6% |
| Days cash on hand | 13 |
| Current ratio | 4.56 |
| Occupancy | 49% |
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 | $33.9M | $3.9M | -4.5% | 9.9% | 96 | 4.56 | 38% | 499 | 26 |
| 2021 | 25 | $40.4M | $892K | 0.6% | 2.2% | 102 | 2.23 | 50% | 691 | 13 |
| 2022 | 25 | $43.7M | $2.6M | 1.3% | 5.7% | 25 | 3.13 | 48% | 778 | 31 |
| 2023 | 25 | $48.6M | $4.7M | 9.0% | 9.6% | 13 | 4.56 | 49% | 903 | 25 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Valley Health System | 5% or greater direct ownership interest | 100 | 2008-12 | |
| Jill Chambers | w-2 managing employee | 2017-09 | ||
| Nelson Clark | corporate director | 2008-12 | ||
| Nelson Clark | w-2 managing employee | 2005-10 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.