Memorial Hospital At Gulfport
Gulfport, Harrison County, MS
· CCN 250019
Licensed to Memorial Hospital At Gulfport
Composite
46.2
rank score
Distress
51
FY2023
Fit
58
vs thesis
Estimated ticket
$24.2M–$48.5M
285 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- under 30 days cash on hand
- current ratio under 1.5
- margin slipping
- rural — cheaper but limited density
- large — ticket likely stretches the envelope
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $692M |
| Operating margin | -16.5% |
| Total margin | 2.4% |
| Days cash on hand | 7 |
| Current ratio | 1.09 |
| Occupancy | 68% |
Facility
| Beds | 285 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 309 | $545M | $16.7M | -19.3% | 2.5% | 76 | 1.74 | 62% | 15,662 | 38 |
| 2021 | 303 | $617M | $-61.0M | -23.9% | -8.7% | 14 | 1.12 | 68% | 15,383 | 70 |
| 2022 | 278 | $700M | $-14.2M | -15.7% | -1.8% | 6 | 0.81 | 71% | 15,075 | 67 |
| 2023 | 285 | $692M | $19.7M | -16.5% | 2.4% | 7 | 1.09 | 68% | 15,704 | 51 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| City Of Gulfport | 5% or greater direct ownership interest | 50 | 1989-02 | |
| Harrison County Board Of Supervisors | 5% or greater direct ownership interest | 50 | 1989-02 | |
| Ajm Oustalet | corporate officer | 5 | 2009-03 | |
| Carlos Bell | corporate officer | 5 | 2018-11 | |
| Claire Tindell | corporate officer | 5 | 2019-01 | |
| Peggy Noonan | corporate director | 5 | 2020-05 | |
| Peggy Noonan | w-2 managing employee | 5 | 2006-01 | |
| Thaddeus Carter | corporate officer | 5 | 2017-08 | |
| Carrolyn Hamilton | corporate director | 2009-08 | ||
| David H White | corporate director | 1993-09 | ||
| Jennifer Dumal | w-2 managing employee | 1998-02 | ||
| Kent Nicaud | corporate director | 2008-11 | ||
| Kent Nicaud | w-2 managing employee | 2008-11 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2019-11-01 | acquisition/merger | Memorial Hospital At Gulfport | Stone County Hospital, Inc |
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 |