Ngmc Barrow
Winder, Barrow County, GA
· CCN 110045
Licensed to Ngmc Barrow Llc
Composite
39.2
rank score
Distress
21
FY2023
Fit
70
vs thesis
Estimated ticket
$19.0M–$76.0M
38 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin under 2%
- current ratio under 1.5
- occupancy below 30%
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- small but workable bed count
- ticket size somewhat below the envelope
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $52.1M |
| Operating margin | 0.4% |
| Total margin | 6.1% |
| Days cash on hand | — |
| Current ratio | 1.31 |
| Occupancy | 29% |
Facility
| Beds | 38 |
| 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 | 56 | $32.9M | $-7.4M | -24.7% | -21.9% | 0 | 0.68 | 27% | 1,331 | 89 |
| 2021 | 56 | $45.2M | $4.3M | 0.9% | 8.7% | 0 | 0.57 | 37% | 1,464 | 48 |
| 2022 | 56 | $45.8M | $-2.9M | -8.0% | -6.2% | 0 | 0.54 | 31% | 1,446 | 76 |
| 2023 | 38 | $52.1M | $3.4M | 0.4% | 6.1% | — | 1.31 | 29% | 1,289 | 21 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Northeast Georgia Health System | operational/managerial control | 100 | 2017-01 | chain |
| Alexander Wayne | corporate director | 2025-02 | ||
| Andrea Savage | w-2 managing employee | 2024-09 | ||
| Brad Puryear | corporate director | 2025-02 | ||
| Brian Steines | corporate officer | 2017-07 | ||
| Brian Steines | corporate director | 2017-07 | ||
| Cynthia Green | corporate director | 2025-02 | ||
| Deepak Aggarwal | corporate director | 2025-02 | ||
| Glennis Barnes | corporate director | 2025-02 | ||
| Greg Ours | corporate director | 2025-02 | ||
| Jacquelyn Wallace | corporate director | 2025-02 | ||
| John Kueven | corporate director | 2025-02 | ||
| Kevin Matson | corporate director | 2025-02 | ||
| Letrell Simpson | corporate director | 2025-02 | ||
| Mary Coyle | corporate director | 2017-01 | ||
| Matthew Hanley | corporate officer | 2025-04 | ||
| Matthew Hanley | corporate director | 2025-04 | ||
| Mohak Dave | corporate director | 2025-02 | ||
| Philip Wilheit | corporate director | 2017-01 | ||
| Phillippa Moss | corporate director | 2025-02 | ||
| Pierpont Brown | corporate director | 2025-02 | ||
| Richard Whitehead | corporate director | 2017-01 | ||
| Semuel Maysonet | corporate director | 2025-02 | ||
| William Price | corporate director | 2017-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2017-01-01 | change of ownership | Ngmc Barrow Llc | Winder Hma Llc |
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 |