Wetzel County Hospital
New Martinsville, Wetzel County, WV
· CCN 510072
Licensed to Wetzel County Hospital Inc
Composite
29.1
rank score
Distress
23
FY2023
Fit
47
vs thesis
Estimated ticket
$2.5M–$5.0M
25 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- 30-60 days cash on hand
- current ratio under 1.5
- occupancy 30-45%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $36.5M |
| Operating margin | 4.4% |
| Total margin | 6.8% |
| Days cash on hand | 46 |
| Current ratio | 1.36 |
| Occupancy | 34% |
Facility
| Beds | 25 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 48 | $9.8M | $-1.9M | -20.5% | -18.9% | 176 | 0.44 | 12% | 80,180 | 74 |
| 2021 | 25 | $27.8M | $5.0M | 0.5% | 15.3% | 56 | 0.79 | 32% | 534 | 47 |
| 2022 | 25 | $33.7M | $3.6M | 9.4% | 10.6% | 55 | 1.04 | 34% | 519 | 26 |
| 2023 | 25 | $36.5M | $2.5M | 4.4% | 6.8% | 46 | 1.36 | 34% | 551 | 23 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| West Virginia United Health System Inc | 5% or greater indirect ownership interest | 100 | 2020-07 | |
| Alex Incian | w-2 managing employee | 2014-06 | ||
| Deborah Burge | w-2 managing employee | 2021-06 | ||
| Donald Blum | corporate director | 2020-07 | ||
| Jessica Huffman | w-2 managing employee | 2018-03 | ||
| Jillann Westbrook | w-2 managing employee | 2020-07 | ||
| Kyle Pierson | w-2 managing employee | 2018-12 | ||
| Larry Lemon | corporate director | 2021-09 | ||
| Marjean Kennedy | corporate director | 2021-05 | ||
| Orton Armstrong | corporate director | 2021-01 | ||
| Paul Barcus | corporate director | 2020-07 | ||
| Rob Rothlisberger | corporate director | 2022-01 | ||
| Sean Smith | w-2 managing employee | 2021-01 | ||
| William Bane | w-2 managing employee | 2024-07 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2020-07-01 | change of ownership | Wetzel County Hospital Inc | Wetzel County Hospital Association |
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 |