Springhill Memorial Hospital
Mobile, Mobile County, AL
· CCN 010144
Licensed to Springhill Hospitals Inc
Composite
55.3
rank score
Distress
51
FY2023
Fit
81
vs thesis
Estimated ticket
$80.3M–$321M
189 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin negative
- total margin negative
- under 30 days cash on hand
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $226M |
| Operating margin | -4.5% |
| Total margin | -2.2% |
| Days cash on hand | 26 |
| Current ratio | 2.47 |
| Occupancy | 76% |
Facility
| Beds | 189 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 189 | $212M | $10.5M | -3.8% | 4.5% | 52 | 2.96 | 80% | 10,411 | 32 |
| 2021 | 189 | $224M | $5.3M | -1.3% | 2.3% | 48 | 2.89 | 82% | 9,602 | 32 |
| 2022 | 179 | $216M | $3.2M | -3.8% | 1.4% | 49 | 2.90 | 78% | 8,427 | 36 |
| 2023 | 189 | $226M | $-5.2M | -4.5% | -2.2% | 26 | 2.47 | 76% | 9,041 | 51 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Southern Medical Health Systems Inc | 5% or greater indirect ownership interest | 100 | 1983-11 | |
| Springhill Medical Complex Inc | 5% or greater direct ownership interest | 100 | 1984-08 | |
| Brian Sumrall | corporate director | 2020-01 | ||
| Celia Wallace | corporate director | 2007-05 | ||
| Gerald Wallace | corporate officer | 2012-01 | ||
| Jeffrey St Clair | corporate officer | 1983-08 | ||
| Jeffrey St Clair | corporate director | 1983-08 | ||
| Karen Wilson | corporate officer | 2012-01 | ||
| Kristen Wallace | corporate director | 2014-01 | ||
| Melanie Sigler | w-2 managing employee | 1997-11 | ||
| Michael Bindon | corporate director | 2019-01 | ||
| Paul Read | corporate director | 1990-05 | ||
| Rebecca Crawford | corporate officer | 2012-12 | ||
| Rene Areaux | corporate director | 2009-04 | ||
| Samantha Freeny | corporate director | 2022-01 | ||
| Springhill Health Services Inc | operational/managerial control | 1982-10 | ||
| Stephen Fischer | corporate director | 2024-10 | ||
| Stephen Fischer | operational/managerial control | 2024-10 | ||
| Timothy Hecker | corporate director | 2019-01 | ||
| Timothy Kaufman | corporate officer | 2014-01 |
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 |