Kennestone Hospital At Windy Hill
dba Wellstar Windy Hill Hospital ·
Marietta, Cobb County, GA
· CCN 112007
Licensed to Kennestone Hospital, Inc.
Composite
52.2
rank score
Distress
57
FY2024
Fit
66
vs thesis
Estimated ticket
$14.0M–$56.1M
55 beds ·
within envelope
Ownership
government
LTCH
Why it ranks here
- operating margin below -10%
- under 30 days cash on hand
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- bed count in the target band
- small ticket — deploys little of the available capital
- moderate occupancy
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $174M |
| Operating margin | -11.9% |
| Total margin | 5.0% |
| Days cash on hand | 0 |
| Current ratio | 2.49 |
| Occupancy | 49% |
Facility
| Beds | 55 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $255K |
| Per-bed (high) | $1.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 55 | $125M | $17.5M | 1.3% | 12.4% | 0 | 1.54 | 46% | 330 | 31 |
| 2022 | 55 | $138M | $19.5M | 2.1% | 12.7% | 0 | 1.51 | 47% | 277 | 24 |
| 2023 | 55 | $160M | $22.1M | 0.7% | 12.2% | 0 | 1.37 | 47% | 271 | 34 |
| 2024 | 55 | $174M | $10.2M | -11.9% | 5.0% | 0 | 2.49 | 49% | 312 | 57 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ebenezer Erzuah | w-2 managing employee | 100 | 2009-07 | |
| John Kerndl | corporate officer | 100 | 2025-02 | |
| John Kerndl | w-2 managing employee | 100 | 2025-02 | |
| Joseph Reppert | corporate officer | 100 | 2024-04 | |
| Joseph Reppert | w-2 managing employee | 100 | 2020-08 | |
| Wellstar Health System Inc | 5% or greater direct ownership interest | 100 | 1997-07 | |
| David Bottoms | corporate director | 5 | 2023-02 | |
| Edward Richardson | corporate director | 5 | 2019-04 | |
| Frank Ros | corporate director | 5 | 2012-08 | |
| Greg Morgan | corporate director | 5 | 2014-07 | |
| Gretchen Corbin | corporate director | 5 | 2024-10 | |
| Heather Graham | corporate director | 5 | 2025-09 | |
| James Cunningham | corporate director | 5 | 2021-03 | |
| James Holmes | corporate director | 5 | 2016-04 | |
| James Hornsby | corporate director | 5 | 2018-07 | |
| John Mckibben | corporate director | 5 | 2019-08 | |
| Keith Parker | corporate director | 5 | 2023-07 | |
| Mark Berry | corporate director | 5 | 2021-10 | |
| Mitzi Moore | corporate director | 5 | 2014-04 | |
| Orrin Swayze | corporate director | 5 | 2014-07 | |
| Paul Douglass | corporate director | 5 | 2016-08 | |
| William Brock | corporate director | 5 | 2015-07 | |
| Wellstar Health System Inc | operational/managerial control | 1997-07 |
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 |