Jefferson Memorial Hospital
dba Jefferson Medical Center ·
Ranson, Jefferson County, WV
· CCN 511319
Licensed to Jefferson Memorial Hospital
Composite
27.6
rank score
Distress
17
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%
- margin deteriorating
- 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 | $89.6M |
| Operating margin | 9.9% |
| Total margin | 13.6% |
| Days cash on hand | 65 |
| Current ratio | 3.11 |
| Occupancy | 60% |
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 | $66.5M | $13.7M | 12.1% | 18.0% | 138 | 1.43 | 47% | 1,213 | 10 |
| 2021 | 25 | $82.7M | $22.0M | 19.8% | 24.9% | 172 | 2.45 | 67% | 1,331 | 0 |
| 2022 | 25 | $85.5M | $2.3M | 9.7% | 2.9% | 75 | 2.16 | 58% | 1,276 | 12 |
| 2023 | 25 | $89.6M | $12.7M | 9.9% | 13.6% | 65 | 3.11 | 60% | 1,332 | 17 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Albert Wright | corporate director | 2022-02 | ||
| Alice Frazier | corporate director | 2019-02 | ||
| Brian Romine | corporate director | 2017-01 | ||
| Chiquita Howard-Bostic | corporate director | 2015-08 | ||
| Dawn Jones | corporate director | 2015-05 | ||
| Dean Thomas | w-2 managing employee | 2021-01 | ||
| Deborah Burge | w-2 managing employee | 2021-06 | ||
| Douglas Roach | corporate officer | 2011-01 | ||
| Emma Morton-Eggleston | corporate director | 2017-01 | ||
| Grover Zach Kerns | w-2 managing employee | 2019-01 | ||
| Henry Kayes | corporate director | 2017-01 | ||
| Jackee Long | corporate director | 2012-01 | ||
| James Rogers | corporate director | 2018-04 | ||
| Marney Treese | corporate director | 2019-02 | ||
| Michael Edmond | corporate director | 2021-01 | ||
| Michael Londner | corporate director | 2021-01 | ||
| Susan Snowden | corporate director | 2019-02 | ||
| West Virginia United Health System, Inc | operational/managerial control | 2005-01 | ||
| West Virginia University Hospitals East 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 |