Welch Community Hospital
Welch, WV
· CCN 510086
Licensed to State Of West Virginia Welch Community Hospital
Composite
59.0
rank score
Distress
93
FY2024
Fit
43
vs thesis
Estimated ticket
$3.4M–$6.9M
49 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current liabilities exceed current assets
- debt above 85% of assets
- occupancy below 30%
- margin deteriorating sharply
- 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
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $10.7M |
| Operating margin | -245.4% |
| Total margin | -134.6% |
| Days cash on hand | 0 |
| Current ratio | 0.88 |
| Occupancy | 7% |
Facility
| Beds | 49 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| 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 | $8.9M | $-2.2M | -255.7% | -7.5% | 0 | 0.40 | 14% | 441 | 96 |
| 2022 | 49 | $21.7M | $3.4M | -61.5% | 8.7% | 0 | 0.45 | 16% | 491 | 83 |
| 2023 | 49 | $19.7M | $-9.0M | -79.9% | -33.9% | 0 | 0.76 | 10% | 394 | 100 |
| 2024 | 49 | $10.7M | $-21.1M | -245.4% | -134.6% | 0 | 0.88 | 7% | 268 | 93 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Hazel Addair | operational/managerial control | 100 | 2021-05 | |
| Mark Simpson | operational/managerial control | 100 | 2018-07 | |
| State Of West Virginia Welch Community Hospital | operational/managerial control | 1987-01 |
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 |