Potomac Valley Hospital
Keyser, Mineral County, WV
· CCN 511315
Licensed to Potomac Valley Hospital Of W Va , Inc
Composite
24.9
rank score
Distress
11
FY2023
Fit
50
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- 60-90 days cash on hand
- occupancy 45-60%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $79.9M |
| Operating margin | 10.6% |
| Total margin | 9.9% |
| Days cash on hand | 81 |
| Current ratio | 2.58 |
| Occupancy | 47% |
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 | $34.2M | $3.8M | -3.0% | 9.8% | 46 | 0.97 | 41% | 704 | 54 |
| 2021 | 25 | $51.2M | $6.3M | 9.5% | 11.9% | 47 | 1.35 | 49% | 969 | 27 |
| 2022 | 25 | $69.5M | $10.4M | 16.2% | 14.5% | 72 | 2.08 | 55% | 1,045 | 12 |
| 2023 | 25 | $79.9M | $8.2M | 10.6% | 9.9% | 81 | 2.58 | 47% | 1,038 | 11 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Deborah Burge | w-2 managing employee | 2021-06 | ||
| Dinah Courrier | corporate director | 2019-11 | ||
| Frances Jones | corporate director | 2018-11 | ||
| Harshad Bokil | corporate director | 2023-09 | ||
| Jerry Whisner | corporate director | 2017-09 | ||
| Kevin Clark | corporate director | 2018-03 | ||
| Lewis Kitzmiller | corporate director | 2022-07 | ||
| Marjorie Fridkin | corporate director | 2023-09 | ||
| Mark Boucot | corporate officer | 2018-01 | ||
| Okey Silman | w-2 managing employee | 2019-07 | ||
| Robin Haupt | corporate director | 2017-09 | ||
| Sue Wells | w-2 managing employee | 2014-04 | ||
| West Virginia United Health System, Inc | operational/managerial control | 2005-01 |
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 |