Ngmc Habersham
Demorest, Habersham County, GA
· CCN 110041
Licensed to Northeast Georgia Medical Center Habersham Llc
Already transacted. CMS recorded an ownership change effective
2023-07-01. Confirm the current owner before spending a call on this.
Composite
23.5
rank score
Distress
100
FY2023
Fit
50
vs thesis
Estimated ticket
$3.7M–$7.4M
53 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy below 30%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
- changed ownership 2023-07-01 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $48.5M |
| Operating margin | -27.3% |
| Total margin | -10.1% |
| Days cash on hand | 17 |
| Current ratio | 0.37 |
| Occupancy | 19% |
Facility
| Beds | 53 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 53 | $47.3M | $5.8M | -18.1% | 9.4% | 55 | 1.47 | 34% | 1,856 | 64 |
| 2022 | 53 | $52.0M | $1.3M | -30.9% | 1.9% | 9 | 0.66 | 37% | 1,856 | 83 |
| 2023 | 53 | $48.5M | $-5.7M | -27.3% | -10.1% | 17 | 0.37 | 19% | 1,197 | 100 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Northeast Georgia Health System | 5% or greater direct ownership interest | 100 | 2023-07 | chain |
| Northeast Georgia Health System | operational/managerial control | 100 | 2023-07 | chain |
| Alexander Wayne | corporate director | 2023-07 | ||
| Andrea Savage | w-2 managing employee | 2023-07 | ||
| Brad Puryear | corporate director | 2023-07 | ||
| Brian Steines | corporate officer | 2023-07 | ||
| Cynthia Green | corporate director | 2023-07 | ||
| Deepak Aggarwal | corporate director | 2023-07 | ||
| Glennis Barnes | corporate director | 2023-07 | ||
| Greg Ours | corporate director | 2023-07 | ||
| Jack Keener | corporate director | 2023-07 | ||
| Jacquelyn Wallace | corporate director | 2023-07 | ||
| John Kueven | corporate director | 2023-10 | ||
| Kevin Matson | corporate director | 2023-12 | ||
| Martha Randolph | corporate director | 2023-07 | ||
| Phillippa Moss | corporate director | 2023-07 | ||
| Richard Whitehead | corporate director | 2023-07 | ||
| William Price | corporate director | 2023-07 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2023-07-01 | change of ownership | Northeast Georgia Medical... | The Hospital Authority Of... |
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 |