dealflow
envelope $200M

← Targets

Lifebrite Community Hospital Of Earl

dba Lifebrite Community Hospital Of Early · Blakely, Early County, GA · CCN 111314
Licensed to Lifebrite Hospital Group Of Early Llc

Composite
62.3
rank score
Distress
89
FY2023
Fit
56
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds · within envelope
Ownership
for-profit
CAH

Why it ranks here

  • operating margin below -10%
  • total margin negative
  • under 30 days cash on hand
  • current ratio below 0.8
  • liabilities exceed assets
  • occupancy 30-45%
  • margin deteriorating sharply
  • rural — cheaper but limited density
  • small but workable bed count
  • very small ticket — sub-scale as a platform asset
  • thin occupancy
  • for-profit — no charitable conversion review

Latest financials · FY2023

Net patient revenue$16.9M
Operating margin -20.2%
Total margin -2.3%
Days cash on hand 7
Current ratio 0.76
Occupancy39%

Facility

Beds25
Facility typeCAH
Settingrural
Ownership classfor-profit
Per-bed (low) $59.5K
Per-bed (high) $119K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 25 $14.0M $6.1M -44.8% 20.7% 7 1.48 35% 137 59
2021 25 $16.0M $-1.1M -7.0% -7.0% 67 2.75 30% 129 64
2022 25 $17.8M $-101K 5.5% -0.5% 0 1.64 27% 88 50
2023 25 $16.9M $-454K -20.2% -2.3% 7 0.76 39% 85 89

Owners

OwnerRole%SinceType
Echp, Inc.
Magee, MS
5% or greater direct ownership interest 100 2023-02
Morgan Dunn 5% or greater indirect ownership interest 100 2023-02
Jeanette Filpi operational/managerial control 2023-10

Ownership changes

DateTypeBuyerSeller
2017-11-01 change of ownership Lifebrite Hospital Group Of Early Llc Pioneer Health Services Of...

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.

DateBuyerSellerHospitalBeds
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