George County Hospital
Lucedale, George County, MS
· CCN 250036
Licensed to George County Hospital
Composite
29.8
rank score
Distress
28
FY2023
Fit
43
vs thesis
Estimated ticket
$3.9M–$7.8M
39 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin -10% to -5%
- occupancy below 30%
- 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
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $42.2M |
| Operating margin | -6.4% |
| Total margin | 13.1% |
| Days cash on hand | 307 |
| Current ratio | 11.33 |
| Occupancy | 19% |
Facility
| Beds | 39 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| 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 | 39 | $36.4M | $3.5M | -4.6% | 8.3% | 329 | 2.93 | 26% | 980 | 24 |
| 2021 | 39 | $44.0M | $13.2M | -3.9% | 22.4% | 246 | 5.25 | 31% | 793 | 21 |
| 2022 | 39 | $42.1M | $7.3M | -5.4% | 14.2% | 277 | 10.88 | 24% | 809 | 31 |
| 2023 | 39 | $42.2M | $6.7M | -6.4% | 13.1% | 307 | 11.33 | 19% | 697 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Greg Havard | operational/managerial control | 100 | 2015-01 | |
| Greg Havard | corporate director | 2015-01 | ||
| Greg Havard | w-2 managing employee | 2015-01 | ||
| Jeff Howell | corporate director | 2007-10 | ||
| Margaret Dixon | corporate director | 2007-10 | ||
| Robert Langley | corporate director | 2007-10 | ||
| Wilson Williams | corporate director | 2007-10 |
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 |