Grady Memorial Hospital
dba Grady Health System ·
Atlanta, Fulton County, GA
· CCN 110079
Licensed to Grady Memorial Hospital Corporation
Composite
16.2
rank score
Distress
37
FY2023
Fit
60
vs thesis
Estimated ticket
$354M–$1.4B
707 beds ·
over envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- 60-90 days cash on hand
- margin slipping
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $1.4B |
| Operating margin | -31.3% |
| Total margin | 8.5% |
| Days cash on hand | 88 |
| Current ratio | 1.93 |
| Occupancy | 98% |
Facility
| Beds | 707 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| 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 | 517 | $978M | $132M | -42.6% | 8.6% | 73 | 1.69 | 95% | 28,168 | 38 |
| 2021 | 652 | $1.1B | $124M | -31.8% | 7.8% | 81 | 1.98 | 94% | 32,431 | 38 |
| 2022 | 694 | $1.2B | $23.3M | -39.6% | 1.4% | 64 | 1.87 | 93% | 31,873 | 41 |
| 2023 | 707 | $1.4B | $173M | -31.3% | 8.5% | 88 | 1.93 | 98% | 33,511 | 37 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Alicia Ivey | corporate director | 2022-03 | ||
| Bernard Tokarz | corporate director | 2021-03 | ||
| Christine Guillory | corporate officer | 2026-01 | ||
| Christine Guillory | w-2 managing employee | 2026-01 | ||
| D'andrea Morning | w-2 managing employee | 2017-09 | ||
| Eric Thomas | corporate director | 2021-03 | ||
| John Gregg | corporate director | 2021-03 | ||
| John Haupert | corporate officer | 2011-10 | ||
| John Hollins | corporate director | 2017-03 | ||
| Larry Gillerstedt | corporate director | 2020-03 | ||
| Pedro Cherry | corporate director | 2021-03 | ||
| Robert Sheft | corporate director | 2019-03 | ||
| Shan Cooper | corporate director | 2021-03 | ||
| Timothy Jefferson | corporate officer | 2008-04 | ||
| Timothy Jefferson | w-2 managing employee | 1998-06 |
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 |