dealflow
envelope $200M

← Targets

Jackson Medical Center

Jackson, Clarke County, AL · CCN 010128
Licensed to City Of Jackson Healthcare Authority

Already transacted. CMS recorded an ownership change effective 2024-09-30. Confirm the current owner before spending a call on this.
Composite
15.8
rank score
Distress
57
FY2023
Fit
49
vs thesis
Estimated ticket
$3.0M–$6.0M
35 beds · within envelope
Ownership
for-profit
STH

Why it ranks here

  • operating margin negative
  • under 30 days cash on hand
  • current liabilities exceed current assets
  • debt above 85% of assets
  • 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
  • for-profit — no charitable conversion review
  • changed ownership 2024-09-30 — likely already transacted

Latest financials · FY2023

Net patient revenue$14.1M
Operating margin -2.6%
Total margin 11.4%
Days cash on hand 21
Current ratio 0.89
Occupancy17%

Facility

Beds35
Facility typeSTH
Settingrural
Ownership classfor-profit
Per-bed (low) $85.0K
Per-bed (high) $170K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 35 $12.1M $550K -19.1% 3.7% 97 0.50 25% 724 66
2021 35 $13.0M $1.1M -21.1% 6.4% 44 0.60 24% 666 78
2022 35 $11.4M $-1.1M -30.2% -8.1% 28 0.31 17% 538 100
2023 35 $14.1M $1.9M -2.6% 11.4% 21 0.89 17% 530 57

Owners

OwnerRole%SinceType
City Of Jackson Health Care Authority
Jackson, AL
operational/managerial control 100 2024-09
Jennifer Ryland w-2 managing employee 100 2024-09
Bobby Brooks corporate director 33 2024-09
Grady Bedwell corporate director 33 2024-09
Donna Holly corporate officer 2025-02
Shannon Odom corporate officer 2025-07
Steve Sheffield corporate officer 2025-07

Ownership changes

DateTypeBuyerSeller
2024-09-30 change of ownership City Of Jackson Healthcare Authority Jackson Medical Center, Llc

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.

DateBuyerSellerHospitalBeds
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