dealflow
envelope $200M

← Targets

Emory Decatur Hospital

Decatur, Dekalb County, GA · CCN 110076
Licensed to Dekalb Medical Center, Inc

Composite
62.4
rank score
Distress
83
FY2024
Fit
62
vs thesis
Estimated ticket
$140M–$561M
401 beds · within envelope
Ownership
government
STH

Why it ranks here

  • operating margin -10% to -5%
  • total margin -8% to -3%
  • under 30 days cash on hand
  • current ratio below 0.8
  • liabilities exceed assets
  • margin deteriorating sharply
  • urban — higher occupancy and iteration surface
  • very large — likely out of range
  • ticket size well above the envelope
  • strong occupancy — good iteration surface
  • government-owned — public process likely

Latest financials · FY2024

Net patient revenue$454M
Operating margin -7.0%
Total margin -6.2%
Days cash on hand 0
Current ratio -4.45
Occupancy63%

Facility

Beds401
Facility typeSTH
Settingurban
Ownership classgovernment
Per-bed (low) $350K
Per-bed (high) $1.4M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 375 $348M $4.8M -17.3% 1.2% 0 0.95 67% 17,183 73
2022 375 $382M $-88.8M -25.6% -22.4% 0 -2.11 66% 16,102 91
2023 393 $395M $-71.2M -19.5% -17.6% 0 -3.96 63% 15,984 91
2024 401 $454M $-28.7M -7.0% -6.2% 0 -4.45 63% 15,458 83

Owners

OwnerRole%SinceType
Dekalb Regional Health System
Decatur, GA
5% or greater direct ownership interest 100 2007-11
Emory Healthcare Inc
Atlanta, GA
5% or greater indirect ownership interest 100 2018-09
Carla Cashio corporate director 2025-08
Carla Cashio w-2 managing employee 2025-08
Jen Schuck corporate officer 2023-05
Jen Schuck w-2 managing employee 2023-05

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.

DateBuyerSellerHospitalBeds
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