Columbus Specialty Hospital
Columbus, Muscogee County, GA
· CCN 112012
Licensed to Affabilis Llc
Composite
56.0
rank score
Distress
67
FY2023
Fit
64
vs thesis
Estimated ticket
$6.1M–$24.5M
24 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin negative
- total margin negative
- under 30 days cash on hand
- current ratio below 0.8
- debt above 70% of assets
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- very small facility
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $8.9M |
| Operating margin | -2.5% |
| Total margin | -2.5% |
| Days cash on hand | 12 |
| Current ratio | 0.61 |
| Occupancy | 68% |
Facility
| Beds | 24 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 50 | $12.2M | $1.3M | 7.7% | 10.5% | 57 | 1.46 | 44% | 275 | 26 |
| 2021 | 24 | $10.7M | $1.1M | 2.8% | 9.4% | 49 | 2.28 | 70% | 195 | 17 |
| 2022 | 24 | $8.2M | $-779K | -9.5% | -9.4% | 10 | 1.03 | 60% | 157 | 67 |
| 2023 | 24 | $8.9M | $-224K | -2.5% | -2.5% | 12 | 0.61 | 68% | 165 | 67 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Rodney Franklin | 5% or greater indirect ownership interest | 45 | 2017-04 | |
| Robyn Cogburn | 5% or greater indirect ownership interest | 13 | 2017-04 | |
| Michael Mendez | 5% or greater indirect ownership interest | 11 | 2017-04 | |
| Ernest Oertli | 5% or greater indirect ownership interest | 9 | 2017-04 | |
| Paul Chebib | 5% or greater indirect ownership interest | 9 | 2017-04 | |
| Timi Tuamokumo | 5% or greater indirect ownership interest | 9 | 2017-04 | |
| Rcog Llc | 5% or greater indirect ownership interest | 5 | 2017-04 | |
| Woundcentrics Llc | other | 1 | 2017-04 | |
| Myra Whitley | w-2 managing employee | 1 | 2023-09 | |
| Ernest Oertli | contracted managing employee | 2017-04 | ||
| Ernest Oertli | corporate director | 2017-04 |
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 |