Whitfield Regional Hospital
Demopolis, Marengo County, AL
· CCN 010112
Licensed to Tombigbee Healthcare Authority
Composite
53.2
rank score
Distress
72
FY2023
Fit
52
vs thesis
Estimated ticket
$3.3M–$6.6M
47 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin under 2%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 45-60%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $39.6M |
| Operating margin | -28.2% |
| Total margin | 0.7% |
| Days cash on hand | 6 |
| Current ratio | 0.74 |
| Occupancy | 50% |
Facility
| Beds | 47 |
| 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 | 41 | $28.9M | $12.4M | -17.9% | 26.8% | 214 | 1.33 | 38% | 1,017 | 41 |
| 2021 | 44 | $36.1M | $9.4M | -16.0% | 18.3% | 46 | 1.39 | 46% | 1,296 | 50 |
| 2022 | 47 | $38.7M | $-848K | -21.3% | -1.8% | 6 | 1.43 | 49% | 1,361 | 63 |
| 2023 | 47 | $39.6M | $380K | -28.2% | 0.7% | 6 | 0.74 | 50% | 1,455 | 72 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Douglas Brewer | operational/managerial control | 100 | 2018-07 | |
| Douglas Brooker | w-2 managing employee | 2015-08 |
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 |