Northeast Georgia Medical Center
Gainesville, Hall County, GA
· CCN 110029
Licensed to Northeast Georgia Medical Center, Inc.
Composite
11.6
rank score
Distress
9
FY2023
Fit
62
vs thesis
Estimated ticket
$328M–$1.3B
657 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- 60-90 days cash on hand
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $1.7B |
| Operating margin | 9.3% |
| Total margin | 19.6% |
| Days cash on hand | 87 |
| Current ratio | 3.06 |
| Occupancy | 93% |
Facility
| Beds | 657 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 571 | $1.1B | $25.6M | -0.5% | 2.2% | 61 | 1.04 | 88% | 34,201 | 29 |
| 2021 | 657 | $1.5B | $364M | 7.7% | 20.9% | 99 | 2.12 | 89% | 37,182 | 4 |
| 2022 | 645 | $1.5B | $57.3M | 4.4% | 3.7% | 100 | 2.57 | 92% | 36,461 | 4 |
| 2023 | 657 | $1.7B | $383M | 9.3% | 19.6% | 87 | 3.06 | 93% | 37,287 | 9 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Brian Steines | corporate officer | 100 | 2017-07 | |
| Andrea Savage | w-2 managing employee | 2024-09 | ||
| Andrew Davenport | corporate director | 2024-10 | ||
| Arthur Mcphaul | corporate director | 2021-10 | ||
| Brian Steines | w-2 managing employee | 2017-07 | ||
| Camille Viera-Hewell | corporate director | 2024-10 | ||
| Jennifer Floyd | corporate director | 2021-10 | ||
| Jeremy Walker | corporate director | 2024-10 | ||
| Martha Randolph | corporate director | 2024-10 | ||
| Matthew Hanley | corporate officer | 2025-04 | ||
| Pete Williams | corporate director | 2024-10 | ||
| Semuel Maysonet | corporate director | 2021-10 | ||
| Stephen Samuel | corporate director | 2024-10 |
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 |