Cherokee Medical Center
dba Atrium Health Floyd Cherokee Medical Center ·
Centre, Cherokee County, AL
· CCN 010022
Licensed to Floyd Cherokee Medical Center Llc
Composite
23.9
rank score
Distress
8
FY2023
Fit
46
vs thesis
Estimated ticket
$4.5M–$9.0M
45 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- occupancy below 30%
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $15.5M |
| Operating margin | 6.4% |
| Total margin | 9.9% |
| Days cash on hand | 188 |
| Current ratio | 3.55 |
| Occupancy | 27% |
Facility
| Beds | 45 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 45 | $14.6M | $946K | -4.4% | 5.8% | 41 | 0.36 | 26% | 880 | 66 |
| 2022 | 45 | $18.6M | $3.0M | 6.0% | 14.7% | 0 | -6.86 | 27% | 1,047 | 44 |
| 2023 | 45 | $15.5M | $1.6M | 6.4% | 9.9% | 188 | 3.55 | 27% | 985 | 8 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ah Georgia Inc | 5% or greater indirect ownership interest | 100 | 2021-07 | |
| Floyd Healthcare Management Inc | 5% or greater direct ownership interest | 100 | 2007-11 | chain |
| The Charlotte-Mecklenburg Hospital Authority | 5% or greater indirect ownership interest | 100 | 2021-07 | |
| Advocate Health Inc | operational/managerial control | 2022-12 | ||
| Atrium Health Inc | operational/managerial control | 2021-07 | ||
| Carl Herring | corporate director | 2024-07 | ||
| Chad Hopper | corporate officer | 2018-06 | ||
| Chad Hopper | corporate director | 2018-06 | ||
| James Howell | corporate director | 2018-06 | ||
| John Ellis | corporate director | 2022-07 | ||
| Johna Lindsey | corporate director | 2018-06 | ||
| Kay Chumbler | corporate officer | 2018-06 | ||
| Kay Chumbler | corporate director | 2018-06 | ||
| Kurt Stuenkel | corporate officer | 2018-06 | ||
| Mathew Gorman | corporate director | 2022-07 | ||
| Tifani Kinard | corporate director | 2022-06 | ||
| Tifani Kinard | w-2 managing employee | 2022-06 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2018-06-01 | change of ownership | Floyd Cherokee Medical Center Llc | Centre Hospital Corporation |
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 |