Trace Regional Hospital
Houston, Chickasaw County, MS · CCN 250017
Composite
53.7
rank score
Distress
84
FY2024
Fit
40
vs thesis
Estimated ticket
$1.7M–$3.4M
24 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
- debt above 85% of assets
- margin deteriorating sharply
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $11.3M |
| Operating margin | -19.1% |
| Total margin | -18.9% |
| Days cash on hand | 1 |
| Current ratio | 2.78 |
| Occupancy | — |
Facility
| Beds | 24 |
| Facility type | STH |
| Setting | rural |
| Ownership class | for-profit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 39 | $13.3M | $6.4M | 10.1% | 35.0% | 191 | 7.14 | 0% | 6 | 9 |
| 2022 | 24 | $13.4M | $-1.1M | -26.9% | -7.0% | 53 | 4.28 | 4% | 15 | 66 |
| 2023 | 24 | $13.6M | $-2.2M | -20.5% | -15.3% | 44 | 2.63 | 3% | 9 | 70 |
| 2024 | 24 | $11.3M | $-2.1M | -19.1% | -18.9% | 1 | 2.78 | — | — | 84 |
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 |