Northside Hospital Forsyth
Cumming, Forsyth County, GA
· CCN 110005
Licensed to Northside Hospital Inc
Composite
57.4
rank score
Distress
63
FY2023
Fit
72
vs thesis
Estimated ticket
$160M–$639M
376 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- total margin negative
- under 30 days cash on hand
- current ratio below 0.8
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size well above the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $723M |
| Operating margin | -3.8% |
| Total margin | -0.9% |
| Days cash on hand | 0 |
| Current ratio | -0.90 |
| Occupancy | 85% |
Facility
| Beds | 376 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 | 336 | $592M | $55.5M | 2.3% | 8.8% | 0 | -1.52 | 75% | 15,353 | 36 |
| 2021 | 335 | $680M | $75.7M | 7.2% | 10.5% | 0 | -0.74 | 81% | 15,897 | 36 |
| 2022 | 388 | $690M | $15.4M | -1.0% | 2.1% | 0 | -0.65 | 75% | 16,160 | 51 |
| 2023 | 376 | $723M | $-6.5M | -3.8% | -0.9% | 0 | -0.90 | 85% | 17,574 | 63 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Alan Carnes | corporate director | 2019-08 | ||
| Anthony Salvatore | corporate director | 2007-11 | ||
| Barbara Pare | corporate director | 2009-04 | ||
| Clyde Davis | corporate director | 2019-08 | ||
| Dale Bearman | corporate director | 2007-11 | ||
| Genevieve Fairbrother | corporate director | 2013-02 | ||
| Iqbal Garcha | corporate director | 2016-05 | ||
| John Levengood | corporate director | 2019-08 | ||
| Jorge Hernandez | corporate officer | 2018-01 | ||
| Jorge Hernandez | w-2 managing employee | 2007-11 | ||
| Josef Venable | corporate director | 2021-05 | ||
| Keith Buchanan | corporate director | 2019-08 | ||
| Lynn Jackson | corporate officer | 2023-10 | ||
| Lynn Jackson | w-2 managing employee | 2023-10 | ||
| Mark Sweeney | corporate director | 2007-11 | ||
| Northside Hospital Inc | 5% or greater direct ownership interest | 1991-07 | ||
| Robert Quattrocchi | corporate officer | 2004-10 | ||
| Robert Quattrocchi | corporate director | 2002-11 | ||
| Robert Quattrocchi | w-2 managing employee | 2002-11 | ||
| Shannon Banna | corporate officer | 2018-01 | ||
| Shannon Banna | w-2 managing employee | 2018-01 | ||
| Terri Jondahl | corporate director | 2019-08 | ||
| Thurbert Baker | corporate director | 2019-05 | ||
| Wayne Ambroze | corporate director | 2016-05 | ||
| Wayne Sikes | corporate director | 2019-08 |
Showing 25 of 26. Full list via /api/targets/110005.
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 GA
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 |
|---|---|---|---|---|
| 2023-11-01 | South Georgia Medical Center Inc | Hospital Authority Of Valdosta And... | South Georgia Medical Center | 261 |
| 2023-11-01 | South Georgia Medical Center Inc | Hospital Authority Of Valdosta And... | Sgmc Berrien Campus | 10 |
| 2023-07-01 | Northeast Georgia Medical Center... | The Hospital Authority Of Habersham County | Ngmc Habersham | 53 |
| 2021-07-03 | Navicent Health Baldwin, Inc | Navicent Health Oconee, Llc | Atrium Health Navicent Baldwin | 86 |
| 2021-06-22 | Burke Hospital Company | Burke County Hospital Authority | Burke Medical Center | 40 |
| 2021-05-01 | Vidalia Health Services, Llc | Meadows Regional Medical Center Inc | Meadows Regional Medical Center | 57 |
| 2018-02-01 | Savannah Health Services, Llc | Memorial Health University Medical... | Memorial Health Univ Med Center | 594 |
| 2017-12-29 | Chi Memorial Hospital - Georgia | Cornerstone Medical Center, Llc | Chi Memorial Hospital - Georgia | 35 |
| 2017-10-01 | Piedmont Rockdale Hospital, Inc. | Rockdale Hospital Llc | Piedmont Rockdale Hospital | 181 |
| 2017-05-01 | Southeast Georgia Health Services, Llc | Mayo Clinic Health System In Waycross, Inc | Memorial Satilla Health | 130 |
| 2017-01-01 | Ngmc Barrow Llc | Winder Hma Llc | Ngmc Barrow | 38 |
| 2016-04-01 | Wellstar Spalding Regional Hospital Inc | Spalding Regional Medical Center, Inc. | Spalding Regional Hospital | 170 |
| 2016-04-01 | Wellstar North Fulton Hospital Inc | North Fulton Medical Center, Inc. | North Fulton Regional Hospital | 178 |
| 2016-02-01 | Prime Healthcare Foundation -... | Southern Regional Health Center, Inc | Southern Regional Medical Center | 233 |
| 2016-01-01 | St Francis Health Llc | St Francis Hospital, Inc. | St. Francis Hospital Inc. | 312 |