Providence Hospital
dba Usa Health Providence Hospital ·
Mobile, Mobile County, AL
· CCN 010090
Licensed to Usa Health Hca Providence Hospital Llc
Already transacted. CMS recorded an ownership change effective
2023-10-01. Confirm the current owner before spending a call on this.
Composite
19.4
rank score
Distress
68
FY2023
Fit
62
vs thesis
Estimated ticket
$148M–$593M
349 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- under 30 days cash on hand
- current ratio below 0.8
- debt above 85% of assets
- occupancy 45-60%
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size well above the envelope
- moderate occupancy
- nonprofit — expect AG conversion review
- changed ownership 2023-10-01 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $247M |
| Operating margin | -5.0% |
| Total margin | -2.9% |
| Days cash on hand | 0 |
| Current ratio | 0.39 |
| Occupancy | 53% |
Facility
| Beds | 349 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 349 | $251M | $-37.2M | 5.9% | -14.7% | 0 | 0.23 | 55% | 12,846 | 66 |
| 2022 | 349 | $247M | $-7.0M | -5.1% | -2.8% | 3 | 0.35 | 54% | 12,024 | 76 |
| 2023 | 349 | $247M | $-7.3M | -5.0% | -2.9% | 0 | 0.39 | 53% | 13,071 | 68 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| University Of South Alabama | 5% or greater indirect ownership interest | 100 | 2023-10 | |
| University Of South Alabama Health Care Authority | 5% or greater direct ownership interest | 100 | 2023-10 | |
| Kristen Roberts | corporate director | 50 | 2025-03 | |
| Kristen Roberts | w-2 managing employee | 50 | 2025-03 | |
| Natalie Fox | corporate director | 50 | 2025-05 | |
| Natalie Fox | w-2 managing employee | 50 | 2025-05 | |
| Andrea Kent | corporate director | 2023-10 | ||
| Arlene Mitchell | corporate director | 2023-10 | ||
| Charles Smith | corporate director | 2023-10 | ||
| Chris Vinet | corporate director | 2023-10 | ||
| Jinni Frisbey | corporate director | 2023-10 | ||
| John Marymont | corporate director | 2023-10 | ||
| Josiah Bonner | corporate director | 2023-10 | ||
| Mona Spenser | corporate director | 2023-10 | ||
| Polly Stokley | corporate director | 2023-10 | ||
| Vincent Walker | corporate director | 2023-10 | ||
| William Starling | corporate director | 2023-10 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2023-10-01 | change of ownership | Usa Health Hca Providence Hospital Llc | Providence Hospital |
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 |