Shelby Baptist Medical Center
dba Baptist Health Shelby Hospital ·
Alabaster, Shelby County, AL
· CCN 010016
Licensed to Bbh Sbmc, Llc
Composite
55.9
rank score
Distress
57
FY2023
Fit
71
vs thesis
Estimated ticket
$90.1M–$360M
212 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin negative
- total margin -8% to -3%
- under 30 days cash on hand
- occupancy 45-60%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size at the top of the envelope — would need leverage
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $158M |
| Operating margin | -4.8% |
| Total margin | -3.3% |
| Days cash on hand | 9 |
| Current ratio | 1.63 |
| Occupancy | 47% |
Facility
| Beds | 212 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 212 | $165M | $21.2M | 7.6% | 12.3% | 10 | 1.12 | 62% | 9,242 | 26 |
| 2021 | 212 | $171M | $11.3M | 3.1% | 6.4% | 3 | 1.03 | 57% | 7,949 | 28 |
| 2022 | 212 | $161M | $3.3M | -0.9% | 2.0% | 7 | 1.55 | 50% | 6,994 | 43 |
| 2023 | 212 | $158M | $-5.3M | -4.8% | -3.3% | 9 | 1.63 | 47% | 7,249 | 57 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Brookwood Baptist Health 2, Llc | 5% or greater direct ownership interest | 100 | 2015-10 | |
| Orlando Health Inc | 5% or greater indirect ownership interest | 100 | 2024-10 | chain |
| Alabama Healthcare Holdings, Llc | 5% or greater indirect ownership interest | 80 | 2024-10 | |
| Baptist Health System Inc | 5% or greater indirect ownership interest | 20 | 2024-10 | |
| Holly Dean | w-2 managing employee | 2022-09 | ||
| John Miller | corporate director | 2024-10 | ||
| John Miller | w-2 managing employee | 2024-10 | ||
| Michele Napier | corporate officer | 2024-10 | ||
| Michele Napier | w-2 managing employee | 2024-10 | ||
| Orlando Health Inc | operational/managerial control | 2024-10 | chain |
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 AL
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 |
|---|---|---|---|---|
| 2025-08-01 | University Of Alabama At Birmingham | Uab Callahan Eye Hospital Authority | University Of Alabama Hospital | 1,149 |
| 2025-05-01 | Marion Regional Health - Winfield, Inc. | Northwest Medical Center Inc. | Northwest Medical Center | 28 |
| 2024-09-30 | City Of Jackson Healthcare Authority | Jackson Medical Center, Llc | Jackson Medical Center | 35 |
| 2024-04-01 | Hh Health System - Dekalb Llc | Fort Payne Hospital Corporation | Dekalb Regional Medical Center | 97 |
| 2023-10-01 | Usa Health Hca Providence Hospital Llc | Providence Hospital | Providence Hospital | 349 |
| 2021-10-01 | Hh Health System - Jackson Llc | Jackson County Health Care Authority | Highlands Medical Center | 45 |
| 2018-06-01 | Floyd Cherokee Medical Center Llc | Centre Hospital Corporation | Cherokee Medical Center | 45 |
| 2017-11-01 | The Health Care Authority Of The... | Greenville Hospital Corporation | Regional Medical Ctr Of Central Al | 44 |
| 2016-01-01 | Hh-Health System - Athens Limestone Llc | Healthcare Authority Of Athens And... | Athens Limestone | 66 |