William R Sharpe Jr Hospital
dba Weston State Hospital ·
Weston, Lewis County, WV
· CCN 514012
Licensed to William R Sharpe Jr Hospital
Composite
60.5
rank score
Distress
82
FY2024
Fit
59
vs thesis
Estimated ticket
$7.7M–$15.4M
200 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
- margin deteriorating sharply
- rural — cheaper but limited density
- specialty facility — narrower problem scope
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $11.4M |
| Operating margin | -997.2% |
| Total margin | -901.1% |
| Days cash on hand | 0 |
| Current ratio | 0.22 |
| Occupancy | 70% |
Facility
| Beds | 200 |
| Facility type | PH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $38.5K |
| Per-bed (high) | $77.0K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 200 | $16.8M | $5.6M | -420.9% | 6.0% | 1 | 0.76 | 79% | 602 | 63 |
| 2022 | 200 | $12.5M | $-15.8M | -805.5% | -16.2% | 0 | 0.18 | 85% | 879 | 80 |
| 2023 | 200 | $7.2M | $-111M | -1,541.4% | -662.8% | 0 | 0.30 | 89% | 974 | 80 |
| 2024 | 200 | $11.4M | $-112M | -997.2% | -901.1% | 0 | 0.22 | 70% | 737 | 82 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bill Crouch | operational/managerial control | 100 | 1994-05 | |
| Bill Crouch | other | 100 | 2018-07 | |
| William R Sharpe Jr Hospital | 5% or greater direct ownership interest | 100 | 1994-05 | |
| Patrick Ryan | corporate director | 95 | 2015-08 | |
| Michelle Markovich | operational/managerial control | 45 | 2016-04 | |
| Bill Crouch | corporate officer | 2018-07 | ||
| Bill Crouch | corporate director | 2018-07 | ||
| Bill Crouch | w-2 managing employee | 2018-07 |
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 |