Northeast Alabama Regional Med Ctr
dba Northeast Alabama Regional Medical Center ·
Anniston, Calhoun County, AL
· CCN 010078
Licensed to The Health Care Authority Of The City Of Anniston
Composite
54.7
rank score
Distress
70
FY2023
Fit
58
vs thesis
Estimated ticket
$20.6M–$41.3M
295 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin negative
- under 30 days cash on hand
- current liabilities exceed current assets
- margin deteriorating sharply
- rural — cheaper but limited density
- large — ticket likely stretches the envelope
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $212M |
| Operating margin | -10.5% |
| Total margin | -0.5% |
| Days cash on hand | 14 |
| Current ratio | 0.95 |
| Occupancy | 60% |
Facility
| Beds | 295 |
| 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 | 272 | $159M | $10.2M | -3.9% | 5.8% | 136 | 2.24 | 50% | 11,627 | 22 |
| 2021 | 272 | $170M | $16.7M | -6.8% | 8.4% | 51 | 4.94 | 56% | 11,116 | 41 |
| 2022 | 295 | $209M | $-4.8M | -11.8% | -2.1% | 90 | 2.99 | 56% | 11,697 | 48 |
| 2023 | 295 | $212M | $-1.2M | -10.5% | -0.5% | 14 | 0.95 | 60% | 12,678 | 70 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Hinton Owsley | 5% or greater indirect ownership interest | 2021-05 | ||
| Hinton Owsley | corporate director | 2021-05 | ||
| Karen Hill | corporate director | 2012-12 | ||
| Karen Hill | w-2 managing employee | 2012-12 | ||
| Kim Williamson | corporate director | 2012-01 | ||
| Kim Williamson | w-2 managing employee | 2012-01 | ||
| Kimberly Campbell | corporate director | 2025-02 | ||
| Sandra Sudduth | corporate director | 2007-08 | ||
| The Health Care Authority Of The City Of Anniston | operational/managerial control | 1974-05 |
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 |