United Hospital Center
dba United Hospital Center, Inc. ·
Bridgeport, Harrison County, WV
· CCN 510006
Licensed to United Hospital Center Inc
Composite
31.2
rank score
Distress
10
FY2023
Fit
62
vs thesis
Estimated ticket
$23.2M–$46.4M
232 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- 90-150 days cash on hand
- margin deteriorating
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $552M |
| Operating margin | 2.6% |
| Total margin | 16.4% |
| Days cash on hand | 140 |
| Current ratio | 4.77 |
| Occupancy | 70% |
Facility
| Beds | 232 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 232 | $444M | $112M | 5.1% | 21.0% | 144 | 2.54 | 70% | 12,741 | 4 |
| 2021 | 232 | $490M | $191M | 11.7% | 30.6% | 128 | 3.05 | 74% | 11,749 | 4 |
| 2022 | 232 | $516M | $67.3M | 9.4% | 12.6% | 96 | 4.24 | 75% | 12,116 | 4 |
| 2023 | 232 | $552M | $105M | 2.6% | 16.4% | 140 | 4.77 | 70% | 11,805 | 10 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| West Virginia United Health System, Inc | 5% or greater indirect ownership interest | 100 | 1997-06 | chain |
| Adam Dyer | corporate director | 2025-07 | ||
| Benjamin Raymond | corporate director | 2025-07 | ||
| Brian Jarvis | corporate director | 2024-10 | ||
| Brian Sheppard | corporate director | 2024-10 | ||
| David Hess | corporate officer | 2024-10 | ||
| David Hess | corporate director | 2024-10 | ||
| David Hess | w-2 managing employee | 2024-10 | ||
| Dianne Phillips | corporate director | 2024-10 | ||
| James Harris | corporate director | 2013-01 | ||
| Jeffrey Barger | corporate director | 2009-07 | ||
| Jonathan Stanley | corporate director | 2020-01 | ||
| Katherine Wagner | corporate director | 1967-09 | ||
| Mark Hackney | corporate director | 2020-01 | ||
| Matt Jenkins | corporate director | 2024-10 | ||
| Russell Plywaczynski | corporate director | 2025-07 | ||
| Russell Plywaczynski | w-2 managing employee | 2025-07 | ||
| Samuel Gallo | corporate director | 2024-10 | ||
| Stacey Armstrong | corporate director | 2024-10 | ||
| Tanya Sutton | corporate director | 2019-01 | ||
| Woody Thrasher | corporate director | 2024-10 |
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 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 |