Hale County Hospital
Greensboro, Hale County, AL
· CCN 010095
Licensed to Hale County Hospital
Composite
56.8
rank score
Distress
79
FY2023
Fit
53
vs thesis
Estimated ticket
$9.8M–$39.2M
28 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- 60-90 days cash on hand
- current ratio below 0.8
- occupancy below 30%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- small but workable bed count
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $9.5M |
| Operating margin | -33.1% |
| Total margin | -8.7% |
| Days cash on hand | 87 |
| Current ratio | -1.29 |
| Occupancy | 19% |
Facility
| Beds | 28 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 39 | $7.0M | $-69.1K | -29.3% | -0.8% | 375 | 1.29 | 12% | 348 | 56 |
| 2021 | 39 | $9.0M | $3.3M | -28.3% | 22.2% | 226 | 3.12 | 14% | 426 | 41 |
| 2022 | 28 | $7.5M | $-2.2M | -55.7% | -22.8% | 180 | 2.59 | 16% | 384 | 64 |
| 2023 | 28 | $9.5M | $-1.0M | -33.1% | -8.7% | 87 | -1.29 | 19% | 326 | 79 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bernard Martin | corporate director | 2012-11 | ||
| Cynthia Barnette | corporate director | 2012-05 | ||
| Dianne Bruner | w-2 managing employee | 2024-03 | ||
| Ethel Miller | corporate director | 2022-11 | ||
| Hale County Healthcare Authority | operational/managerial control | 1996-11 | ||
| Jack Weeden | corporate director | 2021-10 | ||
| John Dorsey | corporate director | 2011-10 | ||
| Lorrie Cook | corporate director | 2018-02 | ||
| Meghan Bonds | corporate director | 2021-12 | ||
| Tiffany Fondren | w-2 managing employee | 2024-08 | ||
| Tiffany Fondren | operational/managerial control | 2021-10 | ||
| Tony Lee | corporate director | 2009-03 | ||
| Ulysess Johnson | corporate director | 1996-05 |
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 |