Camden-Clark Memorial Hospital
dba Camden Clark Medical Center ·
Parkersburg, Wood County, WV
· CCN 510058
Licensed to Camden Clark Memorial Hospital Corporation
Composite
53.7
rank score
Distress
53
FY2023
Fit
70
vs thesis
Estimated ticket
$107M–$427M
251 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- under 30 days cash on hand
- current ratio under 1.5
- liabilities exceed assets
- part of a multi-hospital chain — divestiture candidate
- 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 | $411M |
| Operating margin | -6.4% |
| Total margin | 2.7% |
| Days cash on hand | 7 |
| Current ratio | 1.40 |
| Occupancy | 66% |
Facility
| Beds | 251 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 251 | $300M | $-13.2M | -8.9% | -4.0% | 57 | 1.26 | 65% | 10,854 | 66 |
| 2021 | 256 | $333M | $20.0M | -5.5% | 5.4% | 43 | 1.17 | 64% | 11,375 | 53 |
| 2022 | 256 | $357M | $16.7M | -8.0% | 4.1% | 7 | 1.33 | 63% | 11,941 | 59 |
| 2023 | 251 | $411M | $12.1M | -6.4% | 2.7% | 7 | 1.40 | 66% | 13,408 | 53 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| West Virginia United Health System, Inc | 5% or greater indirect ownership interest | 100 | 2011-03 | chain |
| Abiy Kelil | corporate director | 2026-01 | ||
| Joseph Campbell | corporate director | 2012-07 | ||
| Kathy Eddy | corporate director | 1997-07 | ||
| Kyle Pierson | corporate officer | 2019-01 | ||
| Kyle Pierson | w-2 managing employee | 2019-01 | ||
| Linford Lovell | corporate director | 2017-07 | ||
| Nicholas Barcellona | corporate director | 2025-12 | ||
| Orton Armstrong | corporate director | 2017-01 | ||
| Randall Snider | corporate director | 2015-03 | ||
| Sean Smith | corporate officer | 2017-07 | ||
| Sean Smith | w-2 managing employee | 2011-12 | ||
| Terry Capel | corporate director | 2003-07 | ||
| Tori Jackson | corporate director | 2025-12 |
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 |