Miller County Hospital
Colquitt, Miller County, GA
· CCN 111305
Licensed to The Hospital Authority Of Miller County
Composite
37.9
rank score
Distress
33
FY2024
Fit
58
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin negative
- 60-90 days cash on hand
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $82.6M |
| Operating margin | -4.0% |
| Total margin | 7.0% |
| Days cash on hand | 84 |
| Current ratio | 3.32 |
| Occupancy | 73% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| 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 | 25 | $69.6M | $13.9M | 6.9% | 17.7% | 49 | 7.11 | 71% | 364 | 17 |
| 2022 | 25 | $72.2M | $7.1M | -3.1% | 8.7% | 125 | 5.18 | 68% | 339 | 20 |
| 2023 | 25 | $81.6M | $7.5M | -1.1% | 8.4% | 66 | 5.08 | 77% | 329 | 26 |
| 2024 | 25 | $82.6M | $6.5M | -4.0% | 7.0% | 84 | 3.32 | 73% | 220 | 33 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Robin Rau | w-2 managing employee | 2014-02 | ||
| The Hospital Authority Of Miller County | 5% or greater direct ownership interest | 2014-02 |
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... | Sgmc Lanier Campus | 25 |
| 2017-11-01 | Lifebrite Hospital Group Of Early Llc | Pioneer Health Services Of Early... | Lifebrite Community Hospital Of Earl | 25 |
| 2016-11-01 | Effingham Hospital Inc | Effingham Health System | Effingham Hospital | 25 |