Au Medical Center Inc
dba Wellstar Mcg Health, Affiliated With Medical College Of Georgia ·
Augusta, Richmond County, GA
· CCN 110034
Licensed to Au Medical Center, Inc.
Composite
15.1
rank score
Distress
24
FY2024
Fit
62
vs thesis
Estimated ticket
$249M–$996M
498 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- debt above 70% of assets
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $1.2B |
| Operating margin | 5.6% |
| Total margin | 17.4% |
| Days cash on hand | 23 |
| Current ratio | 2.39 |
| Occupancy | 79% |
Facility
| Beds | 498 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 464 | $745M | $-477K | -25.8% | -0.1% | 34 | 2.86 | 78% | 20,660 | 52 |
| 2022 | 490 | $730M | $3.0M | -32.9% | 0.3% | 34 | 24.14 | 80% | 20,662 | 48 |
| 2023 | 494 | $789M | $12.4M | -35.7% | 1.1% | 24 | 5.63 | 80% | 22,291 | 53 |
| 2024 | 498 | $1.2B | $237M | 5.6% | 17.4% | 23 | 2.39 | 79% | 22,823 | 24 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Au Health System Inc | 5% or greater direct ownership interest | 100 | 2017-10 | |
| Wellstar Health System Inc | 5% or greater indirect ownership interest | 100 | 2023-08 | chain |
| David Bottoms | corporate director | 2023-08 | ||
| Ebenezer Erzuah | w-2 managing employee | 2023-08 | ||
| Edward Richardson | corporate director | 2023-08 | ||
| Frank Ros | corporate director | 2023-08 | ||
| Greg Morgan | corporate director | 2023-08 | ||
| Gretchen Corbin | corporate director | 2024-10 | ||
| Heather Graham | corporate director | 2025-09 | ||
| James Cunningham | corporate director | 2023-08 | ||
| James Holmes | corporate director | 2023-08 | ||
| James Hornsby | corporate director | 2023-08 | ||
| John Kerndl | corporate officer | 2025-02 | ||
| John Kerndl | w-2 managing employee | 2025-02 | ||
| John Mckibben | corporate director | 2023-08 | ||
| Joseph Reppert | corporate officer | 2024-04 | ||
| Joseph Reppert | w-2 managing employee | 2024-04 | ||
| Keith Parker | corporate director | 2023-08 | ||
| Mark Berry | corporate director | 2023-08 | ||
| Mitzi Moore | corporate director | 2023-08 | ||
| Orrin Swayze | corporate director | 2023-08 | ||
| Paul Douglass | corporate director | 2023-08 | ||
| William Brock | corporate director | 2023-08 |
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 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 |