Webster Health Services
dba Webster General Hospital ·
Eupora, Webster County, MS
· CCN 250020
Licensed to Webster Health Services Inc
Composite
63.4
rank score
Distress
100
FY2023
Fit
46
vs thesis
Estimated ticket
$2.7M–$5.3M
38 beds ·
within envelope
Ownership
nonprofit
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
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $21.3M |
| Operating margin | -12.3% |
| Total margin | -9.1% |
| Days cash on hand | 17 |
| Current ratio | 0.46 |
| Occupancy | 28% |
Facility
| Beds | 38 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 38 | $18.9M | $-797K | -17.4% | -3.7% | 36 | 0.58 | 43% | 797 | 87 |
| 2021 | 38 | $20.9M | $3.3M | -16.4% | 12.0% | 12 | 1.18 | 37% | 668 | 70 |
| 2022 | 38 | $21.0M | $-2.0M | -22.6% | -8.4% | 8 | 0.59 | 33% | 566 | 97 |
| 2023 | 38 | $21.3M | $-2.0M | -12.3% | -9.1% | 17 | 0.46 | 28% | 522 | 100 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Belinda Stewart | corporate director | 2022-08 | ||
| Bruce Toppin | corporate officer | 1997-11 | ||
| Harold Whitaker | corporate director | 2011-11 | ||
| James Mason | corporate director | 2022-08 | ||
| Michael Spees | operational/managerial control | 2014-02 | ||
| North Mississippi Health Services Inc | 5% or greater direct ownership interest | 1992-08 | ||
| Robin Mixon | w-2 managing employee | 2017-10 | ||
| Sharon Nobles | corporate officer | 2017-04 | ||
| Stan Blaylock | corporate director | 2022-08 | ||
| Talmage Young | corporate director | 2022-08 | ||
| Thomas Browder | corporate director | 2022-08 |
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 |