Jackson General Hospital
Ripley, Jackson County, WV
· CCN 511320
Licensed to Community Health Association
Composite
24.5
rank score
Distress
9
FY2023
Fit
51
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- 90-150 days cash on hand
- occupancy 30-45%
- urban — higher occupancy and iteration surface
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $47.5M |
| Operating margin | 6.2% |
| Total margin | 11.5% |
| Days cash on hand | 147 |
| Current ratio | 2.19 |
| Occupancy | 38% |
Facility
| Beds | 25 |
| 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 | 25 | $28.0M | $2.3M | -9.0% | 7.1% | 75 | 2.28 | 34% | 392 | 38 |
| 2021 | 25 | $37.4M | $2.9M | 3.2% | 7.4% | 89 | 1.71 | 42% | 433 | 16 |
| 2022 | 25 | $47.9M | $7.3M | 12.6% | 14.9% | 169 | 1.68 | 47% | 565 | 2 |
| 2023 | 25 | $47.5M | $5.8M | 6.2% | 11.5% | 147 | 2.19 | 38% | 588 | 9 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| West Virginia United Health System, Inc | 5% or greater indirect ownership interest | 100 | 2022-10 | |
| West Virginia University Hospitals Inc | 5% or greater direct ownership interest | 100 | 2022-10 | |
| Brenda Greene | w-2 managing employee | 2011-01 | ||
| Candace Miller | other | 2024-07 | ||
| Carl Overmiller | corporate director | 2020-10 | ||
| Carl Westfall | corporate director | 2017-03 | ||
| Carolyn Rader | corporate director | 2017-03 | ||
| Carroll Corder | corporate director | 2011-01 | ||
| Deborah Burge | w-2 managing employee | 2021-06 | ||
| Donald Rake | corporate director | 2003-03 | ||
| Frederick Parsons | corporate director | 2014-05 | ||
| James Hughes | corporate director | 2001-03 | ||
| James Hunter | corporate director | 2006-03 | ||
| Jamion Wolford | corporate director | 2016-03 | ||
| John Gorrell | corporate director | 2006-05 | ||
| Michael Casdorph | corporate director | 2018-10 | ||
| Michael Ritchie | corporate director | 2011-03 | ||
| Robert Fisher | corporate director | 2004-03 | ||
| Rodney Felty | corporate director | 2020-04 | ||
| Sarah Brown | corporate director | 2014-05 | ||
| Veronica Lewis | corporate director | 2022-04 | ||
| William Smith | other | 2024-06 |
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 |