Elmore Community Hospital
Wetumpka, Elmore County, AL
· CCN 010097
Licensed to Ivy Creek Of Elmore Llc
Composite
62.0
rank score
Distress
85
FY2023
Fit
59
vs thesis
Estimated ticket
$11.6M–$46.2M
33 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin below -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
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $13.1M |
| Operating margin | -35.5% |
| Total margin | -19.5% |
| Days cash on hand | — |
| Current ratio | — |
| Occupancy | 26% |
Facility
| Beds | 33 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| 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 | 33 | $12.0M | $589K | -38.9% | 3.4% | 27 | -0.63 | 47% | 785 | 66 |
| 2021 | 33 | $16.2M | $5.0M | -9.7% | 21.9% | 12 | -0.50 | 37% | 849 | 63 |
| 2022 | 33 | $13.5M | $-1.5M | -28.5% | -9.6% | 11 | -0.74 | 30% | 810 | 86 |
| 2023 | 33 | $13.1M | $-2.9M | -35.5% | -19.5% | — | — | 26% | 868 | 85 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ivy Creek Of Elmore Llc | 5% or greater direct ownership interest | 100 | 2000-06 | |
| Michael Bruce | 5% or greater direct ownership interest | 100 | 2011-03 | |
| Michael Bruce | operational/managerial control | 100 | 2011-03 | |
| Seven Oaks Holdings | 5% or greater direct ownership interest | 49 | 2012-07 | |
| Gerald Sweeney | 5% or greater indirect ownership interest | 24 | 2012-07 | |
| Robert England | 5% or greater indirect ownership interest | 24 | 2012-07 |
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 |