Community Hospital Inc.
Tallassee, Elmore County, AL
· CCN 010034
Licensed to Community Hospital Inc
Composite
62.9
rank score
Distress
90
FY2023
Fit
56
vs thesis
Estimated ticket
$12.9M–$51.8M
37 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy below 30%
- urban — higher occupancy and iteration surface
- small but workable bed count
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $16.3M |
| Operating margin | -24.7% |
| Total margin | -16.4% |
| Days cash on hand | 1 |
| Current ratio | 0.12 |
| Occupancy | 18% |
Facility
| Beds | 37 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 37 | $15.6M | $-3.3M | -26.5% | -20.0% | 144 | 0.66 | 25% | 525 | 82 |
| 2021 | 37 | $15.3M | $-3.0M | -35.7% | -16.6% | — | — | 19% | 366 | 100 |
| 2022 | 37 | $14.6M | $-2.2M | -34.0% | -12.8% | 12 | 0.49 | 15% | 350 | 100 |
| 2023 | 37 | $16.3M | $-2.9M | -24.7% | -16.4% | 1 | 0.12 | 18% | 470 | 90 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jennie Rhinehart | w-2 managing employee | 2007-11 | ||
| Lee Greer | w-2 managing employee | 2007-11 |
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 |