Braxton County Memorial Hospital
Gassaway, Braxton County, WV
· CCN 511308
Licensed to Braxton County Memorial Hospital
Composite
35.3
rank score
Distress
42
FY2023
Fit
41
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin -10% to -5%
- 90-150 days cash on hand
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $24.3M |
| Operating margin | -8.0% |
| Total margin | 4.5% |
| Days cash on hand | 141 |
| Current ratio | 3.90 |
| Occupancy | 15% |
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 | $17.2M | $2.8M | -16.6% | 12.2% | 136 | 1.57 | 12% | 310 | 46 |
| 2021 | 25 | $23.7M | $4.9M | 11.1% | 18.9% | 176 | 2.19 | 16% | 375 | 9 |
| 2022 | 25 | $26.7M | $5.1M | 10.2% | 17.6% | 179 | 3.43 | 18% | 470 | 9 |
| 2023 | 25 | $24.3M | $1.2M | -8.0% | 4.5% | 141 | 3.90 | 15% | 420 | 42 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| West Virginia United Health System, Inc | 5% or greater indirect ownership interest | 100 | 2019-01 | |
| Barbara Adams | corporate director | 12 | 2007-07 | |
| Kimberly Knight | corporate director | 12 | 2014-01 | |
| Kimberly Knight | w-2 managing employee | 12 | 2014-01 | |
| Lawrence Boggs | corporate director | 12 | 2007-07 | |
| Richard Facemire | corporate director | 12 | 2007-07 | |
| Sally Howard | corporate director | 12 | 2007-07 | |
| Timothy Sodaro | corporate director | 12 | 2007-07 | |
| Danielle Heston-Raddish | w-2 managing employee | 2019-07 | ||
| Deborah Burge | w-2 managing employee | 2021-06 | ||
| Louis Roe | corporate director | 2022-01 | ||
| Louis Roe | w-2 managing employee | 2021-12 | ||
| Michael Tillman | corporate director | 2019-01 | ||
| Okey Silman | w-2 managing employee | 2019-07 | ||
| Robin Eckhart | w-2 managing employee | 2020-02 | ||
| Stephanie Frame | corporate officer | 2016-07 |
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 |