Polk Medical Center
dba Atrium Health Floyd Polk Medical Center ·
Cedartown, Polk County, GA
· CCN 111330
Licensed to Polk Medical Center Inc
Composite
24.2
rank score
Distress
0
FY2023
Fit
60
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $46.0M |
| Operating margin | 48.1% |
| Total margin | 51.9% |
| Days cash on hand | 724 |
| Current ratio | 15.88 |
| Occupancy | 88% |
Facility
| Beds | 25 |
| 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 | 38 | $33.3M | $14.6M | 24.8% | 36.8% | 277 | 3.84 | 58% | 27 | 2 |
| 2022 | 25 | $43.3M | $17.0M | 38.0% | 38.8% | 450 | 44.75 | 86% | 84 | 0 |
| 2023 | 25 | $46.0M | $25.8M | 48.1% | 51.9% | 724 | 15.88 | 88% | 155 | 0 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ah Georgia Inc | 5% or greater indirect ownership interest | 100 | 2021-07 | |
| Polk Medical Center Inc | operational/managerial control | 100 | 2014-11 | |
| The Charlotte-Mecklenburg Hospital Authority | 5% or greater indirect ownership interest | 100 | 2021-07 | |
| Advocate Health Inc | operational/managerial control | 2022-12 | ||
| Atrium Health Inc | operational/managerial control | 2021-07 | ||
| Britt Madden | corporate director | 2022-03 | ||
| Darcy Morris | corporate director | 2022-03 | ||
| Darrin Kines | corporate director | 2023-03 | ||
| Douglas Elliott | corporate director | 2023-03 | ||
| Floyd Healthcare Management Inc | operational/managerial control | 2014-11 | ||
| George Bosworth | corporate director | 2022-03 | ||
| Kay Chumbler | corporate director | 2022-03 | ||
| Kurt Stuenkel | corporate officer | 2014-11 | ||
| Mary Miller | corporate director | 2023-03 | ||
| Mathew Gorman | corporate officer | 2020-04 | ||
| Mathew Gorman | w-2 managing employee | 2014-11 | ||
| Neil Gordon | corporate director | 2022-03 | ||
| Sondi Vest | corporate director | 2022-03 | ||
| Tifani Kinard | corporate officer | 2022-06 | ||
| Tifani Kinard | w-2 managing employee | 2022-06 | ||
| Todd Bussey | corporate director | 2022-03 | ||
| William Shelley | corporate director | 2014-11 |
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 |