Tattnall Hospital Company Llc
dba Optim Medical Center Tattnall ·
Reidsville, Tattnall County, GA
· CCN 111323
Licensed to Tattnall Hospital Company Llc
Composite
26.0
rank score
Distress
12
FY2023
Fit
52
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
for-profit
CAH
Why it ranks here
- 90-150 days cash on hand
- occupancy below 30%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $111M |
| Operating margin | 42.9% |
| Total margin | 43.2% |
| Days cash on hand | 142 |
| Current ratio | 2.43 |
| Occupancy | 14% |
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 | $97.2M | $42.6M | 42.3% | 43.2% | 61 | 2.11 | 25% | 1,260 | 19 |
| 2021 | 25 | $98.7M | $48.0M | 40.7% | 45.1% | 106 | 2.07 | 14% | 686 | 13 |
| 2022 | 25 | $102M | $43.4M | 41.9% | 42.4% | 112 | 4.14 | 13% | 665 | 13 |
| 2023 | 25 | $111M | $48.2M | 42.9% | 43.2% | 142 | 2.43 | 14% | 611 | 12 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Community Hospital Holding Company, Llc | operational/managerial control | 100 | 2010-07 | |
| Community Hospital Holding Company, Llc | 5% or greater direct ownership interest | 50 | 2010-07 | |
| National Surgical Hospitals, Llc | 5% or greater indirect ownership interest | 50 | 2015-06 | |
| Nsh Georgia Inc | 5% or greater indirect ownership interest | 50 | 2017-09 | |
| Sp Holdco I Inc | 5% or greater indirect ownership interest | 50 | 2017-09 | |
| Surgery Center Holdings Inc | 5% or greater indirect ownership interest | 50 | 2017-09 | |
| Surgery Center Holdings Llc | 5% or greater indirect ownership interest | 50 | 2017-09 | |
| Surgery Partners Inc | 5% or greater indirect ownership interest | 50 | 2017-09 | |
| Tattnall Chatham, Lp | 5% or greater direct ownership interest | 50 | 2015-06 | |
| Bcpe Seminole Holdings, Lp | 5% or greater indirect ownership interest | 34 | 2017-09 | |
| Aurora Resources, Llc | 5% or greater indirect ownership interest | 6 | 2018-07 | |
| Heiges-Chatham, Inc | 5% or greater indirect ownership interest | 6 | 2018-07 | |
| Bradley Heiges | 5% or greater indirect ownership interest | 2009-01 | ||
| Bradley Owens | operational/managerial control | 2019-12 | ||
| Charles Spivey | 5% or greater indirect ownership interest | 2017-09 | ||
| David Villa | w-2 managing employee | 2024-10 | ||
| David Villa | operational/managerial control | 2024-10 | ||
| Jennifer Baldock | corporate officer | 2017-09 |
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 |