Plateau Medical Center
dba Camc Plateau Medical Center ·
Oak Hill, Fayette County, WV
· CCN 511317
Licensed to Camc Plateau Medical Center, Inc.
Already transacted. CMS recorded an ownership change effective
2023-04-01. Confirm the current owner before spending a call on this.
Composite
15.1
rank score
Distress
53
FY2023
Fit
48
vs thesis
Estimated ticket
$1.8M–$3.6M
25 beds ·
within envelope
Ownership
for-profit
CAH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy 30-45%
- margin deteriorating
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- for-profit — no charitable conversion review
- changed ownership 2023-04-01 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $12.3M |
| Operating margin | 36.7% |
| Total margin | 36.8% |
| Days cash on hand | 0 |
| Current ratio | 0.43 |
| Occupancy | 40% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $72.2K |
| Per-bed (high) | $144K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $34.3M | $16.2M | 34.1% | 41.7% | 0 | -0.12 | 38% | 645 | 41 |
| 2021 | 25 | $41.9M | $16.0M | 37.2% | 37.9% | 0 | -0.10 | 43% | 751 | 41 |
| 2022 | 25 | $46.1M | $19.1M | 41.4% | 41.4% | 0 | -0.10 | 39% | 640 | 41 |
| 2023 | 25 | $12.3M | $4.5M | 36.7% | 36.8% | 0 | 0.43 | 40% | 147 | 53 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Vandalia Health Inc | 5% or greater direct ownership interest | 100 | 2022-12 | |
| Chad Hovis | corporate director | 2022-12 | ||
| Chad Hovis | w-2 managing employee | 2022-12 | ||
| David Ramsey | corporate director | 2022-12 | ||
| David Ramsey | w-2 managing employee | 2022-12 | ||
| Glenn Crotty | corporate director | 2022-12 | ||
| Glenn Crotty | w-2 managing employee | 2022-12 | ||
| Jeffrey Sandene | corporate director | 2022-12 | ||
| Jeffrey Sandene | w-2 managing employee | 2022-12 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2023-04-01 | change of ownership | Camc Plateau Medical Center, Inc. | Oak Hill Hospital Corporation |
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 |