Ochsner Rush Medical Center
Meridian, Lauderdale County, MS
· CCN 250069
Licensed to Rush Medical Foundation
Composite
56.2
rank score
Distress
77
FY2023
Fit
54
vs thesis
Estimated ticket
$13.4M–$26.7M
191 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- under 30 days cash on hand
- current liabilities exceed current assets
- debt above 85% of assets
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $142M |
| Operating margin | -7.5% |
| Total margin | -2.7% |
| Days cash on hand | 0 |
| Current ratio | 0.95 |
| Occupancy | 33% |
Facility
| Beds | 191 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 182 | $131M | $13.5M | 2.1% | 9.5% | 142 | 1.87 | 34% | 5,351 | 18 |
| 2021 | 191 | $136M | $-2.3M | -6.3% | -1.6% | 68 | 2.53 | 32% | 5,731 | 53 |
| 2022 | 191 | $122M | $527K | -19.1% | 0.4% | 5 | 0.89 | 29% | 4,351 | 79 |
| 2023 | 191 | $142M | $-4.0M | -7.5% | -2.7% | 0 | 0.95 | 33% | 4,860 | 77 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ochsner Clinic Foundation | 5% or greater indirect ownership interest | 100 | 2022-07 | |
| Rush Health Systems Inc | 5% or greater direct ownership interest | 100 | 2022-07 | |
| Alan Gartrell | corporate director | 2022-07 | ||
| Alan Gartrell | operational/managerial control | 2022-07 | ||
| Darrell Wildman | corporate director | 2022-07 | ||
| Darrell Wildman | operational/managerial control | 2022-07 | ||
| David Butler | corporate officer | 2022-07 | ||
| David Butler | w-2 managing employee | 2022-07 | ||
| David Butler | operational/managerial control | 2022-07 | ||
| Don Kennedy | corporate officer | 2022-07 | ||
| Don Kennedy | w-2 managing employee | 2022-07 | ||
| Don Kennedy | operational/managerial control | 2022-07 | ||
| Faye Martin | corporate director | 2022-07 | ||
| Faye Martin | operational/managerial control | 2022-07 | ||
| James Molloy | corporate officer | 2024-01 | ||
| Johnathan Lee | corporate director | 2022-07 | ||
| Johnathan Lee | operational/managerial control | 2022-07 | ||
| Michael Hulefeld | corporate officer | 2022-11 | ||
| Michael Hulefeld | corporate director | 2022-07 | ||
| Michael Hulefeld | operational/managerial control | 2022-07 | ||
| Ochsner Clinic Foundation | operational/managerial control | 2022-07 | ||
| Peter November | corporate officer | 2022-11 | ||
| Peter November | corporate director | 2022-07 | ||
| Peter November | operational/managerial control | 2022-07 | ||
| Rush Health Systems Inc | operational/managerial control | 2008-05 |
Showing 25 of 26. Full list via /api/targets/250069.
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 |