Atrium Health Navicent Baldwin
Milledgeville, Baldwin County, GA
· CCN 110150
Licensed to Navicent Health Baldwin, Inc
Composite
63.1
rank score
Distress
85
FY2023
Fit
58
vs thesis
Estimated ticket
$6.0M–$12.0M
86 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio under 1.5
- debt above 85% of assets
- occupancy 30-45%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $60.3M |
| Operating margin | -14.1% |
| Total margin | -8.9% |
| Days cash on hand | 1 |
| Current ratio | 1.13 |
| Occupancy | 34% |
Facility
| Beds | 86 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2019 | 98 | $13.6M | $623K | -0.3% | 4.4% | 74 | 7.00 | 41% | 763 | 31 |
| 2020 | 86 | $53.3M | $8.4M | -7.4% | 12.8% | 37 | 2.43 | 46% | 3,014 | 41 |
| 2021 | 86 | $27.0M | $-2.6M | -10.9% | -9.5% | 82 | 1.22 | 43% | 1,476 | 63 |
| 2022 | 86 | $53.0M | $-10.1M | -23.8% | -18.1% | 1 | 3.11 | 40% | 3,327 | 72 |
| 2023 | 86 | $60.3M | $-5.6M | -14.1% | -8.9% | 1 | 1.13 | 34% | 3,761 | 85 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ah Georgia Inc | 5% or greater indirect ownership interest | 100 | 2019-01 | |
| Navicent Health Inc | 5% or greater direct ownership interest | 100 | 2017-10 | |
| The Charlotte-Mecklenburg Hospital Authority | 5% or greater indirect ownership interest | 100 | 2019-01 | chain |
| Advocate Health Inc | operational/managerial control | 2022-12 | ||
| Atrium Health Inc | operational/managerial control | 2020-10 | ||
| Derick Austin | corporate director | 2025-08 | ||
| Erin Snyder | corporate officer | 2023-10 | ||
| Janet Harrison | corporate director | 2018-02 | ||
| John Pursley | corporate director | 2023-09 | ||
| Lisa Shinholster | corporate director | 2019-01 | ||
| Lucretia Coleman | corporate officer | 2018-02 | ||
| Lucretia Coleman | corporate director | 2018-02 | ||
| Mollie Thomas | corporate officer | 2018-01 | ||
| Mollie Thomas | corporate director | 2018-01 | ||
| Patrice Boddie | corporate director | 2020-09 | ||
| Philip Wheeler | corporate officer | 2025-07 | ||
| Thomas Goss | w-2 managing employee | 2024-02 | ||
| Thomas Torrance | corporate director | 2020-09 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2021-07-03 | change of ownership | Navicent Health Baldwin, Inc | Navicent Health Oconee, Llc |
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 |