Centra Specialty Hospital
Lynchburg, Lynchburg City County, VA
· CCN 492010
Licensed to Central Virginia Hospital For Restorative And Rehabilitative Care Llc
Composite
53.6
rank score
Distress
64
FY2023
Fit
62
vs thesis
Estimated ticket
$9.2M–$36.7M
36 beds ·
within envelope
Ownership
nonprofit
LTCH
Why it ranks here
- operating margin below -10%
- total margin negative
- under 30 days cash on hand
- liabilities exceed assets
- occupancy 45-60%
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- small but workable bed count
- small ticket — deploys little of the available capital
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $8.9M |
| Operating margin | -21.9% |
| Total margin | -1.9% |
| Days cash on hand | 7 |
| Current ratio | 2.10 |
| Occupancy | 58% |
Facility
| Beds | 36 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $255K |
| Per-bed (high) | $1.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 36 | $9.9M | $-209K | -5.9% | -2.0% | 7 | 0.94 | 63% | 228 | 72 |
| 2021 | 36 | $10.8M | $-318K | -3.0% | -2.9% | 4 | 0.77 | 64% | 222 | 70 |
| 2022 | 36 | $10.4M | $3.7M | -8.7% | 24.7% | 4 | 2.74 | 64% | 251 | 52 |
| 2023 | 36 | $8.9M | $-206K | -21.9% | -1.9% | 7 | 2.10 | 58% | 239 | 64 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Centra Health Inc | 5% or greater direct ownership interest | 100 | 2005-06 | |
| David Frantz | corporate officer | 2021-02 | ||
| Janice Sinoski | corporate officer | 2022-02 | ||
| Kay S Bowling | corporate officer | 2026-05 | ||
| Kelly Sheppard | w-2 managing employee | 2024-06 | ||
| Morteza Sajadian | corporate officer | 2017-02 | ||
| Morteza Sajadian | operational/managerial control | 2006-08 | ||
| Sloan Albert | corporate officer | 2025-03 | ||
| William Blackman | corporate officer | 2024-06 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.
Who has been buying in VA
Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2023-06-13 | Select Specialty Hospital-Richmond Inc | Vibra Hospital Of Richmond Llc | Ssh - Richmond | 60 |