Davis Memorial Hospital
dba Vandalia Health Davis Medical Center ·
Elkins, Randolph County, WV
· CCN 510030
Licensed to Davis Memorial Hospital
Composite
56.7
rank score
Distress
85
FY2023
Fit
46
vs thesis
Estimated ticket
$6.3M–$12.6M
90 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- debt above 85% of assets
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $104M |
| Operating margin | -25.6% |
| Total margin | -25.6% |
| Days cash on hand | 19 |
| Current ratio | 1.82 |
| Occupancy | 22% |
Facility
| Beds | 90 |
| 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 | 90 | $96.7M | $3.6M | -9.6% | 3.3% | 3 | 0.78 | 24% | 2,178 | 67 |
| 2021 | 90 | $109M | $5.1M | -3.8% | 4.2% | 23 | 1.08 | 30% | 2,327 | 50 |
| 2022 | 90 | $101M | $-18.2M | -20.4% | -17.6% | 22 | 1.08 | 28% | 2,364 | 79 |
| 2023 | 90 | $104M | $-26.6M | -25.6% | -25.6% | 19 | 1.82 | 22% | 1,643 | 85 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Vandalia Health Inc | 5% or greater indirect ownership interest | 100 | 2023-12 | |
| Bridgette Wilson | corporate officer | 2010-07 | ||
| Chad Shoemaker | corporate officer | 2023-12 | ||
| Connie Tenney | corporate director | 2007-11 | ||
| Danny Franke | corporate officer | 2023-12 | ||
| Denise Campbell | corporate officer | 2023-12 | ||
| Drew Pingley | corporate officer | 2023-12 | ||
| Hugh Hitchcock | corporate director | 2007-11 | ||
| James Triplett | corporate director | 2010-07 | ||
| Jeffrey Sandene | corporate officer | 2023-12 | ||
| Jeffrey Sandene | w-2 managing employee | 2023-12 | ||
| John Kabler | corporate director | 2013-10 | ||
| Kevin Gessler | corporate director | 2023-12 | ||
| Mary Anne Carpenter | corporate director | 2022-01 | ||
| Misha Phillips Lee | corporate officer | 2023-12 | ||
| Monongalia Health System, Inc. | 5% or greater indirect ownership interest | 2023-12 | ||
| Ronald Andro | corporate officer | 2024-11 | ||
| Ronald Andro | w-2 managing employee | 2024-11 | ||
| Ronald Andro | operational/managerial control | 2024-11 | ||
| William Hartman | corporate officer | 2012-07 |
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 |