Webster Memorial Hospital
dba Vandalia Health Webster Memorial Hospital ·
Webster Springs, Webster County, WV
· CCN 511301
Licensed to Webster Memorial Hospital Inc
Composite
53.4
rank score
Distress
78
FY2023
Fit
41
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $12.1M |
| Operating margin | -66.0% |
| Total margin | -55.6% |
| Days cash on hand | 21 |
| Current ratio | 1.93 |
| Occupancy | 8% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $59.5K |
| Per-bed (high) | $119K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $17.4M | $2.5M | -5.3% | 12.1% | 150 | 1.31 | 9% | 123 | 39 |
| 2022 | 25 | $14.9M | $-5.8M | -42.1% | -37.5% | 27 | 0.58 | 7% | 85 | 100 |
| 2023 | 25 | $12.1M | $-7.2M | -66.0% | -55.6% | 21 | 1.93 | 8% | 65 | 78 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Davis Health System | 5% or greater direct ownership interest | 100 | 2022-01 | chain |
| Vandalia Health Inc | operational/managerial control | 100 | 2023-12 | |
| Alissa Cayton | corporate officer | 2024-02 | ||
| Christopher Graham | corporate officer | 2017-07 | ||
| David Morris | corporate officer | 2022-07 | ||
| James Phares | corporate officer | 2016-06 | ||
| Jeffrey Sandene | corporate officer | 2023-12 | ||
| Jeffrey Sandene | corporate director | 2023-12 | ||
| Jeffrey Sandene | w-2 managing employee | 2023-12 | ||
| Karen Dotson | corporate officer | 2014-03 | ||
| Keith Hamrick | corporate officer | 2016-06 | ||
| Kevin Gessler | corporate officer | 2023-12 | ||
| Louise Hamrick | corporate officer | 2024-02 | ||
| Mary Anne Carpenter | corporate officer | 2023-12 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2022-01-01 | change of ownership | Webster Memorial Hospital Inc | Webster County Memorial Hospital |
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 |