Lee County Community Hospital
Pennington Gap, VA
· CCN 491309
Licensed to Mountain States Health Alliance
Composite
26.2
rank score
Distress
28
FY2024
Fit
34
vs thesis
Estimated ticket
$1.0M–$2.0M
12 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- occupancy below 30%
- 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 · FY2024
| Net patient revenue | $13.3M |
| Operating margin | 18.9% |
| Total margin | 19.2% |
| Days cash on hand | 0 |
| Current ratio | 2.61 |
| Occupancy | 14% |
Facility
| Beds | 12 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 6 | $5.5M | $-1.9M | -33.8% | -34.1% | 0 | 0.75 | 17% | 114 | 89 |
| 2023 | 12 | $11.3M | $1.7M | 14.9% | 15.4% | 0 | 0.11 | 10% | 157 | 44 |
| 2024 | 12 | $13.3M | $2.5M | 18.9% | 19.2% | 0 | 2.61 | 14% | 223 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ballad Health | 5% or greater indirect ownership interest | 100 | 2021-07 | |
| Mountain States Health Alliance | 5% or greater direct ownership interest | 100 | 2021-07 | |
| Alan Levine | corporate officer | 2018-02 | ||
| Alan Levine | corporate director | 2018-02 | ||
| Buford Deaton | corporate officer | 2018-02 | ||
| Buford Deaton | corporate director | 2018-02 | ||
| Gregory Wilgocki | corporate director | 2018-02 | ||
| Gregory Wilgocki | w-2 managing employee | 2018-02 | ||
| Julie Bennett | corporate officer | 2023-02 | ||
| Julie Bennett | corporate director | 2023-02 | ||
| Marvin Eichorn | corporate officer | 2018-02 | ||
| Marvin Eichorn | corporate director | 2018-02 | ||
| Shane Hilton | corporate officer | 2024-04 | ||
| Shane Hilton | corporate director | 2024-04 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.