Wayne Memorial Hospital
Jesup, Wayne County, GA
· CCN 110124
Licensed to Hospital Authority Of Wayne County Georgia
Composite
59.2
rank score
Distress
83
FY2024
Fit
54
vs thesis
Estimated ticket
$6.2M–$12.3M
88 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current liabilities exceed current assets
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- thin occupancy
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $75.0M |
| Operating margin | -13.6% |
| Total margin | -11.0% |
| Days cash on hand | 3 |
| Current ratio | 0.90 |
| Occupancy | 35% |
Facility
| Beds | 88 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 88 | $93.0M | $13.4M | 8.6% | 13.1% | 68 | 1.52 | 43% | 2,717 | 16 |
| 2022 | 88 | $88.8M | $1.3M | 4.1% | 1.4% | 38 | 1.54 | 48% | 2,610 | 22 |
| 2023 | 88 | $79.9M | $2.9M | 1.7% | 3.5% | 20 | 1.52 | 35% | 2,338 | 34 |
| 2024 | 88 | $75.0M | $-8.6M | -13.6% | -11.0% | 3 | 0.90 | 35% | 2,202 | 83 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Brenda Purvis | corporate officer | 2018-07 | ||
| David Keith | corporate director | 2007-06 | ||
| Douglas Ellis | corporate director | 2007-06 | ||
| Gregory Jones | corporate director | 2007-06 | ||
| Gregory Jones | w-2 managing employee | 2007-06 | ||
| Herman Lewis | corporate officer | 2018-07 | ||
| John Perry | corporate director | 2007-06 | ||
| Joseph Ierardi | corporate director | 2007-06 | ||
| Joseph Ierardi | w-2 managing employee | 2007-06 | ||
| Rhonda Blue | corporate director | 2004-02 | ||
| Sydney Hendrix | corporate officer | 2008-07 |
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 |