Madison River Oaks Medical Center
dba Ummc Madison ·
Canton, Madison County, MS
· CCN 250038
Licensed to State Of Mississippi-University Of Mississippi Medical Center
Already transacted. CMS recorded an ownership change effective
2025-05-01. Confirm the current owner before spending a call on this.
Composite
20.2
rank score
Distress
66
FY2023
Fit
65
vs thesis
Estimated ticket
$28.5M–$114M
67 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin under 2%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy below 30%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size somewhat below the envelope
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
- changed ownership 2025-05-01 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $38.6M |
| Operating margin | 1.4% |
| Total margin | 2.4% |
| Days cash on hand | 0 |
| Current ratio | 0.23 |
| Occupancy | 20% |
Facility
| Beds | 67 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 67 | $32.6M | $2.7M | -1.0% | 7.5% | 0 | 0.07 | 18% | 1,029 | 71 |
| 2021 | 67 | $35.8M | $3.5M | -0.1% | 8.8% | 0 | 0.21 | 19% | 839 | 71 |
| 2022 | 67 | $32.9M | $-2.1M | -1.2% | -6.7% | 0 | 0.17 | 19% | 902 | 83 |
| 2023 | 67 | $38.6M | $942K | 1.4% | 2.4% | 0 | 0.23 | 20% | 1,106 | 66 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| State Of Mississippi-University Of Mississippi Medical Center | 5% or greater direct ownership interest | 100 | 2025-05 | chain |
| Britton Phelps | w-2 managing employee | 2025-05 | ||
| Dodie Mcelmurray | w-2 managing employee | 2025-05 | ||
| Jeffrey Grimsley | w-2 managing employee | 2025-05 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2025-05-01 | change of ownership | State Of... | Madison Hma Llc |
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 |