Chi Memorial Hospital - Georgia
dba Commonspirit-Memorial Hospital-North Georgia ·
Ft Oglethorpe, GA
· CCN 110236
Licensed to Chi Memorial Hospital - Georgia
Composite
59.2
rank score
Distress
71
FY2024
Fit
64
vs thesis
Estimated ticket
$12.2M–$49.0M
35 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
- occupancy below 30%
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- small but workable bed count
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $22.1M |
| Operating margin | -20.1% |
| Total margin | -18.9% |
| Days cash on hand | 1 |
| Current ratio | 1.05 |
| Occupancy | 13% |
Facility
| Beds | 35 |
| 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 | 35 | $13.6M | $-9.2M | -87.8% | -56.1% | 62 | 0.11 | 13% | 419 | 88 |
| 2022 | 35 | $19.5M | $-6.0M | -32.0% | -30.4% | 0 | 0.04 | 10% | 495 | 100 |
| 2023 | 35 | $20.7M | $-5.5M | -30.0% | -25.4% | 70 | 0.11 | 12% | 537 | 88 |
| 2024 | 35 | $22.1M | $-4.2M | -20.1% | -18.9% | 1 | 1.05 | 13% | 616 | 71 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Commonspirit Health | 5% or greater indirect ownership interest | 100 | 2017-12 | chain |
| Memorial Health Care System Inc. | 5% or greater direct ownership interest | 100 | 2017-12 | |
| Brad Beers | corporate director | 2025-07 | ||
| Brooks Bass | corporate director | 2025-07 | ||
| Craig Nielsen | corporate officer | 2023-07 | ||
| Craig Nielsen | operational/managerial control | 2022-07 | ||
| Demetress Harrell | corporate director | 2025-07 | ||
| Donald Hearne | corporate officer | 2025-07 | ||
| Doug Lawson | corporate director | 2025-07 | ||
| Frank Ashley | corporate director | 2025-07 | ||
| Gary Whitlock | corporate director | 2025-07 | ||
| Indira Anupindi | corporate director | 2025-07 | ||
| Jane Ainsworth | corporate director | 2025-07 | ||
| Janelle Reilly | corporate officer | 2019-01 | ||
| Matthew Brown | corporate officer | 2025-07 | ||
| Matthew Brown | corporate director | 2025-07 | ||
| Michael Steines | corporate director | 2025-07 | ||
| Monte Bostwick | corporate director | 2025-07 | ||
| Robert Upchurch | corporate director | 2025-07 | ||
| Terika Mbanu | corporate officer | 2024-01 | ||
| Terika Mbanu | corporate director | 2025-07 | ||
| Thomas Kopfensteiner | corporate director | 2025-07 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2017-12-29 | change of ownership | Chi Memorial Hospital - Georgia | Cornerstone Medical Center, Llc |
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 |