dealflow
envelope $200M

← Targets

East Alabama Medical Center

Opelika, Lee County, AL · CCN 010029
Licensed to The East Alabama Health Care Authority

Composite
31.1
rank score
Distress
14
FY2023
Fit
62
vs thesis
Estimated ticket
$132M–$530M
265 beds · within envelope
Ownership
government
STH

Why it ranks here

  • operating margin negative
  • urban — higher occupancy and iteration surface
  • large — ticket likely stretches the envelope
  • ticket size well above the envelope
  • strong occupancy — good iteration surface
  • government-owned — public process likely

Latest financials · FY2023

Net patient revenue$419M
Operating margin -4.4%
Total margin 10.4%
Days cash on hand 162
Current ratio 8.60
Occupancy77%

Facility

Beds265
Facility typeSTH
Settingurban
Ownership classgovernment
Per-bed (low) $500K
Per-bed (high) $2.0M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 311 $342M $29.0M -9.2% 7.2% 189 3.16 68% 16,215 22
2021 311 $882M $499M 56.6% 56.6% 161 3.79 71% 15,455 0
2022 297 $400M $11.2M -6.5% 2.6% 130 8.46 72% 15,434 27
2023 265 $419M $50.8M -4.4% 10.4% 162 8.60 77% 12,527 14

Owners

OwnerRole%SinceType
Charles Alderman corporate director 2012-10
Dozier Smith T corporate director 2018-06
Hayley Welsh corporate director 2024-08
James Lock corporate director 2018-06
John Abrams corporate director 2024-10
Laura Grill corporate officer 2016-01
Lee Johnson corporate director 2024-10
Michael Williams corporate director 2024-10
Robert Dumas corporate director 2008-10
Samuel Price corporate officer 2013-10
Samuel Price corporate director 2007-12
Samuel Price w-2 managing employee 2007-12
Stanley Tucker corporate director 2021-10
Valerie Gray corporate director 2024-08
Vertrina Grubbs corporate director 2024-08

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.

DateBuyerSellerHospitalBeds
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