Northside Hospital
dba Northside Hospital Atlanta ·
Atlanta, Fulton County, GA
· CCN 110161
Licensed to Northside Hospital Inc
Composite
16.8
rank score
Distress
38
FY2023
Fit
62
vs thesis
Estimated ticket
$336M–$1.3B
673 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- 30-60 days cash on hand
- margin slipping
- 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 · FY2023
| Net patient revenue | $2.8B |
| Operating margin | -8.9% |
| Total margin | 9.2% |
| Days cash on hand | 59 |
| Current ratio | 4.79 |
| Occupancy | 93% |
Facility
| Beds | 673 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 677 | $2.2B | $238M | -5.9% | 9.2% | 151 | 3.80 | 79% | 29,924 | 22 |
| 2021 | 721 | $2.5B | $637M | -4.7% | 19.4% | 132 | 3.61 | 78% | 31,718 | 20 |
| 2022 | 719 | $2.6B | $234M | -7.9% | 7.8% | 78 | 3.78 | 84% | 32,478 | 32 |
| 2023 | 673 | $2.8B | $307M | -8.9% | 9.2% | 59 | 4.79 | 93% | 34,079 | 38 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Alan Carnes | corporate director | 2019-08 | ||
| Anthony Salvatore | corporate director | 2007-11 | ||
| Barbara Pare | corporate director | 2009-04 | ||
| Dale Bearman | corporate director | 2007-11 | ||
| Deidre Dixon | corporate director | 2023-01 | ||
| Deidre Dixon | w-2 managing employee | 2023-01 | ||
| Genevieve Fairbrother | corporate director | 2013-02 | ||
| Iqbal Garcha | corporate director | 2016-05 | ||
| John Levengood | corporate director | 2019-08 | ||
| Jorge Hernandez | corporate officer | 2018-01 | ||
| Jorge Hernandez | w-2 managing employee | 2007-11 | ||
| Josef Venable | corporate director | 2021-05 | ||
| Keith Buchanan | corporate director | 2019-08 | ||
| Mark Sweeney | corporate director | 2007-11 | ||
| Northside Hospital Inc | 5% or greater direct ownership interest | 1991-07 | ||
| Robert Quattrocchi | corporate director | 2007-11 | ||
| Robert Quattrocchi | w-2 managing employee | 2007-11 | ||
| Shannon Banna | corporate officer | 2018-01 | ||
| Shannon Banna | w-2 managing employee | 2018-01 | ||
| Terri Jondahl | corporate director | 2019-08 | ||
| Thurbert Baker | corporate director | 2019-05 | ||
| Wayne Ambroze | corporate director | 2016-05 | ||
| Wayne Sikes | corporate director | 2019-08 |
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 |