Floyd Medical Center
dba Atrium Health Floyd Medical Center ·
Rome, Floyd County, GA
· CCN 110054
Licensed to Floyd Healthcare Management Inc
Composite
34.6
rank score
Distress
3
FY2023
Fit
78
vs thesis
Estimated ticket
$114M–$454M
227 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- margin slipping
- part of a multi-hospital chain — divestiture candidate
- 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 · FY2023
| Net patient revenue | $486M |
| Operating margin | 7.7% |
| Total margin | 11.3% |
| Days cash on hand | 176 |
| Current ratio | 9.36 |
| Occupancy | 103% |
Facility
| Beds | 227 |
| 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 | 224 | $415M | $54.7M | 1.6% | 12.2% | 118 | 2.51 | 86% | 12,606 | 11 |
| 2022 | 227 | $482M | $77.5M | 13.9% | 15.7% | 56 | 358.65 | 104% | 15,784 | 17 |
| 2023 | 227 | $486M | $57.0M | 7.7% | 11.3% | 176 | 9.36 | 103% | 16,268 | 3 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ah Georgia Inc | 5% or greater direct ownership interest | 100 | 2021-07 | |
| The Charlotte-Mecklenburg Hospital Authority | 5% or greater indirect ownership interest | 100 | 2021-07 | |
| Advocate Health Inc | operational/managerial control | 2022-12 | ||
| Amar Singh | corporate director | 2025-07 | ||
| Atrium Health Inc | operational/managerial control | 2021-07 | ||
| Carl Herring | corporate officer | 2007-11 | ||
| Carl Herring | corporate director | 2007-11 | ||
| Chantz Mcclinic | corporate director | 2025-07 | ||
| Christopher Piller | corporate officer | 2024-06 | ||
| Christopher Piller | corporate director | 2024-06 | ||
| Christopher Sward | corporate director | 2025-07 | ||
| Dee Russell | corporate director | 2025-07 | ||
| Delvecchio Finley | corporate director | 2025-07 | ||
| Floyd Healthcare Management Inc | operational/managerial control | 2007-11 | chain | |
| Frank Stegall | corporate director | 2024-06 | ||
| Gary Fricks | corporate director | 2007-11 | ||
| John Scott | corporate director | 2025-07 | ||
| Kay Chumbler | corporate director | 2019-01 | ||
| Kenna Stock | corporate director | 2025-07 | ||
| Kris Shepard | corporate director | 2022-06 | ||
| Kurt Stuenkel | corporate officer | 2007-11 | ||
| Kurt Stuenkel | corporate director | 2007-11 | ||
| Kurt Stuenkel | w-2 managing employee | 2007-11 | ||
| Mark Manis | corporate director | 2007-11 | ||
| Mathew Gorman | w-2 managing employee | 2022-06 |
Showing 25 of 32. Full list via /api/targets/110054.
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 |