Broaddus Hospital Association
dba Vandalia Health Broaddus Hospital ·
Philippi, Barbour County, WV
· CCN 511300
Licensed to Broaddus Hospital Association Inc.
Composite
36.4
rank score
Distress
47
FY2023
Fit
38
vs thesis
Estimated ticket
$1.0M–$2.0M
12 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- 60-90 days cash on hand
- occupancy 30-45%
- margin deteriorating
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $21.4M |
| Operating margin | -6.5% |
| Total margin | -1.5% |
| Days cash on hand | 61 |
| Current ratio | 1.86 |
| Occupancy | 41% |
Facility
| Beds | 12 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 12 | $16.8M | $524K | -14.0% | 2.7% | 167 | 1.14 | 40% | 18 | 37 |
| 2021 | 12 | $19.4M | $3.0M | -7.4% | 12.4% | 145 | 1.71 | 48% | 75 | 29 |
| 2022 | 12 | $21.2M | $-161K | -0.9% | -0.8% | 81 | 1.63 | 46% | 42 | 36 |
| 2023 | 12 | $21.4M | $-345K | -6.5% | -1.5% | 61 | 1.86 | 41% | 29 | 47 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Davis Health System | 5% or greater direct ownership interest | 100 | 2022-01 | |
| Bridgette Wilson | corporate officer | 2023-12 | ||
| Crystal Gray | corporate officer | 2018-06 | ||
| Dana Gould | w-2 managing employee | 2017-09 | ||
| Danny Franke | corporate officer | 2011-07 | ||
| Donna Phillips | corporate officer | 2018-06 | ||
| Hugh Hitchcock | corporate officer | 2023-12 | ||
| Jeffrey Powelson | corporate officer | 2015-06 | ||
| Jeffrey Sandene | corporate officer | 2023-12 | ||
| Jeffrey Sandene | corporate director | 2023-12 | ||
| Jeffrey Sandene | w-2 managing employee | 2023-12 | ||
| John Kabler | corporate officer | 2023-12 | ||
| Kevin Gessler | corporate director | 2023-12 | ||
| Kevin Shaffer | corporate officer | 2023-12 | ||
| Mary Lind | corporate officer | 2015-06 | ||
| Vandalia Health Inc | operational/managerial control | 2023-12 | ||
| William Hartman | corporate officer | 2023-12 |
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 |
|---|---|---|---|---|
| 2023-07-01 | Grant Memorial Hospital Inc | Grant Memorial Hospital | Grant Memorial Hospital | 25 |
| 2023-04-01 | Camc Plateau Medical Center, Inc. | Oak Hill Hospital Corporation | Plateau Medical Center | 25 |
| 2022-01-01 | Webster Memorial Hospital Inc | Webster County Memorial Hospital | Webster Memorial Hospital | 25 |
| 2020-10-01 | Marietta Memorial Hospital Of... | City Of Sistersville | Sistersville General Hospital | 6 |
| 2019-07-01 | West Virginia Health Care Cooperative Inc | Summersville Regional Medical Center | Summersville Regional Med Center | 25 |