dealflow
envelope $200M

← Targets

Sgmc Berrien Campus

Nashville, Berrien County, GA · CCN 110234
Licensed to South Georgia Medical Center Inc

Already transacted. CMS recorded an ownership change effective 2023-11-01. Confirm the current owner before spending a call on this.
Composite
13.5
rank score
Distress
47
FY2023
Fit
44
vs thesis
Estimated ticket
$1.0M–$2.0M
10 beds · within envelope
Ownership
government
STH

Why it ranks here

  • operating margin below -10%
  • total margin -8% to -3%
  • current ratio under 1.5
  • occupancy below 30%
  • rural — cheaper but limited density
  • very small facility
  • very small ticket — sub-scale as a platform asset
  • very low occupancy — limited volume to learn from
  • government-owned — public process likely
  • changed ownership 2023-11-01 — likely already transacted

Latest financials · FY2023

Net patient revenue$7.8M
Operating margin -32.6%
Total margin -4.6%
Days cash on hand 1,189
Current ratio 1.37
Occupancy10%

Facility

Beds10
Facility typeSTH
Settingrural
Ownership classgovernment
Per-bed (low) $100K
Per-bed (high) $200K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 51 $7.3M $-2.0M -31.3% -25.8% 3,928 1.61 2% 133 53
2021 24 $7.4M $1.5M -30.7% 13.6% 3,150 1.52 4% 105 37
2022 24 $9.1M $609K -17.7% 5.4% 872 1.25 4% 114 40
2023 10 $7.8M $-451K -32.6% -4.6% 1,189 1.37 10% 129 47

Owners

OwnerRole%SinceType
South Georgia Medical Center Inc
Valdosta, GA
 5% or greater direct ownership interest 100 2023-11
John Moore corporate officer 2021-07
John Moore w-2 managing employee 2021-07
Julie Hodges corporate officer 2015-07
Julie Hodges w-2 managing employee 2015-07
Ronnie Dean corporate officer 2019-11
Ronnie Dean w-2 managing employee 2019-11

Ownership changes

DateTypeBuyerSeller
2023-11-01 change of ownership South Georgia Medical Center Inc Hospital Authority Of Valdosta...

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.

DateBuyerSellerHospitalBeds
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