Fayette Medical Center
Fayette, Fayette County, AL
· CCN 010045
Licensed to Fayette Medical Center
Composite
52.8
rank score
Distress
79
FY2023
Fit
43
vs thesis
Estimated ticket
$2.5M–$4.9M
35 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- 60-90 days cash on hand
- current ratio below 0.8
- occupancy below 30%
- margin deteriorating sharply
- 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
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $23.0M |
| Operating margin | -36.5% |
| Total margin | -36.5% |
| Days cash on hand | 89 |
| Current ratio | 0.75 |
| Occupancy | 23% |
Facility
| Beds | 35 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 45 | $23.1M | $-126K | -15.0% | -0.5% | 78 | 0.92 | 21% | 582 | 63 |
| 2021 | 45 | $26.7M | $1.4M | -8.5% | 4.6% | 76 | 1.00 | 24% | 725 | 50 |
| 2022 | 32 | — | $-28.6M | — | — | — | — | 23% | 554 | — |
| 2023 | 35 | $23.0M | $-8.4M | -36.5% | -36.5% | 89 | 0.75 | 23% | 548 | 79 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| The Dch Healthcare Authority | operational/managerial control | 100 | 1996-08 | |
| Alex Dobbins | w-2 managing employee | 2023-12 | ||
| David Gay | corporate director | 2021-01 | ||
| David Herman | w-2 managing employee | 2025-10 | ||
| David Hudson | corporate officer | 2019-02 | ||
| James Harrison | corporate director | 2008-11 | ||
| Joe Bedwell | w-2 managing employee | 2024-01 | ||
| Joseph Colquitt | corporate director | 2008-11 | ||
| Lewis Standeffer | corporate director | 2008-11 | ||
| Lewis Standeffer | w-2 managing employee | 2008-11 | ||
| Rodney Clark | w-2 managing employee | 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.
| 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 |