Adventhealth Murray
Chatsworth, Murray County, GA
· CCN 110050
Licensed to Adventist Health System Georgia Inc
Composite
30.9
rank score
Distress
8
FY2023
Fit
64
vs thesis
Estimated ticket
$14.5M–$58.0M
29 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- occupancy below 30%
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- small but workable bed count
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $42.7M |
| Operating margin | 8.7% |
| Total margin | 11.0% |
| Days cash on hand | 173 |
| Current ratio | 3.30 |
| Occupancy | 22% |
Facility
| Beds | 29 |
| 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 | 29 | $31.4M | $1.3M | 1.3% | 4.2% | 77 | 2.02 | 14% | 607 | 26 |
| 2021 | 29 | $41.4M | $6.7M | 12.7% | 15.7% | 127 | 3.16 | 28% | 867 | 13 |
| 2022 | 29 | $39.3M | $-599K | 0.8% | -1.6% | 97 | 4.53 | 26% | 775 | 28 |
| 2023 | 29 | $42.7M | $4.8M | 8.7% | 11.0% | 173 | 3.30 | 22% | 760 | 8 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Adventist Health System Sunbelt Healthcare Corporation | 5% or greater direct ownership interest | 100 | 2015-05 | chain |
| Alan Guyton, Jr | corporate officer | 2020-04 | ||
| Alan Guyton, Jr | corporate director | 2020-04 | ||
| Amanda Brady | corporate officer | 2020-02 | ||
| Brittany Pittman | corporate director | 2015-06 | ||
| Daniel Ahn | corporate director | 2023-01 | ||
| David Banks | corporate officer | 2022-08 | ||
| David Huffman | corporate officer | 2020-02 | ||
| David Lance | corporate director | 2005-08 | ||
| Donald Livesay | corporate director | 2018-02 | ||
| Edward Pelote | corporate officer | 2024-12 | ||
| Gary Rustad | corporate director | 2019-11 | ||
| Hak Lee | corporate director | 2024-12 | ||
| Haney Vincent | corporate officer | 2021-12 | ||
| James Brown | corporate director | 2017-01 | ||
| Jeffrey Graff | corporate officer | 2014-09 | ||
| Joseph Hill | corporate officer | 2021-10 | ||
| Justin Birmele | contracted managing employee | 2025-06 | ||
| Justin Birmele | corporate officer | 2025-06 | ||
| Justin Birmele | operational/managerial control | 2025-06 | ||
| Karen Bell | corporate officer | 2021-12 | ||
| Karsten Randolph | corporate officer | 2021-08 | ||
| Lynn Addiscott | corporate officer | 2005-08 | ||
| Madison Barton | corporate director | 2024-08 | ||
| Michael Ciurea | contracted managing employee | 2024-12 |
Showing 25 of 38. Full list via /api/targets/110050.
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 |