Roane General Hospital
Spencer, Roane County, WV
· CCN 511306
Licensed to Hospital Development Co.
Composite
36.7
rank score
Distress
45
FY2023
Fit
41
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- total margin under 2%
- under 30 days cash on hand
- occupancy below 30%
- 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 | $58.4M |
| Operating margin | -1.9% |
| Total margin | 0.6% |
| Days cash on hand | 24 |
| Current ratio | 1.56 |
| Occupancy | 27% |
Facility
| Beds | 25 |
| 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 | 25 | $34.8M | $-620K | -20.9% | -1.5% | 214 | 2.63 | 28% | 155 | 49 |
| 2021 | 25 | $43.5M | $2.6M | -7.3% | 5.2% | 75 | 1.56 | 33% | 217 | 38 |
| 2022 | 25 | $48.9M | $-2.4M | -13.1% | -4.6% | 32 | 1.71 | 28% | 251 | 66 |
| 2023 | 25 | $58.4M | $387K | -1.9% | 0.6% | 24 | 1.56 | 27% | 197 | 45 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Amy Downey | corporate director | 2019-02 | ||
| Amy Downey | w-2 managing employee | 2019-02 | ||
| Brent Watson | w-2 managing employee | 2015-03 | ||
| Douglas Bentz | corporate director | 2000-10 | ||
| Douglas Bentz | w-2 managing employee | 2000-10 | ||
| Gloria Atkinson | corporate director | 2007-09 | ||
| Jack Garrett | corporate director | 1995-06 | ||
| John Taylor | corporate director | 2002-03 | ||
| John Varda | corporate director | 1999-05 | ||
| Kevin Gaughan | corporate director | 2016-10 | ||
| Paul Hughes | corporate director | 1998-05 | ||
| William Downey | corporate director | 2001-05 |
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 |