Decatur Morgan - Decatur Campus
dba Decatur Morgan Hospital - Decatur Campus ·
Decatur, Morgan County, AL
· CCN 010085
Licensed to Hh Health System - Morgan, Llc
Composite
61.9
rank score
Distress
93
FY2024
Fit
50
vs thesis
Estimated ticket
$21.7M–$43.4M
310 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- large — ticket likely stretches the envelope
- small ticket — deploys little of the available capital
- thin occupancy
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $179M |
| Operating margin | -18.5% |
| Total margin | -4.6% |
| Days cash on hand | 1 |
| Current ratio | -4.02 |
| Occupancy | 35% |
Facility
| Beds | 310 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 305 | $191M | $2.8M | -10.9% | 1.3% | 2 | -0.48 | 40% | 8,318 | 77 |
| 2022 | 288 | $173M | $2.0M | -11.5% | 1.0% | 2 | -1.20 | 44% | 8,672 | 77 |
| 2023 | 310 | $170M | $-17.4M | -22.6% | -9.1% | 0 | -3.86 | 37% | 8,271 | 97 |
| 2024 | 310 | $179M | $-9.3M | -18.5% | -4.6% | 1 | -4.02 | 35% | 8,098 | 93 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Kelli Powers | w-2 managing employee | 100 | 2015-07 | |
| Doug Dewberry | w-2 managing employee | 2022-03 |
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 |