Pleasant Valley Hospital
dba Rivers Health ·
Point Pleasant, Mason County, WV
· CCN 510012
Licensed to Pleasant Valley Hospital, Inc.
Composite
61.9
rank score
Distress
93
FY2023
Fit
50
vs thesis
Estimated ticket
$3.0M–$6.0M
43 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- 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
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $42.7M |
| Operating margin | -39.2% |
| Total margin | -7.3% |
| Days cash on hand | 13 |
| Current ratio | 0.39 |
| Occupancy | 40% |
Facility
| Beds | 43 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 49 | $43.7M | $-189K | -32.2% | -0.3% | 64 | 0.97 | 29% | 1,050 | 63 |
| 2021 | 49 | $40.1M | $2.3M | -36.3% | 3.9% | 15 | 0.81 | 32% | 971 | 64 |
| 2022 | 49 | $39.9M | $-17.1M | -48.1% | -39.1% | 11 | 0.32 | 34% | 932 | 93 |
| 2023 | 43 | $42.7M | $-4.1M | -39.2% | -7.3% | 13 | 0.39 | 40% | 835 | 93 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Marshall Health Network Inc | 5% or greater direct ownership interest | 100 | 2023-10 | |
| Angela Zimmerman | corporate director | 2022-10 | ||
| Claire Cottrill | corporate director | 2022-10 | ||
| Cofer Kayser | corporate director | 2022-10 | ||
| Edgar Lanham | corporate director | 2022-10 | ||
| Leigh Ann Shepard | corporate director | 2022-10 | ||
| Michael Sellards | corporate director | 2022-10 | ||
| Robert Tayengco | corporate director | 2022-10 | ||
| Rocky Sturgeon | corporate director | 2022-10 | ||
| Russell Henchey | corporate officer | 2025-01 | ||
| Shawn Bastin | corporate officer | 2024-01 | ||
| Shawn Bastin | w-2 managing employee | 2024-01 |
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 |