St. Marys Medical Center Inc.
Huntington, Cabell County, WV
· CCN 510007
Licensed to St Marys Medical Center, Inc
Composite
61.3
rank score
Distress
74
FY2023
Fit
70
vs thesis
Estimated ticket
$127M–$507M
362 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin negative
- under 30 days cash on hand
- current liabilities exceed current assets
- debt above 70% of assets
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size at the top of the envelope — would need leverage
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $526M |
| Operating margin | -10.5% |
| Total margin | -2.4% |
| Days cash on hand | 3 |
| Current ratio | 0.96 |
| Occupancy | 70% |
Facility
| Beds | 362 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 350 | $389M | $19.8M | -5.4% | 4.6% | 18 | 1.51 | 70% | 14,533 | 49 |
| 2021 | 350 | $474M | $11.5M | -7.5% | 2.2% | 6 | 0.99 | 76% | 14,807 | 58 |
| 2022 | 350 | $508M | $-23.9M | -9.8% | -4.5% | 6 | 1.00 | 76% | 14,295 | 64 |
| 2023 | 362 | $526M | $-13.8M | -10.5% | -2.4% | 3 | 0.96 | 70% | 13,845 | 74 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Marshall Health Network Inc | 5% or greater direct ownership interest | 100 | 2023-10 | |
| Mike Cartwright | w-2 managing employee | 2023-08 |
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 |