Crossgates River Oaks Hospital
dba Merit Health Rankin ·
Brandon, Rankin County, MS
· CCN 250096
Licensed to Brandon Hma Llc
Composite
67.0
rank score
Distress
91
FY2023
Fit
65
vs thesis
Estimated ticket
$30.1M–$120M
86 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy below 30%
- margin deteriorating sharply
- 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
Latest financials · FY2023
| Net patient revenue | $41.8M |
| Operating margin | -6.1% |
| Total margin | -5.9% |
| Days cash on hand | 0 |
| Current ratio | 0.22 |
| Occupancy | 15% |
Facility
| Beds | 86 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 64 | $34.8M | $38.7K | -9.0% | 0.1% | 0 | 0.20 | 23% | 1,205 | 81 |
| 2021 | 64 | $39.0M | $-615K | -1.8% | -1.6% | 0 | 0.21 | 17% | 1,002 | 79 |
| 2022 | 86 | $40.4M | $-278K | -4.4% | -0.7% | 0 | 0.21 | 18% | 1,326 | 79 |
| 2023 | 86 | $41.8M | $-2.5M | -6.1% | -5.9% | 0 | 0.22 | 15% | 1,166 | 91 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Chs Community Health Systems Inc | 5% or greater indirect ownership interest | 100 | 2014-01 | |
| Community Health Systems Inc | 5% or greater indirect ownership interest | 100 | 2014-01 | |
| Hma-Tri Holdings Llc | 5% or greater indirect ownership interest | 100 | 2015-12 | |
| Mississippi Hma Holdings Ii Llc | 5% or greater direct ownership interest | 100 | 2014-01 | |
| Health Management Associates Llc | 5% or greater indirect ownership interest | 99 | 2015-12 | |
| Health Management Associates Lp | 5% or greater indirect ownership interest | 99 | 2014-01 | |
| Christopher Cobb | corporate officer | 2014-01 | ||
| David Henry | w-2 managing employee | 2025-04 | ||
| Edna Buffington-Price | corporate director | 2022-03 | ||
| Jason Johnson | corporate officer | 2020-01 | ||
| Jason Johnson | corporate director | 2026-01 | ||
| Justin Pitt | corporate officer | 2022-03 | ||
| Justin Pitt | corporate director | 2026-01 | ||
| Nathaniel Summar | corporate director | 2017-07 | ||
| Paula Lalor | corporate director | 2017-04 | ||
| Phillip Posey | corporate officer | 2026-01 | ||
| Roman Ottinger | corporate officer | 2020-01 | ||
| William Cash | corporate officer | 2018-06 | ||
| William Cash | corporate director | 2026-01 |
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 |