dealflow
envelope $200M

← Targets

Baptist Mem Hospital Union County

dba Bmh - Union County · New Albany, Union County, MS · CCN 250006
Licensed to Baptist Memorial Hospital Union County, Inc.

Composite
31.2
rank score
Distress
25
FY2023
Fit
50
vs thesis
Estimated ticket
$8.3M–$16.6M
83 beds · within envelope
Ownership
nonprofit
STH

Why it ranks here

  • under 30 days cash on hand
  • occupancy 30-45%
  • rural — cheaper but limited density
  • bed count in the target band
  • very small ticket — sub-scale as a platform asset
  • thin occupancy
  • nonprofit — expect AG conversion review

Latest financials · FY2023

Net patient revenue$140M
Operating margin 15.2%
Total margin 17.9%
Days cash on hand 3
Current ratio 1.84
Occupancy39%

Facility

Beds83
Facility typeSTH
Settingrural
Ownership classnonprofit
Per-bed (low) $100K
Per-bed (high) $200K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 92 $61.1M $8.7M 6.1% 13.1% 21 -0.42 29% 2,478 44
2021 90 $90.8M $15.3M 15.4% 16.4% 13 2.19 36% 3,203 28
2022 83 $118M $15.6M 3.7% 11.9% 10 2.56 38% 3,148 28
2023 83 $140M $26.3M 15.2% 17.9% 3 1.84 39% 3,265 25

Owners

OwnerRole%SinceType
Baptist Memorial Health Care Corporation
Memphis, TN
5% or greater indirect ownership interest 100 1989-03
Baptist Memorial Hospital Union County, Inc.
New Albany, MS
5% or greater direct ownership interest 100 1989-03
Anna Bishop w-2 managing employee 2023-05
Arthur Maples corporate director 2020-12
Colt Doom corporate director 2023-05
Gary Anderson corporate officer 2025-01
Gregory Duckett corporate officer 2000-01
Jason Little corporate officer 2013-01
John Stanford corporate director 2008-04
Rusty Berryhill corporate officer 2025-01

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 MS

Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.

DateBuyerSellerHospitalBeds
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