Warm Springs Medical Center
Warm Springs, Meriwether County, GA
· CCN 111316
Licensed to Meriwether Healthcare Llc
Composite
25.1
rank score
Distress
2
FY2023
Fit
60
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
for-profit
CAH
Why it ranks here
- occupancy 45-60%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $19.6M |
| Operating margin | 10.3% |
| Total margin | 13.7% |
| Days cash on hand | 162 |
| Current ratio | 4.20 |
| Occupancy | 55% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | for-profit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $14.0M | $1.1M | -11.3% | 6.4% | 118 | 1.19 | 54% | 85 | 42 |
| 2021 | 25 | $14.8M | $2.5M | -5.4% | 13.8% | 130 | 1.90 | 52% | 45 | 29 |
| 2022 | 25 | $17.0M | $2.2M | 2.4% | 11.8% | 132 | 3.95 | 53% | 26 | 7 |
| 2023 | 25 | $19.6M | $2.8M | 10.3% | 13.7% | 162 | 4.20 | 55% | 70 | 2 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Karen Daniel | corporate director | 100 | 2013-09 | |
| Karen Daniel | w-2 managing employee | 100 | 2013-09 | |
| Meriwether County Hospital Authority | 5% or greater direct ownership interest | 2009-10 | ||
| Meriwether Health Properties, Inc | 5% or greater direct ownership interest | 2009-10 | ||
| Pinnacle Medical, Llc | 5% or greater direct ownership interest | 2009-10 |
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 |