Landmark Hospital Of Savannah
Savannah, Chatham County, GA
· CCN 112018
Licensed to Landmark Hospital Of Savannah Llc
Composite
71.3
rank score
Distress
94
FY2024
Fit
72
vs thesis
Estimated ticket
$10.5M–$42.0M
50 beds ·
within envelope
Ownership
for-profit
LTCH
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 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
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $15.3M |
| Operating margin | -13.5% |
| Total margin | -12.6% |
| Days cash on hand | 19 |
| Current ratio | 0.45 |
| Occupancy | 50% |
Facility
| Beds | 50 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 50 | $15.9M | $2.6M | 4.3% | 14.5% | 0 | 0.64 | 58% | 341 | 49 |
| 2022 | 50 | $14.8M | $-1.6M | -22.6% | -9.8% | 0 | 0.60 | 51% | 267 | 93 |
| 2023 | 50 | $17.1M | $-72.8K | -1.2% | -0.4% | 27 | 0.55 | 53% | 313 | 72 |
| 2024 | 50 | $15.3M | $-1.9M | -13.5% | -12.6% | 19 | 0.45 | 50% | 280 | 94 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Landmark Holdings Of Florida, Llc | 5% or greater direct ownership interest | 99 | 2012-01 | |
| William Kapp | 5% or greater indirect ownership interest | 99 | 2012-01 | |
| Denise Wayne | corporate officer | 2022-11 | ||
| Rebekah Palmatier | w-2 managing employee | 2017-05 | ||
| Rebekah Palmatier | other | 2017-05 | ||
| Tracy Larose | corporate director | 2020-03 |
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 |
|---|---|---|---|---|
| 2016-06-28 | Select Specialty Hospital Midtown... | Kindred Hospitals Limited Partnership | Ssh - Es Midtown Atlanta | 72 |