D W Mcmillan Memorial Hospital
Brewton, Escambia County, AL
· CCN 010099
Licensed to D.w. Mcmillan Memorial Hospital
Composite
52.3
rank score
Distress
78
FY2023
Fit
43
vs thesis
Estimated ticket
$3.2M–$6.4M
46 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- 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
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $31.6M |
| Operating margin | -25.3% |
| Total margin | -15.5% |
| Days cash on hand | 1 |
| Current ratio | 1.63 |
| Occupancy | 20% |
Facility
| Beds | 46 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 46 | $23.6M | $-2.1M | -23.8% | -7.3% | 28 | 1.09 | 30% | 1,394 | 71 |
| 2021 | 46 | $31.0M | $3.8M | -19.0% | 8.9% | 22 | 2.43 | 31% | 1,294 | 56 |
| 2022 | 46 | $30.8M | $-3.2M | -24.6% | -8.5% | 7 | 2.10 | 26% | 1,122 | 76 |
| 2023 | 46 | $31.6M | $-5.8M | -25.3% | -15.5% | 1 | 1.63 | 20% | 1,089 | 78 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jeffrey Booth | corporate officer | 100 | 2021-09 | |
| Stephen Fischer | corporate officer | 2021-09 | ||
| Stephen Fischer | w-2 managing employee | 2021-09 | ||
| Susan Hines | corporate director | 2021-09 |
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 |