Hampshire Memorial Hospital
Romney, Hampshire County, WV
· CCN 511311
Licensed to Hampshire Memorial Hospital, Inc.
Composite
29.5
rank score
Distress
22
FY2023
Fit
49
vs thesis
Estimated ticket
$1.2M–$2.4M
14 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- occupancy 45-60%
- urban — higher occupancy and iteration surface
- very small facility
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $36.8M |
| Operating margin | 4.5% |
| Total margin | 8.4% |
| Days cash on hand | 18 |
| Current ratio | 1.56 |
| Occupancy | 58% |
Facility
| Beds | 14 |
| Facility type | CAH |
| Setting | urban |
| 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 | 14 | $25.4M | $-1.6M | -15.6% | -5.4% | 42 | 1.35 | 43% | 207 | 66 |
| 2021 | 14 | $28.0M | $-1.4M | -9.1% | -4.8% | 78 | 1.32 | 45% | 284 | 54 |
| 2022 | 14 | $32.4M | $1.4M | -1.7% | 4.1% | 20 | 0.89 | 56% | 335 | 49 |
| 2023 | 14 | $36.8M | $3.3M | 4.5% | 8.4% | 18 | 1.56 | 58% | 371 | 22 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jill Chambers | w-2 managing employee | 2017-09 | ||
| Robert Amos | corporate officer | 2009-10 | ||
| Valley Health System | 5% or greater direct ownership interest | 2008-01 | ||
| Valley Health System | operational/managerial control | 2008-01 |
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 |