Mountain Lakes Medical Center
Clayton, Rabun County, GA
· CCN 111336
Licensed to Professional Resources Management Of Rabun Llc
Composite
61.1
rank score
Distress
90
FY2023
Fit
52
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 below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- 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 | $17.7M |
| Operating margin | -10.7% |
| Total margin | -9.5% |
| Days cash on hand | 6 |
| Current ratio | 0.65 |
| Occupancy | 4% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $59.5K |
| Per-bed (high) | $119K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $8.6M | $-2.1M | -81.8% | -15.3% | 0 | 0.66 | 11% | 334 | 100 |
| 2021 | 25 | $11.3M | $1.1M | -39.1% | 6.8% | 5 | 1.17 | 12% | 335 | 73 |
| 2022 | 25 | $9.3M | $-3.8M | -62.8% | -33.3% | 0 | 1.12 | 4% | 172 | 90 |
| 2023 | 25 | $17.7M | $-1.7M | -10.7% | -9.5% | 6 | 0.65 | 4% | 126 | 90 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mhl Partners Llc | 5% or greater direct ownership interest | 66 | 2020-06 | |
| Robert Lubin | 5% or greater indirect ownership interest | 55 | 2020-06 | |
| Ml Healthcare Lp | 5% or greater indirect ownership interest | 50 | 2020-06 | |
| Rj Capital Llc | 5% or greater indirect ownership interest | 38 | 2020-06 | |
| Ml Healthcare Lp | 5% or greater direct ownership interest | 34 | 2020-06 | |
| Kristy Hall | corporate officer | 2022-12 | ||
| Kristy Hall | corporate director | 2022-12 | ||
| Kristy Hall | w-2 managing employee | 2022-12 | ||
| Norma Sullivan | corporate officer | 2023-03 | ||
| Norma Sullivan | corporate director | 2023-03 | ||
| Norma Sullivan | w-2 managing employee | 2023-03 |
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 |