Stonewall Jackson Memorial Hospital
Weston, Lewis County, WV
· CCN 510038
Licensed to Stonewall Jackson Memorial Hospital Company
Composite
53.1
rank score
Distress
73
FY2023
Fit
46
vs thesis
Estimated ticket
$3.4M–$6.9M
49 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin negative
- under 30 days cash on hand
- current ratio under 1.5
- occupancy below 30%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- small but workable bed count
- 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 | $47.6M |
| Operating margin | -13.0% |
| Total margin | -0.9% |
| Days cash on hand | 8 |
| Current ratio | 1.08 |
| Occupancy | 22% |
Facility
| Beds | 49 |
| 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 | 49 | $47.0M | $13.2M | -6.2% | 21.0% | 95 | 2.39 | 27% | 1,407 | 36 |
| 2022 | 49 | $48.5M | $-8.1M | -13.6% | -15.5% | 60 | 3.25 | 32% | 1,391 | 67 |
| 2023 | 49 | $47.6M | $-498K | -13.0% | -0.9% | 8 | 1.08 | 22% | 1,150 | 73 |
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 | |
| Alissa Lambert | corporate director | 2022-01 | ||
| C. Gregory Cunningham | corporate director | 2016-01 | ||
| Clyde Scherich | w-2 managing employee | 2020-03 | ||
| David Goldberg | corporate director | 2018-10 | ||
| Doyle Sickles | corporate director | 2021-08 | ||
| George Stansbury | corporate director | 2022-01 | ||
| Gregory St. Clair | corporate director | 2017-08 | ||
| John Law | corporate director | 2004-03 | ||
| Joseph Snead | corporate director | 1987-12 | ||
| Kevin Stalnaker | corporate officer | 2020-11 | ||
| Kevin Stalnaker | w-2 managing employee | 2017-10 | ||
| Kimberly Gum | corporate director | 2017-08 | ||
| Monongalia Health System, Inc. | operational/managerial control | 2017-10 | chain | |
| Monongalia Health System, Inc. | other | 2017-10 | chain | |
| Ralph Wood | corporate director | 1997-01 | ||
| Robin Poling | corporate director | 2011-01 | ||
| Tyler Hall | 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 |