Mildred Mitchell-Bateman Hospital
Huntington, WV
· CCN 514009
Licensed to Mildred Mitchell Bateman Hospital
Composite
71.4
rank score
Distress
92
FY2024
Fit
75
vs thesis
Estimated ticket
$21.2M–$84.7M
110 beds ·
within envelope
Ownership
government
PH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $16.7M |
| Operating margin | -269.2% |
| Total margin | -268.4% |
| Days cash on hand | 0 |
| Current ratio | 0.13 |
| Occupancy | 85% |
Facility
| Beds | 110 |
| Facility type | PH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $192K |
| Per-bed (high) | $770K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 110 | $10.0M | $4.0M | -378.4% | 7.8% | 0 | 1.41 | 82% | 350 | 58 |
| 2022 | 110 | $13.1M | $-2.5M | -285.6% | -5.1% | 0 | 0.18 | 87% | 480 | 87 |
| 2023 | 110 | $3.3M | $-51.0M | -1,596.1% | -368.8% | 0 | 0.14 | 93% | 302 | 91 |
| 2024 | 110 | $16.7M | $-45.0M | -269.2% | -268.4% | 0 | 0.13 | 85% | 409 | 92 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Lucille Gedies | corporate officer | 100 | 2012-06 | |
| Lucille Gedies | operational/managerial control | 100 | 2012-06 | |
| Lucille Gedies | w-2 managing employee | 2012-06 | ||
| Mildred Mitchell Bateman Hospital | operational/managerial control | 2011-04 |
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 |
|---|---|---|---|---|
| 2020-07-01 | Summit Bhc West Virginia Llc | Mbh Highland Llc | Highland Hospital | 115 |