Northside Hospital - Duluth
dba Northside Hospital Duluth And Northside Gwinnett Glancy Rehabilitation ·
Duluth, Gwinnett County, GA
· CCN 110252
Licensed to Northside Hospital Inc
Composite
59.9
rank score
Distress
57
FY2023
Fit
86
vs thesis
Estimated ticket
$40.0M–$160M
94 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- total margin under 2%
- under 30 days cash on hand
- liabilities exceed assets
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $204M |
| Operating margin | -4.7% |
| Total margin | 0.6% |
| Days cash on hand | 0 |
| Current ratio | 2.93 |
| Occupancy | 97% |
Facility
| Beds | 94 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 111 | $51.2M | $8.4M | 2.6% | 14.4% | 0 | -97.62 | 74% | 1,389 | 36 |
| 2022 | 87 | $193M | $2.3M | -3.1% | 1.1% | 0 | 3.58 | 98% | 5,269 | 52 |
| 2023 | 94 | $204M | $1.3M | -4.7% | 0.6% | 0 | 2.93 | 97% | 5,943 | 57 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Alan Carnes | corporate director | 2019-08 | ||
| Amy Fouts | corporate officer | 2026-04 | ||
| Amy Fouts | w-2 managing employee | 2026-04 | ||
| Anthony Salvatore | corporate director | 2005-05 | ||
| Barbara Pare | corporate director | 2008-05 | ||
| Dale Bearman | corporate director | 2007-02 | ||
| Deborah Mitcham | corporate officer | 2019-08 | ||
| Genevieve Fairbrother | corporate director | 2016-02 | ||
| Iqbal Garcha | corporate director | 2016-02 | ||
| John Levengood | w-2 managing employee | 2019-08 | ||
| Jorge Hernandez | corporate officer | 2007-11 | ||
| Jorge Hernandez | w-2 managing employee | 2007-11 | ||
| Josef Venable | corporate director | 2021-05 | ||
| Keith Buchanan | corporate director | 2019-08 | ||
| Mark Sweeney | corporate director | 2006-05 | ||
| Nicholas Gubbins | corporate officer | 2026-04 | ||
| Nicholas Gubbins | w-2 managing employee | 2026-04 | ||
| Robert Putnam | w-2 managing employee | 2007-11 | ||
| Robert Quattrocchi | corporate officer | 2004-10 | ||
| Robert Quattrocchi | corporate director | 2004-10 | ||
| Shannon Banna | corporate officer | 2018-01 | ||
| Shannon Banna | w-2 managing employee | 2018-01 | ||
| Thurbert Baker | corporate director | 2019-05 | ||
| Wayne Ambroze | corporate director | 2016-02 | ||
| Wayne Sikes | corporate director | 2019-08 |
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 |