Douglas Hospital
dba Wellstar Douglas Hospital ·
Douglasville, Douglas County, GA
· CCN 110184
Licensed to Douglas Hospital, Inc.
Composite
54.2
rank score
Distress
47
FY2024
Fit
82
vs thesis
Estimated ticket
$56.0M–$224M
112 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin negative
- total margin under 2%
- under 30 days cash on hand
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $227M |
| Operating margin | -4.7% |
| Total margin | 1.8% |
| Days cash on hand | 0 |
| Current ratio | 2.69 |
| Occupancy | 80% |
Facility
| Beds | 112 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 102 | $187M | $36.9M | 6.5% | 17.5% | 0 | 1.50 | 83% | 6,796 | 26 |
| 2022 | 108 | $193M | $8.6M | -3.1% | 4.2% | 0 | 2.80 | 81% | 6,699 | 38 |
| 2023 | 112 | $217M | $14.1M | -0.8% | 6.0% | 0 | 4.83 | 79% | 7,072 | 38 |
| 2024 | 112 | $227M | $4.5M | -4.7% | 1.8% | 0 | 2.69 | 80% | 7,608 | 47 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Anthony Budzinski | corporate officer | 100 | 2008-07 | |
| Candice Saunders | corporate officer | 100 | 2015-07 | |
| Candice Saunders | w-2 managing employee | 100 | 2015-07 | |
| Wellstar Health System Inc | 5% or greater direct ownership interest | 100 | 2007-11 | |
| Wellstar Health System Inc | operational/managerial control | 100 | 2007-11 | |
| Ambica Yadav | corporate director | 5 | 2017-03 | |
| Arif Aziz | corporate director | 5 | 2019-07 | |
| Avril Beckford | corporate director | 5 | 2011-09 | |
| David Bottoms | corporate director | 5 | 2023-02 | |
| Edward Richardson | corporate director | 5 | 2019-04 | |
| Frank Ros | corporate director | 5 | 2012-06 | |
| Greg Morgan | corporate director | 5 | 2014-07 | |
| Hiram Burdette | corporate director | 5 | 2016-04 | |
| James Cunningham | corporate director | 5 | 2021-03 | |
| James Holmes | corporate director | 5 | 2016-04 | |
| James Hornsby | corporate director | 5 | 2018-07 | |
| John Mckibben | corporate director | 5 | 2019-08 | |
| Mark Berry | corporate director | 5 | 2021-10 | |
| Mitzi Moore | corporate director | 5 | 2014-07 | |
| Paul Douglass | corporate director | 5 | 2016-08 | |
| Terrell Johnson | corporate director | 5 | 2011-06 | |
| William Brock | corporate director | 5 | 2015-07 | |
| Anthony Budzinski | w-2 managing employee | 2008-07 | ||
| Ebenezer Erzuah | w-2 managing employee | 2009-07 | ||
| James Swartz | corporate officer | 2010-10 |
Showing 25 of 27. Full list via /api/targets/110184.
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 |