Higgins General Hospital
Bremen, Haralson County, GA
· CCN 111320
Licensed to Tmc/higgins General Hospital
Composite
30.1
rank score
Distress
22
FY2024
Fit
50
vs thesis
Estimated ticket
$2.0M–$3.9M
23 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 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
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $45.2M |
| Operating margin | 15.6% |
| Total margin | 36.1% |
| Days cash on hand | 0 |
| Current ratio | 32.26 |
| Occupancy | 58% |
Facility
| Beds | 23 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 | $34.1M | $10.0M | 21.0% | 27.1% | 0 | 10.91 | 87% | 604 | 22 |
| 2022 | 15 | $41.8M | $15.8M | 27.1% | 34.2% | 0 | 11.70 | 83% | 564 | 22 |
| 2023 | 23 | $41.2M | $16.0M | 21.2% | 33.0% | 0 | 12.40 | 53% | 393 | 24 |
| 2024 | 23 | $45.2M | $21.5M | 15.6% | 36.1% | 0 | 32.26 | 58% | 181 | 22 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Tanner Medical Center Inc | 5% or greater direct ownership interest | 100 | 2025-07 | |
| Carol Crews | corporate officer | 2014-02 | ||
| Carol Crews | w-2 managing employee | 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 |