Troy Regional Medical Center
Troy, Pike County, AL
· CCN 010126
Licensed to Troy Hospital Health Care Authority
Composite
33.9
rank score
Distress
37
FY2024
Fit
43
vs thesis
Estimated ticket
$4.1M–$8.2M
41 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin -10% to -5%
- 60-90 days cash on hand
- occupancy below 30%
- 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 · FY2024
| Net patient revenue | $40.9M |
| Operating margin | -6.6% |
| Total margin | 8.0% |
| Days cash on hand | 89 |
| Current ratio | 4.03 |
| Occupancy | 26% |
Facility
| Beds | 41 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 41 | $30.0M | $1.7M | -16.7% | 4.6% | 95 | 1.13 | 27% | 1,058 | 52 |
| 2022 | 41 | $35.1M | $5.2M | -15.3% | 11.3% | 109 | 2.30 | 26% | 921 | 46 |
| 2023 | 41 | $39.0M | $4.2M | -9.1% | 8.9% | 67 | 2.95 | 26% | 986 | 41 |
| 2024 | 41 | $40.9M | $3.8M | -6.6% | 8.0% | 89 | 4.03 | 26% | 921 | 37 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Troy Hospital Health Care Authority | 5% or greater direct ownership interest | 100 | 2010-01 | |
| Brenda Debose | corporate director | 2010-01 | ||
| Henry Myers | corporate officer | 2017-05 | ||
| Henry Myers | corporate director | 2017-05 | ||
| Rick Smith | w-2 managing employee | 2020-01 | ||
| Sherrill Crowe | corporate officer | 2010-01 | ||
| Sherrill Crowe | corporate director | 2010-01 | ||
| William Colquett | corporate director | 2010-01 |
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 |