Donalsonville Hospital
Donalsonville, Seminole County, GA
· CCN 110194
Licensed to Donalsonville Hospital Inc
Composite
52.5
rank score
Distress
69
FY2024
Fit
54
vs thesis
Estimated ticket
$3.5M–$7.0M
41 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- 30-60 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $30.1M |
| Operating margin | -11.2% |
| Total margin | -7.0% |
| Days cash on hand | 51 |
| Current ratio | 3.82 |
| Occupancy | 15% |
Facility
| Beds | 41 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 41 | $30.1M | $9.4M | -12.9% | 21.6% | 132 | 3.34 | 18% | 546 | 41 |
| 2022 | 41 | $27.5M | $-4.6M | -25.7% | -15.3% | 36 | 2.49 | 19% | 522 | 70 |
| 2023 | 41 | $29.8M | $-2.7M | -16.4% | -8.5% | 29 | 3.99 | 18% | 514 | 76 |
| 2024 | 41 | $30.1M | $-2.2M | -11.2% | -7.0% | 51 | 3.82 | 15% | 500 | 69 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Donalsonville Hospital Inc | 5% or greater direct ownership interest | 100 | 2017-07 | |
| Donalsonville Hospital Inc | operational/managerial control | 100 | 1991-10 | |
| Charles Orrick | corporate officer | 2017-07 | ||
| Charles Orrick | w-2 managing employee | 2015-05 | ||
| William Moody | corporate officer | 1992-02 |
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 |