Greenbrier Valley Medical Center
Ronceverte, Greenbrier County, WV
· CCN 510002
Licensed to Camc Greenbrier Valley Medical Center Inc
Already transacted. CMS recorded an ownership change effective
2023-01-01. Confirm the current owner before spending a call on this.
Composite
22.3
rank score
Distress
97
FY2023
Fit
50
vs thesis
Estimated ticket
$4.6M–$9.2M
66 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
- changed ownership 2023-01-01 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $87.0M |
| Operating margin | -19.2% |
| Total margin | -17.9% |
| Days cash on hand | 0 |
| Current ratio | 0.63 |
| Occupancy | 43% |
Facility
| Beds | 66 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 84 | $63.2M | $8.9M | 3.4% | 12.7% | 0 | -0.08 | 35% | 2,220 | 41 |
| 2022 | 71 | $70.3M | $2.8M | 2.7% | 3.9% | 0 | -0.08 | 48% | 2,236 | 38 |
| 2023 | 66 | $87.0M | $-15.8M | -19.2% | -17.9% | 0 | 0.63 | 43% | 2,311 | 97 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Vandalia Health Inc | 5% or greater direct ownership interest | 100 | 2022-09 | |
| Vandalia Health Inc | operational/managerial control | 100 | 2022-09 | |
| Chad Hovis | corporate director | 2023-01 | ||
| Chad Hovis | w-2 managing employee | 2023-01 | ||
| David Ramsey | corporate director | 2023-01 | ||
| Glenn Crotty | corporate director | 2023-01 | ||
| Jeffrey Sandene | corporate director | 2023-01 | ||
| Jeffrey Sandene | w-2 managing employee | 2023-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2023-01-01 | change of ownership | Camc Greenbrier Valley Medical... | Greenbrier Vmc Llc |
Who has been buying in WV
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 |
|---|---|---|---|---|
| 2023-01-01 | Camc Greenbrier Valley Medical Center Inc | Greenbrier Vmc Llc | Greenbrier Valley Medical Center | 66 |
| 2020-07-01 | Wetzel County Hospital Inc | Wetzel County Hospital Association | Wetzel County Hospital | 25 |