Clinch Memorial Hospital
Homerville, Clinch County, GA
· CCN 111308
Licensed to Clinch County Hospital Authority
Composite
33.0
rank score
Distress
31
FY2024
Fit
48
vs thesis
Estimated ticket
$1.3M–$2.5M
15 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- 90-150 days cash on hand
- occupancy 45-60%
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $17.1M |
| Operating margin | -18.2% |
| Total margin | 13.0% |
| Days cash on hand | 94 |
| Current ratio | 3.68 |
| Occupancy | 56% |
Facility
| Beds | 15 |
| 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 | 15 | $13.0M | $-205K | -25.8% | -1.3% | 35 | 1.12 | 82% | 199 | 67 |
| 2022 | 15 | $15.5M | $2.1M | -16.3% | 10.4% | 55 | 2.28 | 56% | 122 | 54 |
| 2023 | 15 | $15.7M | $2.0M | -16.5% | 10.0% | 92 | 3.27 | 53% | 74 | 39 |
| 2024 | 15 | $17.1M | $3.0M | -18.2% | 13.0% | 94 | 3.68 | 56% | 44 | 31 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Angela Ammons | w-2 managing employee | 2017-09 | ||
| Clinch County Hospital Authority | operational/managerial control | 2007-04 | ||
| Courtney Tolle | corporate director | 2021-07 | ||
| Donna Jones | corporate director | 2018-07 | ||
| Kay Hinson | corporate director | 2021-08 | ||
| Kimberly Ratliff | w-2 managing employee | 2021-03 | ||
| Louis Cassotta | corporate director | 2016-12 | ||
| Madison Pope | corporate officer | 2021-01 | ||
| Madison Pope | w-2 managing employee | 2021-01 | ||
| Melinda Davis | corporate director | 2012-12 | ||
| Melinda Davis | w-2 managing employee | 2012-06 | ||
| Robert Varnedoe | corporate director | 2010-04 |
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 |