Raleigh General Hospital
Beckley, Raleigh County, WV
· CCN 510070
Licensed to Raleigh General Hospital Llc
Composite
53.0
rank score
Distress
60
FY2024
Fit
65
vs thesis
Estimated ticket
$128M–$510M
300 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin negative
- total margin -8% to -3%
- under 30 days cash on hand
- occupancy 30-45%
- 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
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $196M |
| Operating margin | -4.7% |
| Total margin | -4.0% |
| Days cash on hand | 0 |
| Current ratio | 2.41 |
| Occupancy | 43% |
Facility
| Beds | 300 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 300 | $186M | $14.6M | 3.8% | 7.5% | 0 | 1.97 | 47% | 10,877 | 24 |
| 2022 | 300 | $188M | $-12.8M | -7.1% | -6.8% | 0 | 2.26 | 48% | 10,258 | 59 |
| 2023 | 300 | $182M | $-8.2M | -6.5% | -4.4% | 0 | 2.35 | 39% | 8,034 | 62 |
| 2024 | 300 | $196M | $-7.8M | -4.7% | -4.0% | 0 | 2.41 | 43% | 18,239 | 60 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Dsb Acquisition Llc | 5% or greater indirect ownership interest | 100 | 2018-11 | |
| Legacy Lifepoint Health Llc | 5% or greater indirect ownership interest | 100 | 2022-02 | |
| Lifepoint Acquisition Corp | 5% or greater indirect ownership interest | 100 | 2005-07 | |
| Lifepoint Health Inc | 5% or greater indirect ownership interest | 100 | 2018-11 | |
| Lifepoint Wv Holdings Inc | 5% or greater direct ownership interest | 100 | 2006-07 | |
| Charlotte Lawrence | corporate officer | 2022-01 | ||
| Christopher Monte | corporate officer | 2006-07 | ||
| Daniel Davis | corporate officer | 2022-09 | ||
| David Brash | w-2 managing employee | 2025-07 | ||
| John Grooms | corporate officer | 2016-11 | ||
| Lifepoint Corporate Services General Partnership | operational/managerial control | 2006-07 | ||
| Marcus Poppell | corporate officer | 2009-11 | ||
| Marcus Poppell | other | 2009-11 | ||
| William Haugh | corporate officer | 2022-09 |
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 |