Beacham Memorial Hospital
Magnolia, Pike County, MS
· CCN 250049
Licensed to Freedom Hospital Of Magnolia Llc
Composite
53.9
rank score
Distress
85
FY2024
Fit
39
vs thesis
Estimated ticket
$1.2M–$2.4M
17 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- debt above 85% of assets
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $6.0M |
| Operating margin | -20.4% |
| Total margin | -13.9% |
| Days cash on hand | 0 |
| Current ratio | 1.51 |
| Occupancy | 12% |
Facility
| Beds | 17 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 17 | $5.1M | $2.4M | -3.1% | 31.1% | 301 | 1.48 | 12% | 163 | 32 |
| 2022 | 17 | $5.2M | $1.2M | -2.1% | 18.6% | 86 | 3.02 | 6% | 104 | 34 |
| 2023 | 17 | $5.3M | $61.9K | -7.7% | 1.1% | 15 | 4.50 | 9% | 392 | 61 |
| 2024 | 17 | $6.0M | $-875K | -20.4% | -13.9% | 0 | 1.51 | 12% | 182 | 85 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Rock Bordelon | 5% or greater direct ownership interest | 50 | 2019-08 | |
| Timothy Reed | 5% or greater direct ownership interest | 50 | 2016-03 | |
| Azizah Verrett | contracted managing employee | 2016-03 | ||
| Tara Reed | contracted managing employee | 2016-03 | ||
| Timothy Reed | corporate officer | 2016-03 | ||
| Timothy Reed | operational/managerial control | 2016-03 |
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 |