Memorial Health Univ Med Center
dba Memorial Health University Medical Center ·
Savannah, Chatham County, GA
· CCN 110036
Licensed to Savannah Health Services, Llc
Composite
14.6
rank score
Distress
24
FY2023
Fit
60
vs thesis
Estimated ticket
$297M–$1.2B
594 beds ·
over envelope
Ownership
government
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
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $928M |
| Operating margin | 16.2% |
| Total margin | 18.4% |
| Days cash on hand | 0 |
| Current ratio | 3.79 |
| Occupancy | 91% |
Facility
| Beds | 594 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| 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 | 566 | $595M | $30.3M | 0.9% | 4.9% | 1 | 1.99 | 82% | 28,831 | 40 |
| 2021 | 588 | $678M | $27.3M | 0.5% | 3.9% | 0 | 2.55 | 87% | 31,022 | 37 |
| 2022 | 590 | $708M | $17.3M | -1.0% | 2.4% | 0 | 2.81 | 90% | 32,435 | 46 |
| 2023 | 594 | $928M | $175M | 16.2% | 18.4% | 0 | 3.79 | 91% | 34,469 | 24 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bradley Talbert | corporate officer | 100 | 2023-03 | |
| Bradley Talbert | w-2 managing employee | 100 | 2023-03 | |
| Christopher Green | corporate officer | 100 | 2024-01 | |
| Christopher Green | w-2 managing employee | 100 | 2024-01 | |
| Hca Healthcare Inc | 5% or greater indirect ownership interest | 100 | 2018-06 | |
| Hca Inc | 5% or greater indirect ownership interest | 100 | 2017-06 | chain |
| Healthtrust Inc - The Hospital Company | 5% or greater indirect ownership interest | 100 | 2017-06 | |
| Hti Hospital Holdings Inc | 5% or greater direct ownership interest | 100 | 2017-06 | |
| Hercules Holding Ii | 5% or greater indirect ownership interest | 19 | 2017-06 | |
| Frisco Holding Ii | 5% or greater indirect ownership interest | 10 | 2017-06 | |
| Eric Smith | contracted managing employee | 2021-03 | ||
| Eric Smith | other | 2021-03 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2018-02-01 | change of ownership | Savannah Health Services, Llc | Memorial Health University... |
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 |