Charleston Surgical Hospital
dba Camc Charleston Surgical Hospital ·
Charleton, Kanawha County, WV
· CCN 510091
Licensed to Charleston Surgical Hospital, Llc
Composite
24.6
rank score
Distress
12
FY2023
Fit
48
vs thesis
Estimated ticket
$3.5M–$14.0M
7 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- 90-150 days cash on hand
- occupancy below 30%
- urban — higher occupancy and iteration surface
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $33.7M |
| Operating margin | 18.6% |
| Total margin | 20.0% |
| Days cash on hand | 101 |
| Current ratio | 3.21 |
| Occupancy | 8% |
Facility
| Beds | 7 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 8 | $29.1M | $5.9M | 17.4% | 19.8% | 110 | 3.33 | 24% | 372 | 13 |
| 2021 | 8 | $35.3M | $9.2M | 21.5% | 24.9% | 89 | 3.90 | 26% | 476 | 19 |
| 2022 | 7 | $35.7M | $6.4M | 17.7% | 18.0% | 83 | 2.92 | 12% | 191 | 19 |
| 2023 | 7 | $33.7M | $6.8M | 18.6% | 20.0% | 101 | 3.21 | 8% | 103 | 12 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Charleston Area Medical Center Inc | 5% or greater direct ownership interest | 69 | 2023-10 | |
| Csh Physicians Holdco Llc | 5% or greater direct ownership interest | 31 | 2023-10 | |
| James Lohan | corporate officer | 5 | 2020-11 | |
| Brian Griffith | operational/managerial control | 2023-10 | ||
| Christina Arvon | corporate director | 2004-03 | ||
| Christina Arvon | w-2 managing employee | 2004-03 | ||
| E Robie | operational/managerial control | 2023-10 | ||
| James Lohan | operational/managerial control | 2023-10 | ||
| Jeffrey Oskin | operational/managerial control | 2023-10 | ||
| Jeffrey Sandene | operational/managerial control | 2023-10 |
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 |