North Mississippi Medical Center
dba North Ms Medical Center ·
Tupelo, Lee County, MS
· CCN 250004
Licensed to North Mississippi Medical Center, Inc.
Composite
36.8
rank score
Distress
31
FY2023
Fit
57
vs thesis
Estimated ticket
$47.6M–$95.2M
476 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- 30-60 days cash on hand
- occupancy 45-60%
- rural — cheaper but limited density
- very large — likely out of range
- ticket size somewhat below the envelope
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $789M |
| Operating margin | -4.2% |
| Total margin | 7.8% |
| Days cash on hand | 37 |
| Current ratio | 2.08 |
| Occupancy | 59% |
Facility
| Beds | 476 |
| 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 | 530 | $681M | $56.2M | -2.3% | 7.5% | 15 | 0.57 | 60% | 22,109 | 53 |
| 2021 | 530 | $730M | $58.3M | -6.1% | 7.0% | 20 | 0.77 | 56% | 19,228 | 60 |
| 2022 | 489 | $748M | $-46.1M | -5.5% | -6.2% | 33 | 1.81 | 55% | 18,771 | 53 |
| 2023 | 476 | $789M | $69.4M | -4.2% | 7.8% | 37 | 2.08 | 59% | 19,445 | 31 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Barney Guyton | corporate director | 2011-11 | ||
| Barry Bertolet | corporate director | 2021-10 | ||
| Bruce Toppin | corporate officer | 1997-11 | ||
| Calude Waycaster | corporate director | 2021-10 | ||
| Chester White | corporate director | 2021-10 | ||
| Chris Rogers | corporate director | 2011-11 | ||
| David Copenhaver | corporate director | 2021-10 | ||
| David Wilson | w-2 managing employee | 2015-03 | ||
| Gary Sparkman | corporate director | 2021-10 | ||
| John Wheeler | corporate director | 2021-10 | ||
| Lewis Whitfield | corporate director | 2021-10 | ||
| Michael Spees | operational/managerial control | 2014-02 | ||
| North Mississippi Health Services Inc | 5% or greater direct ownership interest | 1982-04 | ||
| Samuel Pace | corporate director | 2021-10 | ||
| Samuel Sliman | corporate director | 2021-10 | ||
| Sharon Nobles | corporate officer | 2017-04 | ||
| William Holliman | corporate director | 2011-11 | ||
| William Milam | 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 |