Adventhealth Redmond
Redmond, Floyd County, GA
· CCN 110168
Licensed to Redmond Park Hospital Llc
Composite
68.9
rank score
Distress
73
FY2024
Fit
86
vs thesis
Estimated ticket
$73.5M–$294M
210 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
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $332M |
| Operating margin | -18.3% |
| Total margin | -15.9% |
| Days cash on hand | 0 |
| Current ratio | 1.32 |
| Occupancy | 72% |
Facility
| Beds | 210 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 217 | $279M | $46.8M | 17.6% | 16.9% | 14 | 2.66 | 76% | 11,777 | 22 |
| 2022 | 217 | $706M | $-69.0M | 62.9% | -9.8% | 110 | 2.32 | 81% | 11,328 | 21 |
| 2023 | 217 | $276M | $-105M | -39.6% | -37.3% | 29 | 1.20 | 74% | 11,254 | 70 |
| 2024 | 210 | $332M | $-53.8M | -18.3% | -15.9% | 0 | 1.32 | 72% | 11,173 | 73 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Adventist Health System Sunbelt Healthcare Corporation | 5% or greater direct ownership interest | 100 | 2021-10 | chain |
| Alan Guyton, Jr | corporate officer | 2021-04 | ||
| Alan Guyton, Jr | corporate director | 2021-10 | ||
| Audrey Gregory | corporate director | 2025-08 | ||
| Beverly Morgan | corporate officer | 2025-08 | ||
| Cecil Wright | corporate director | 2024-08 | ||
| Diane Godfrey | corporate officer | 2025-12 | ||
| Dixon Freeman | corporate director | 2024-08 | ||
| Gary Rustad | corporate director | 2021-10 | ||
| Haney Vincent | corporate officer | 2021-04 | ||
| Isaac Sendros | contracted managing employee | 2023-02 | ||
| Isaac Sendros | corporate officer | 2023-02 | ||
| Isaac Sendros | corporate director | 2023-02 | ||
| Isaac Sendros | operational/managerial control | 2023-02 | ||
| Jeffrey Prusia | contracted managing employee | 2023-05 | ||
| Jeffrey Prusia | corporate officer | 2023-05 | ||
| Jeffrey Prusia | operational/managerial control | 2023-05 | ||
| Karsten Randolph | corporate director | 2021-10 | ||
| Lynn Addiscott | corporate officer | 2021-10 | ||
| Michael Saunders | corporate officer | 2021-10 | ||
| Michael Thompson | corporate officer | 2023-01 | ||
| Michael Thompson | corporate director | 2023-01 | ||
| Ryan Stanger | corporate director | 2024-08 |
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 |