Burke Medical Center
dba Burke Health ·
Waynesboro, Burke County, GA
· CCN 110113
Licensed to Burke Hospital Company
Composite
44.0
rank score
Distress
36
FY2023
Fit
70
vs thesis
Estimated ticket
$20.0M–$80.0M
40 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- 30-60 days cash on hand
- current ratio under 1.5
- debt above 70% of assets
- occupancy below 30%
- margin deteriorating
- urban — higher occupancy and iteration surface
- small but workable bed count
- ticket size somewhat below the envelope
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $73.7M |
| Operating margin | 10.7% |
| Total margin | 12.3% |
| Days cash on hand | 42 |
| Current ratio | 1.30 |
| Occupancy | 4% |
Facility
| Beds | 40 |
| 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 | 40 | $8.0M | $2.5M | -77.2% | 14.9% | 13 | 1.16 | 7% | 165 | 62 |
| 2022 | 40 | $55.7M | $19.5M | 34.7% | 34.9% | 66 | 2.38 | 5% | 219 | 19 |
| 2023 | 40 | $73.7M | $9.2M | 10.7% | 12.3% | 42 | 1.30 | 4% | 276 | 36 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| John George | 5% or greater direct ownership interest | 10 | 2021-06 | |
| John George | operational/managerial control | 10 | 2021-06 | |
| Michael Kleinpeter | 5% or greater direct ownership interest | 10 | 2021-06 | |
| Michael Kleinpeter | operational/managerial control | 10 | 2021-06 | |
| Abraham Lin | 5% or greater direct ownership interest | 3 | 2021-06 | |
| Brian Abell | 5% or greater direct ownership interest | 3 | 2021-06 | |
| David Gallagher | 5% or greater direct ownership interest | 3 | 2021-06 | |
| Douglas Phillips | 5% or greater direct ownership interest | 3 | 2021-06 | |
| Dustin Gay | 5% or greater direct ownership interest | 3 | 2021-10 | |
| Jeremy Jacobs | 5% or greater direct ownership interest | 3 | 2021-06 | |
| John Bojescul | 5% or greater direct ownership interest | 3 | 2021-06 | |
| John Clapp | 5% or greater direct ownership interest | 3 | 2021-06 | |
| John Franklin | 5% or greater direct ownership interest | 3 | 2021-06 | |
| Johnny Christian | 5% or greater direct ownership interest | 3 | 2021-06 | |
| Joseph Rectenwald | 5% or greater direct ownership interest | 3 | 2021-06 | |
| Julio Schwarz | 5% or greater direct ownership interest | 3 | 2021-06 | |
| Justin Bundy | 5% or greater direct ownership interest | 3 | 2021-06 | |
| Kendall Griffith | 5% or greater direct ownership interest | 3 | 2021-06 | |
| Lamar Callaway | 5% or greater direct ownership interest | 3 | 2025-01 | |
| Mark Snoddy | 5% or greater direct ownership interest | 3 | 2025-01 | |
| Matthew Link | 5% or greater direct ownership interest | 3 | 2021-06 | |
| Nicholas Capito | 5% or greater direct ownership interest | 3 | 2021-06 | |
| Randall Meredith | 5% or greater direct ownership interest | 3 | 2021-06 | |
| Richard Massie | 5% or greater direct ownership interest | 3 | 2021-06 | |
| Richard Pope | 5% or greater direct ownership interest | 3 | 2021-06 |
Showing 25 of 31. Full list via /api/targets/110113.
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2021-06-22 | change of ownership | Burke Hospital Company | Burke County Hospital Authority |
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 |