Roosevelt Warm Springs Ltac Hospital
Warm Springs, Meriwether County, GA
· CCN 112000
Licensed to Roosevelt Warm Springs Rehabilitation & Specialty Hospitals Inc
Composite
59.1
rank score
Distress
81
FY2023
Fit
56
vs thesis
Estimated ticket
$5.9M–$23.5M
28 beds ·
within envelope
Ownership
nonprofit
LTCH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio under 1.5
- occupancy below 30%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $17.0M |
| Operating margin | -31.1% |
| Total margin | -37.7% |
| Days cash on hand | 6 |
| Current ratio | 1.29 |
| Occupancy | 28% |
Facility
| Beds | 28 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $210K |
| Per-bed (high) | $840K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 32 | $7.4M | $-1.6M | -164.7% | -8.8% | 107 | 0.56 | 37% | 139 | 79 |
| 2021 | 28 | $8.8M | $-1.0M | -145.4% | -5.1% | 36 | 0.36 | 49% | 168 | 83 |
| 2022 | 28 | $5.1M | $-6.2M | -319.2% | -41.1% | 13 | 1.56 | 34% | 91 | 72 |
| 2023 | 28 | $17.0M | $-6.4M | -31.1% | -37.7% | 6 | 1.29 | 28% | 89 | 81 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Au Health System Inc | 5% or greater indirect ownership interest | 100 | 2023-08 | |
| Candice Saunders | w-2 managing employee | 100 | 2023-08 | |
| Wellstar Health System Inc | 5% or greater indirect ownership interest | 100 | 2023-08 | |
| Anthony Budzinski | corporate officer | 2023-08 | ||
| Anthony Budzinski | w-2 managing employee | 2023-08 | ||
| Arif Aziz | corporate director | 2023-08 | ||
| Candice Saunders | corporate officer | 2023-08 | ||
| David Bottoms | corporate director | 2023-08 | ||
| Ebenezer Erzuah | w-2 managing employee | 2023-08 | ||
| Edward Richardson | corporate director | 2023-08 | ||
| Frank Ros | corporate director | 2023-08 | ||
| Greg Morgan | corporate director | 2023-08 | ||
| Hiram Burdette | corporate director | 2023-08 | ||
| James Cunningham | corporate director | 2023-08 | ||
| James Holmes | corporate director | 2023-08 | ||
| James Hornsby | corporate director | 2023-08 | ||
| James Swartz | w-2 managing employee | 2023-08 | ||
| John Mckibben | corporate director | 2023-08 | ||
| Keith Parker | corporate director | 2023-08 | ||
| Mark Berry | corporate director | 2023-08 | ||
| Mitzi Moore | corporate director | 2023-08 | ||
| Orrin Swayze | corporate director | 2023-08 | ||
| Paul Douglass | corporate director | 2023-08 | ||
| William Brock | corporate director | 2023-08 |
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 |
|---|---|---|---|---|
| 2016-06-28 | Select Specialty Hospital Midtown... | Kindred Hospitals Limited Partnership | Ssh - Es Midtown Atlanta | 72 |