Springhill Medical Center
Springhill, LA
· CCN 190088
Licensed to Springhill Medical Services, Inc.
Composite
33.2
rank score
Distress
33
FY2023
Fit
46
vs thesis
Estimated ticket
$3.7M–$7.4M
37 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- occupancy below 30%
- rural — cheaper but limited density
- 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 | $20.6M |
| Operating margin | -20.3% |
| Total margin | 7.3% |
| Days cash on hand | 241 |
| Current ratio | 6.16 |
| Occupancy | 15% |
Facility
| Beds | 37 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 46 | $22.5M | $-1.3M | -21.1% | -4.9% | 112 | 2.55 | 18% | 817 | 58 |
| 2021 | 46 | $20.5M | $4.9M | -14.7% | 17.1% | 172 | 6.40 | 16% | 724 | 37 |
| 2022 | 46 | $21.6M | $4.0M | -11.1% | 14.0% | 191 | 10.64 | 14% | 653 | 37 |
| 2023 | 37 | $20.6M | $2.0M | -20.3% | 7.3% | 241 | 6.16 | 15% | 531 | 33 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Springhill Medical Services, Inc. | 5% or greater direct ownership interest | 100 | 2000-11 | |
| Peter Johnson | corporate officer | 50 | 2021-10 | |
| Brian Griffin | corporate officer | 25 | 2022-01 | |
| Brian Griffin | operational/managerial control | 25 | 2022-01 | |
| Kristin Cole | corporate officer | 25 | 2019-02 | |
| Kristin Cole | operational/managerial control | 25 | 2019-02 | |
| Peter Johnson | operational/managerial control | 25 | 2021-10 | |
| David Anderson | corporate director | 9 | 2000-11 | |
| Elizabeth Stephens | corporate director | 9 | 2012-11 | |
| Jerry Sessions | corporate director | 9 | 2017-01 | |
| Mary Armwood | corporate director | 9 | 2000-11 | |
| Patricia Mcmurray | corporate officer | 9 | 2017-01 | |
| Robert Bush | corporate director | 9 | 2000-11 | |
| Robert Colvin | corporate director | 9 | 2000-11 | |
| Robert Smith | corporate director | 9 | 2021-08 | |
| Royce Mcmahen | corporate director | 9 | 2000-11 | |
| William Huddleston | corporate director | 9 | 2017-01 | |
| Willie Lynd | corporate director | 9 | 2017-01 |
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 LA
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 |
|---|---|---|---|---|
| 2024-10-30 | Hsa Glenwood Llc | Iasis Glenwood Regional Medical Center Lp | Glenwood Regional Medical Center | 212 |
| 2022-04-01 | Ochsner American Legion Hospital, Llc | Jennings American Legion Hospital Inc | Ochsner American Legion Hospital | 49 |
| 2020-07-01 | Clhg-Ruston Llc | Ruston Louisiana Hospital Company Llc | North Louisiana Medical Center | 122 |
| 2019-10-01 | Thibodaux Regional Health System Inc | Hospital Service District No. 3 | Thibodaux Regional Health System | 170 |
| 2019-10-01 | Ochsner Morgan City Llc | Phc-Morgan City Lp | Ochsner St. Mary | 105 |
| 2019-03-01 | Our Lady Of Lourdes Regional... | The Regional Health System Of Acadiana, Llc | Our Lady Of Lourdes Rmc | 383 |
| 2019-03-01 | Our Lady Of The Lake Hospital Inc | Our Lady Of The Lake Ascension... | Our Lady Of The Lake Rmc | 647 |
| 2018-10-01 | University Health Shreveport, Llc | Brfhh Shreveport Llc | Ochsner Lsu Health Shreveport | 237 |
| 2018-09-01 | St Francis Medical Center Inc | P & S Surgery Center Llc | St. Francis Medical Center | 332 |
| 2018-08-01 | Clhg - Minden, Llc | Phc - Minden, Lp | Minden Medical Center | 129 |
| 2018-08-01 | Clhg-Ville Platte Llc | Ville Platte Medical Center Llc | Mercy Regional Medical Center | 27 |
| 2017-10-01 | Willis Knighton Medical Center, Inc. | Willis Knighton Medical Center, Inc. | Willis-Knighton Health Systems | 674 |