Tishomingo Health Services
dba Iuka Hospital ·
Iuka, Tishomingo County, MS
· CCN 250002
Licensed to Tishomingo Health Services, Inc.
Composite
58.9
rank score
Distress
90
FY2023
Fit
46
vs thesis
Estimated ticket
$3.4M–$6.7M
48 beds ·
within envelope
Ownership
nonprofit
STH
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 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 | $15.8M |
| Operating margin | -16.1% |
| Total margin | -9.3% |
| Days cash on hand | 12 |
| Current ratio | 0.12 |
| Occupancy | 24% |
Facility
| Beds | 48 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 48 | $11.5M | $-1.3M | -26.5% | -9.9% | 20 | 0.15 | 21% | 554 | 100 |
| 2021 | 48 | $14.3M | $-506K | -18.5% | -3.1% | 9 | 0.14 | 22% | 684 | 96 |
| 2022 | 48 | $16.3M | $407K | -11.7% | 2.2% | 13 | 0.11 | 22% | 553 | 83 |
| 2023 | 48 | $15.8M | $-1.6M | -16.1% | -9.3% | 12 | 0.12 | 24% | 551 | 90 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Arthur Gaines | corporate director | 2022-08 | ||
| Barry Keel | w-2 managing employee | 2021-10 | ||
| Bruce Toppin | corporate officer | 1997-11 | ||
| Daniel Castile | corporate director | 2022-08 | ||
| James Tennyson | corporate director | 2022-08 | ||
| Jenna Mcnatt | corporate director | 2022-08 | ||
| Michael Spees | operational/managerial control | 2014-02 | ||
| North Mississippi Health Services Inc | 5% or greater direct ownership interest | 1986-11 | ||
| Sharon Nobles | corporate officer | 2017-04 | ||
| Steve Mcanally | corporate director | 2011-11 |
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 MS
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 |
|---|---|---|---|---|
| 2025-05-01 | State Of Mississippi-University Of... | Madison Hma Llc | Madison River Oaks Medical Center | 67 |
| 2024-02-01 | Northwest Miss Regional Medical Center | Delta Health System | Delta Health-Northwest Regional | 181 |
| 2023-05-01 | Tate County Hospital | Delta Health System | Highland Hills Medical Center | 15 |
| 2020-10-01 | Singing River Gulfport | Gpch-Gp, Inc. | Singing River Gulfport | 113 |
| 2019-11-01 | Memorial Hospital At Gulfport | Stone County Hospital, Inc | Memorial Hospital At Gulfport | 285 |
| 2019-01-01 | Monroe Health Services Inc | Amory Regional Medical Center Inc | Monroe Health Services Inc. | 95 |
| 2018-04-01 | Ochsner Medical Center - Hancock, Llc | Hancock Medical Center | Ochsner Med Ctr - Hancock | 41 |