dealflow
envelope $200M

← Targets

Atmore Community Hospital

Atmore, Escambia County, AL · CCN 010169
Licensed to Escambia County Alabama Community Hospitals, Inc

Composite
53.0
rank score
Distress
77
FY2023
Fit
46
vs thesis
Estimated ticket
$3.4M–$6.9M
49 beds · within envelope
Ownership
nonprofit
STH

Why it ranks here

  • operating margin below -10%
  • total margin below -8%
  • under 30 days cash on hand
  • current ratio under 1.5
  • occupancy below 30%
  • margin deteriorating
  • 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
  • nonprofit — expect AG conversion review

Latest financials · FY2023

Net patient revenue$17.8M
Operating margin -31.7%
Total margin -16.7%
Days cash on hand 12
Current ratio 1.03
Occupancy17%

Facility

Beds49
Facility typeSTH
Settingrural
Ownership classnonprofit
Per-bed (low) $70.0K
Per-bed (high) $140K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 49 $16.6M $-2.5M -27.4% -13.6% 175 3.72 29% 871 58
2021 49 $18.6M $3.5M -27.8% 12.9% 58 2.50 31% 905 50
2022 49 $18.7M $-1.8M -24.2% -8.4% 43 2.52 21% 822 70
2023 49 $17.8M $-3.4M -31.7% -16.7% 12 1.03 17% 726 77

Owners

OwnerRole%SinceType
Bradley Lowery operational/managerial control 2019-08
Charles Nall operational/managerial control 2019-08
Jeffrey Booth operational/managerial control 2021-07
Nancy Lowrey corporate director 2012-07
Stephen Fischer operational/managerial control 2019-08

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.

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