Effingham Hospital
dba Effingham Health System ·
Springfield, Effingham County, GA
· CCN 111306
Licensed to Effingham Hospital Inc
Composite
54.4
rank score
Distress
75
FY2024
Fit
52
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- total margin under 2%
- under 30 days cash on hand
- current ratio below 0.8
- debt above 85% of assets
- occupancy below 30%
- urban — higher occupancy and iteration surface
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $62.8M |
| Operating margin | -23.0% |
| Total margin | 1.7% |
| Days cash on hand | 22 |
| Current ratio | 0.80 |
| Occupancy | 17% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $59.5K |
| Per-bed (high) | $119K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $51.5M | $697K | -36.1% | 1.0% | 3 | 1.12 | 33% | 533 | 67 |
| 2022 | 25 | $52.8M | $-3.8M | -38.6% | -5.4% | 6 | 0.67 | 29% | 540 | 92 |
| 2023 | 25 | $53.8M | $-6.4M | -39.8% | -9.2% | 8 | 0.70 | 23% | 393 | 97 |
| 2024 | 25 | $62.8M | $1.4M | -23.0% | 1.7% | 22 | 0.80 | 17% | 245 | 75 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Effingham Hospital Inc | 5% or greater direct ownership interest | 100 | 2016-11 | |
| Fran Baker-Witt | corporate officer | 9 | 2015-05 | |
| Fran Baker-Witt | w-2 managing employee | 9 | 2016-05 | |
| Fran Baker-Witt | operational/managerial control | 9 | 2016-05 | |
| Alia Allen | w-2 managing employee | 2016-11 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2016-11-01 | change of ownership | Effingham Hospital Inc | Effingham Health System |
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 |