University Of Alabama Hospital
Birmingham, Jefferson County, AL
· CCN 010033
Licensed to University Of Alabama At Birmingham
Already transacted. CMS recorded an ownership change effective
2025-08-01. Confirm the current owner before spending a call on this.
Composite
4.7
rank score
Distress
29
FY2023
Fit
52
vs thesis
Estimated ticket
$574M–$2.3B
1,149 beds ·
over envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- 90-150 days cash on hand
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- government-owned — public process likely
- changed ownership 2025-08-01 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $2.5B |
| Operating margin | -13.6% |
| Total margin | 9.1% |
| Days cash on hand | 123 |
| Current ratio | 5.70 |
| Occupancy | 90% |
Facility
| Beds | 1,149 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 1,076 | $1.9B | $138M | -8.3% | 6.4% | 180 | 3.61 | 81% | 44,963 | 22 |
| 2021 | 1,129 | $2.2B | $365M | -5.3% | 13.6% | 171 | 4.01 | 88% | 48,579 | 22 |
| 2022 | 1,138 | $2.3B | $-275M | -13.9% | -11.8% | 131 | 6.10 | 89% | 47,810 | 49 |
| 2023 | 1,149 | $2.5B | $287M | -13.6% | 9.1% | 123 | 5.70 | 90% | 47,857 | 29 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Dawn Bulgarella | corporate director | 2023-02 | ||
| Jennifer Schneider | w-2 managing employee | 2023-10 | ||
| Lou Baverso | corporate director | 2023-09 | ||
| Susan Jennings | w-2 managing employee | 2006-06 | ||
| University At Birmingham Health System Inc | operational/managerial control | 2010-09 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2025-08-01 | acquisition/merger | University Of Alabama At Birmingham | Uab Callahan Eye Hospital Authority |
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 |