Piedmont Hospital Inc.
Atlanta, Fulton County, GA
· CCN 110083
Licensed to Piedmont Hospital, Inc.
Composite
14.4
rank score
Distress
20
FY2024
Fit
62
vs thesis
Estimated ticket
$287M–$1.1B
574 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $1.5B |
| Operating margin | 9.0% |
| Total margin | 11.3% |
| Days cash on hand | 10 |
| Current ratio | 1.60 |
| Occupancy | 84% |
Facility
| Beds | 574 |
| 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 | 544 | $1.1B | $69.4M | 3.9% | 6.0% | 13 | 1.02 | 78% | 26,898 | 26 |
| 2022 | 556 | $1.2B | $69.4M | -1.1% | 5.7% | 10 | 1.05 | 78% | 26,859 | 41 |
| 2023 | 569 | $1.3B | $132M | 4.0% | 9.4% | 10 | 1.62 | 80% | 27,552 | 22 |
| 2024 | 574 | $1.5B | $173M | 9.0% | 11.3% | 10 | 1.60 | 84% | 29,776 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Piedmont Healthcare Inc | operational/managerial control | 100 | 1983-07 | chain |
| Ali-Rashad Richey | corporate director | 2020-09 | ||
| Andrew Mcghee | corporate director | 2018-12 | ||
| Bertram Levy | corporate director | 2019-12 | ||
| Brett Samsky | corporate director | 2019-12 | ||
| Brian Thomas | corporate director | 2015-07 | ||
| Christine Zurawski | corporate director | 2021-07 | ||
| John Dalton | corporate director | 2021-10 | ||
| Joshua Roberts | w-2 managing employee | 2020-07 | ||
| Kathie Mcclure | corporate director | 2017-01 | ||
| Lila Hertz | corporate director | 2019-12 | ||
| Patrick Battey | corporate director | 2012-08 | ||
| Patrick Battey | w-2 managing employee | 2015-01 | ||
| Robert Cross | corporate officer | 2013-12 | ||
| Robert Miller | corporate director | 2012-08 | ||
| Sheryl Klink | w-2 managing employee | 2015-10 | ||
| Thomas Arnold | corporate officer | 2012-08 | ||
| Xavier Duralde | corporate director | 2015-07 |
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 |