Monroe Health Services Inc.
dba North Mississippi Medical Center-Gilmore-Amory ·
Amory, Monroe County, MS
· CCN 250025
Licensed to Monroe Health Services Inc
Composite
36.4
rank score
Distress
40
FY2023
Fit
46
vs thesis
Estimated ticket
$9.5M–$19.0M
95 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- occupancy below 30%
- rural — cheaper but limited density
- bed count in the target band
- 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 | $49.7M |
| Operating margin | 10.2% |
| Total margin | 11.4% |
| Days cash on hand | 7 |
| Current ratio | -2.53 |
| Occupancy | 29% |
Facility
| Beds | 95 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 94 | $31.4M | $-3.1M | -12.7% | -9.7% | 34 | 0.64 | 31% | 1,880 | 84 |
| 2021 | 94 | $42.1M | $4.0M | 1.6% | 8.9% | 6 | 0.76 | 33% | 2,130 | 48 |
| 2022 | 94 | $46.0M | $5.7M | 6.2% | 11.6% | 10 | 1.53 | 30% | 1,939 | 31 |
| 2023 | 95 | $49.7M | $5.7M | 10.2% | 11.4% | 7 | -2.53 | 29% | 2,044 | 40 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| North Mississippi Health Services Inc | 5% or greater direct ownership interest | 100 | 2019-01 | |
| Bradley Blalock | corporate director | 2021-10 | ||
| Bruce Toppin | corporate officer | 2019-01 | ||
| Bruce Toppin | corporate director | 2019-01 | ||
| David Corbett | corporate director | 2021-10 | ||
| David Thomas | corporate director | 2021-10 | ||
| Hozay Hausley | corporate director | 2021-10 | ||
| Jamie Rodgers | w-2 managing employee | 2021-10 | ||
| Michael Spees | corporate officer | 2019-01 | ||
| Michael Spees | corporate director | 2019-01 | ||
| Sharon Nobles | corporate officer | 2019-01 | ||
| Sharon Nobles | corporate director | 2019-01 | ||
| Shawn Helton | corporate director | 2021-10 | ||
| Vern Christensen | corporate director | 2021-10 | ||
| William Scaggs | corporate director | 2021-10 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2019-01-01 | change of ownership | Monroe Health Services Inc | Amory Regional Medical Center 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 |