University Health Services Inc.
dba Piedmont Augusta Hospital ·
Augusta, Richmond County, GA
· CCN 110028
Licensed to University Health Services,inc
Composite
22.0
rank score
Distress
65
FY2024
Fit
60
vs thesis
Estimated ticket
$213M–$853M
502 beds ·
over envelope
Ownership
government
STH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- under 30 days cash on hand
- current liabilities exceed current assets
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $492M |
| Operating margin | -7.9% |
| Total margin | -2.8% |
| Days cash on hand | 29 |
| Current ratio | 0.96 |
| Occupancy | 73% |
Facility
| Beds | 502 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| 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 | 598 | $468M | $-11.0M | -8.2% | -2.2% | 22 | 2.08 | 64% | 26,128 | 52 |
| 2021 | 482 | $483M | $55.6M | -3.5% | 10.0% | 30 | 1.86 | 69% | 24,260 | 38 |
| 2022 | 482 | $487M | $-66.8M | -8.5% | -14.5% | 0 | 1.14 | 67% | 23,385 | 64 |
| 2023 | 482 | $220M | $-7.2M | -14.8% | -2.9% | 347 | 2.00 | 70% | 11,095 | 36 |
| 2024 | 502 | $492M | $-14.5M | -7.9% | -2.8% | 29 | 0.96 | 73% | 21,544 | 65 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Richmond County Hospital Authority | 5% or greater indirect ownership interest | 100 | 1984-05 | |
| Charles Brown | corporate director | 2022-03 | ||
| David Belkoski | corporate officer | 2007-11 | ||
| David Belkoski | w-2 managing employee | 2007-11 | ||
| Eugene Mcmanus | corporate director | 2012-10 | ||
| Hugh Hamilton | corporate director | 2007-11 | ||
| James Sherman | corporate director | 2012-10 | ||
| Kevin Brown | corporate director | 2022-03 | ||
| Levi Hill | corporate director | 2012-10 | ||
| Piedmont Healthcare Inc | operational/managerial control | 2022-03 | chain | |
| Robert Cross | corporate director | 2022-03 | ||
| Sanford Loyd | corporate director | 2012-10 | ||
| Terry Elam | corporate director | 2012-10 | ||
| Thomas Arnold | corporate officer | 2022-03 | ||
| University Health, Inc | operational/managerial control | 1984-05 |
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 |