Athens Limestone
dba Athens Limestone Hospital ·
Athens, Limestone County, AL
· CCN 010079
Licensed to Hh-Health System - Athens Limestone Llc
Composite
59.6
rank score
Distress
72
FY2024
Fit
68
vs thesis
Estimated ticket
$23.1M–$92.4M
66 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size somewhat below the envelope
- moderate occupancy
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $92.2M |
| Operating margin | -23.2% |
| Total margin | -8.3% |
| Days cash on hand | 1 |
| Current ratio | 2.34 |
| Occupancy | 59% |
Facility
| Beds | 66 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 66 | $82.3M | $13.5M | -8.8% | 13.1% | 3 | 2.43 | 57% | 3,857 | 47 |
| 2022 | 66 | $86.6M | $3.7M | -14.6% | 3.6% | 1 | 2.90 | 61% | 3,689 | 50 |
| 2023 | 66 | $88.9M | $-2.2M | -20.9% | -2.1% | 2 | 3.42 | 59% | 3,825 | 60 |
| 2024 | 66 | $92.2M | $-8.7M | -23.2% | -8.3% | 1 | 2.34 | 59% | 3,992 | 72 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Clinton Carter | corporate officer | 2021-10 | ||
| Clinton Carter | w-2 managing employee | 2021-10 | ||
| James Comer | w-2 managing employee | 2016-01 | ||
| Jeffrey Samz | corporate officer | 2021-10 | ||
| Jeffrey Samz | w-2 managing employee | 2021-10 | ||
| Traci Collins | corporate officer | 2021-10 | ||
| Traci Collins | w-2 managing employee | 2021-10 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2016-01-01 | change of ownership | Hh-Health System - Athens Limestone Llc | Healthcare Authority Of Athens... |
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 |