St. Josephs Hospital Inc.
dba St Josephs Hospital ·
Savannah, Chatham County, GA
· CCN 110043
Licensed to Saint Josephs Hospital Inc
Composite
52.1
rank score
Distress
46
FY2024
Fit
78
vs thesis
Estimated ticket
$116M–$462M
231 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- under 30 days cash on hand
- margin deteriorating
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size at the top of the envelope — would need leverage
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $328M |
| Operating margin | -5.3% |
| Total margin | 6.0% |
| Days cash on hand | 1 |
| Current ratio | 1.53 |
| Occupancy | 68% |
Facility
| Beds | 231 |
| 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 | 221 | $274M | $25.9M | -3.2% | 8.4% | 0 | 2.35 | 74% | 9,380 | 38 |
| 2022 | 188 | $290M | $-23.5M | -9.1% | -8.0% | 1 | 2.20 | 89% | 9,255 | 61 |
| 2023 | 188 | $301M | $-18.3M | -15.6% | -5.6% | 0 | 1.43 | 77% | 9,184 | 66 |
| 2024 | 231 | $328M | $22.1M | -5.3% | 6.0% | 1 | 1.53 | 68% | 10,251 | 46 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Gregory Schaack | corporate director | 2003-09 | ||
| Gregory Schaack | w-2 managing employee | 2003-07 | ||
| Kyle Mccann | corporate director | 2014-01 | ||
| Kyle Mccann | w-2 managing employee | 2014-01 | ||
| Melissa Alvarez | w-2 managing employee | 2022-03 | ||
| Paul Hinchey | corporate director | 2003-09 | ||
| Paul Hinchey | w-2 managing employee | 2003-07 | ||
| St Josephs Candler Health System Inc | 5% or greater direct ownership interest | 1997-04 |
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 |