South Georgia Medical Center
dba Sgmc Health ·
Valdosta, Lowndes County, GA
· CCN 110122
Licensed to South Georgia Medical Center Inc
Already transacted. CMS recorded an ownership change effective
2023-11-01. Confirm the current owner before spending a call on this.
Composite
13.5
rank score
Distress
24
FY2023
Fit
70
vs thesis
Estimated ticket
$130M–$522M
261 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin under 2%
- 30-60 days cash on hand
- current ratio under 1.5
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size well above the envelope
- strong occupancy — good iteration surface
- government-owned — public process likely
- changed ownership 2023-11-01 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $418M |
| Operating margin | 1.2% |
| Total margin | 11.0% |
| Days cash on hand | 31 |
| Current ratio | 1.37 |
| Occupancy | 72% |
Facility
| Beds | 261 |
| 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 | 277 | $364M | $27.2M | -0.1% | 6.9% | 107 | 1.61 | 65% | 13,592 | 20 |
| 2021 | 263 | $402M | $78.7M | -1.9% | 16.1% | 76 | 1.52 | 80% | 16,160 | 26 |
| 2022 | 224 | $360M | $-79.2M | -16.2% | -23.4% | 23 | 1.25 | 86% | 15,161 | 70 |
| 2023 | 261 | $418M | $51.2M | 1.2% | 11.0% | 31 | 1.37 | 72% | 15,741 | 24 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| John Moore | corporate officer | 2021-07 | ||
| John Moore | w-2 managing employee | 2021-07 | ||
| Olaf Faeskorn | corporate director | 2022-09 | ||
| Olaf Faeskorn | w-2 managing employee | 2022-09 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2023-11-01 | change of ownership | South Georgia Medical Center Inc | Hospital Authority Of Valdosta... |
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 |