Northwest Medical Center
dba North Mississippi Health Services-South Marion ·
Winfield, Marion County, AL
· CCN 010086
Licensed to Marion Regional Health - Winfield, Inc.
Already transacted. CMS recorded an ownership change effective
2025-05-01. Confirm the current owner before spending a call on this.
Composite
18.0
rank score
Distress
69
FY2023
Fit
46
vs thesis
Estimated ticket
$2.4M–$4.8M
28 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin under 2%
- under 30 days cash on hand
- current ratio under 1.5
- occupancy below 30%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- 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
- nonprofit — expect AG conversion review
- changed ownership 2025-05-01 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $23.7M |
| Operating margin | -16.1% |
| Total margin | 0.0% |
| Days cash on hand | 17 |
| Current ratio | 1.41 |
| Occupancy | 30% |
Facility
| Beds | 28 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 28 | $23.3M | $1.9M | -6.2% | 7.1% | 105 | 1.09 | 35% | 943 | 36 |
| 2021 | 28 | $24.9M | $3.9M | -4.9% | 12.9% | 87 | 2.67 | 38% | 866 | 31 |
| 2022 | 28 | $23.8M | $223K | -12.1% | 0.8% | 54 | 2.04 | 35% | 909 | 53 |
| 2023 | 28 | $23.7M | $7.1K | -16.1% | 0.0% | 17 | 1.41 | 30% | 856 | 69 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| North Mississippi Health Services Inc | 5% or greater direct ownership interest | 100 | 2025-05 | chain |
| North Mississippi Health Services Inc | operational/managerial control | 100 | 2025-05 | chain |
| Bruce Toppin | corporate officer | 2025-05 | ||
| Bruce Toppin | corporate director | 2025-05 | ||
| Cathy Mitchell | w-2 managing employee | 2025-05 | ||
| Michael Spees | corporate officer | 2025-05 | ||
| Michael Spees | corporate director | 2025-05 | ||
| Sharon Nobles | corporate officer | 2025-05 | ||
| Sharon Nobles | corporate director | 2025-05 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2025-05-01 | change of ownership | Marion Regional Health - Winfield, Inc. | Northwest Medical Center Inc. |
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 |