St. Simons By The Sea
dba St. Simons-By-The-Sea ·
St. Simons Island, GA
· CCN 114016
Licensed to Hhc St. Simons Inc
Composite
63.5
rank score
Distress
65
FY2023
Fit
86
vs thesis
Estimated ticket
$23.6M–$94.4M
101 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin negative
- total margin negative
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size somewhat below the envelope
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $14.2M |
| Operating margin | -2.5% |
| Total margin | -2.3% |
| Days cash on hand | 0 |
| Current ratio | 0.21 |
| Occupancy | 50% |
Facility
| Beds | 101 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $234K |
| Per-bed (high) | $935K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 101 | $14.5M | $2.2M | 13.1% | 14.7% | 0 | 0.11 | 54% | 2,828 | 38 |
| 2021 | 101 | $15.5M | $2.6M | 16.3% | 16.5% | 0 | 0.16 | 57% | 3,268 | 38 |
| 2022 | 101 | $14.1M | $933K | 6.3% | 6.6% | 0 | 0.20 | 51% | 2,774 | 38 |
| 2023 | 101 | $14.2M | $-323K | -2.5% | -2.3% | 0 | 0.21 | 50% | 2,497 | 65 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Cheryl Ramagano | corporate officer | 100 | 2010-11 | |
| George Brunner | corporate officer | 100 | 2010-11 | |
| Horizon Health Corporation | 5% or greater indirect ownership interest | 100 | 2006-02 | |
| Horizon Health Hospital Services Llc | 5% or greater direct ownership interest | 100 | 2007-12 | |
| Matthew Klein | corporate officer | 100 | 2010-11 | |
| Matthew Peterson | corporate officer | 100 | 2019-09 | |
| Matthew Peterson | operational/managerial control | 100 | 2019-09 | |
| Psychiatric Solutions, Inc. | 5% or greater indirect ownership interest | 100 | 2006-02 | |
| Robert Zurad | corporate officer | 100 | 2010-11 | |
| Steve Filton | corporate officer | 100 | 2010-11 | |
| Steve Filton | operational/managerial control | 100 | 2010-11 | |
| Thomas Day | corporate officer | 100 | 2021-07 | |
| Uhs Of Delaware Inc | operational/managerial control | 100 | 2010-11 | |
| Universal Health Services Inc | 5% or greater indirect ownership interest | 100 | 2010-11 | |
| Alan Miller | 5% or greater indirect ownership interest | 85 | 2021-01 | |
| James Coleman | contracted managing employee | 50 | 2010-11 | |
| Matthew Peterson | corporate director | 33 | 2019-09 | |
| Steve Filton | corporate director | 33 | 2010-11 | |
| Thomas Day | corporate director | 33 | 2021-07 | |
| Cheryl Bullard | contracted managing employee | 2017-01 | ||
| Cheryl Bullard | corporate officer | 2017-01 | ||
| John Strachan | contracted managing employee | 2021-01 | ||
| John Strachan | corporate officer | 2021-01 |
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 |
|---|---|---|---|---|
| 2017-01-05 | Rv Behavioral, Llc | Ridgeview Institute,inc | Ridgeview Institute Smyrna | 188 |