Alliance Healthcare System
Holly Springs, Marshall County, MS · CCN 250012
Composite
65.8
rank score
Distress
100
FY2023
Fit
52
vs thesis
Estimated ticket
$7.0M–$28.0M
20 beds ·
within envelope
Ownership
for-profit
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%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- very small facility
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $1.4M |
| Operating margin | -47.3% |
| Total margin | -39.9% |
| Days cash on hand | 0 |
| Current ratio | 0.46 |
| Occupancy | 13% |
Facility
| Beds | 20 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 27 | $9.3M | $-2.4M | -31.2% | -25.1% | 32 | 0.75 | 21% | 278 | 94 |
| 2021 | 27 | $9.9M | $-1.7M | -23.8% | -15.6% | 0 | 1.27 | 22% | 342 | 90 |
| 2022 | 20 | $7.8M | $-2.3M | -35.3% | -27.0% | 0 | 1.34 | 18% | 206 | 90 |
| 2023 | 20 | $1.4M | $-597K | -47.3% | -39.9% | 0 | 0.46 | 13% | 37 | 100 |
Owners
No ownership records — CMS has no owner filings mapped to this CCN.
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 |