Highland Community Hospital
Picayune, Pearl River County, MS
· CCN 250117
Licensed to Forrest County General Hospital
Composite
57.7
rank score
Distress
90
FY2023
Fit
43
vs thesis
Estimated ticket
$3.4M–$6.9M
49 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy below 30%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $40.0M |
| Operating margin | -29.4% |
| Total margin | -26.8% |
| Days cash on hand | 1 |
| Current ratio | 0.03 |
| Occupancy | 30% |
Facility
| Beds | 49 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| 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 | 49 | $34.2M | $-11.9M | -40.3% | -33.0% | 1 | 0.03 | 50% | 1,819 | 93 |
| 2021 | 49 | $44.3M | $-2.5M | -20.3% | -4.9% | 1 | 0.04 | 52% | 1,678 | 89 |
| 2022 | 49 | $42.4M | $-9.5M | -27.5% | -21.3% | 0 | 0.03 | 34% | 1,312 | 97 |
| 2023 | 49 | $40.0M | $-10.9M | -29.4% | -26.8% | 1 | 0.03 | 30% | 1,136 | 90 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ben Hester | corporate director | 2015-08 | ||
| Ben Hester | w-2 managing employee | 2015-08 | ||
| Ben Hester | operational/managerial control | 2015-08 | ||
| Forrest County General Hospital | 5% or greater direct ownership interest | 2006-05 | ||
| Forrest County General Hospital | operational/managerial control | 2006-05 | ||
| James Cartlidge | corporate officer | 2012-01 | ||
| John Keene | corporate officer | 2012-01 | ||
| Marcus Hogan | corporate officer | 2012-01 | ||
| Reginald Woullard | corporate director | 2006-05 | ||
| Richard Preusch | corporate director | 2006-05 | ||
| Richard Woodard | corporate director | 2012-01 | ||
| Richard Woodard | w-2 managing employee | 2009-10 |
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 |