Clay County Medical Corporation
dba Clay County Medical Center ·
West Point, Clay County, MS
· CCN 250067
Licensed to Clay County Medical Corporation
Composite
37.5
rank score
Distress
39
FY2023
Fit
50
vs thesis
Estimated ticket
$4.9M–$9.8M
49 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin under 2%
- under 30 days cash on hand
- current liabilities exceed current assets
- occupancy 30-45%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $46.9M |
| Operating margin | 0.6% |
| Total margin | 4.0% |
| Days cash on hand | 12 |
| Current ratio | 0.83 |
| Occupancy | 32% |
Facility
| Beds | 49 |
| 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 | 49 | $33.9M | $795K | -9.0% | 2.1% | 38 | 0.56 | 33% | 1,179 | 62 |
| 2021 | 49 | $41.7M | $1.5M | -3.0% | 3.4% | 10 | 2.48 | 34% | 1,032 | 43 |
| 2022 | 49 | $45.4M | $4.3M | 0.5% | 8.7% | 8 | 0.42 | 33% | 923 | 48 |
| 2023 | 49 | $46.9M | $2.0M | 0.6% | 4.0% | 12 | 0.83 | 32% | 897 | 39 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Alice Pitts | corporate director | 2019-10 | ||
| Barry Keel | w-2 managing employee | 2021-10 | ||
| Bruce Toppin | corporate officer | 1997-11 | ||
| Edmund Miller | corporate director | 2018-10 | ||
| Fred Zepponi | corporate director | 2021-10 | ||
| Joseph Dyess | corporate director | 2017-10 | ||
| Joseph Stevens | corporate director | 2016-10 | ||
| Karen Mooney | corporate director | 2016-10 | ||
| Lisa Klutts | corporate director | 2021-10 | ||
| Mary Briggs | corporate director | 2016-10 | ||
| Michael Spees | operational/managerial control | 2014-02 | ||
| North Mississippi Health Services Inc | 5% or greater direct ownership interest | 1982-04 | ||
| Ronald Powell | corporate director | 2018-10 | ||
| Sharon Nobles | corporate officer | 2017-04 | ||
| Timothy Obrien | corporate director | 2017-10 | ||
| William Milican | corporate director | 2018-10 | ||
| William Sugg | corporate director | 2021-10 |
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 |