Singing River Gulfport
Gulfport, Harrison County, MS
· CCN 250123
Licensed to Singing River Gulfport
Composite
50.7
rank score
Distress
53
FY2023
Fit
67
vs thesis
Estimated ticket
$48.0M–$192M
113 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin under 2%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy 30-45%
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- thin occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $114M |
| Operating margin | 1.2% |
| Total margin | 3.1% |
| Days cash on hand | 16 |
| Current ratio | 0.45 |
| Occupancy | 40% |
Facility
| Beds | 113 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 100 | $34.0M | $-29.1M | -91.2% | -81.3% | 0 | 1.23 | 19% | 1,404 | 79 |
| 2021 | 100 | $60.8M | $-13.8M | -25.8% | -22.0% | 16 | 0.51 | 37% | 3,380 | 93 |
| 2022 | 100 | $92.5M | $-9.1M | -12.7% | -9.5% | 15 | 0.43 | 42% | 3,792 | 97 |
| 2023 | 113 | $114M | $3.6M | 1.2% | 3.1% | 16 | 0.45 | 40% | 3,703 | 53 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Singing River Health System | 5% or greater direct ownership interest | 100 | 2020-06 | |
| Jason Mcneil | corporate officer | 2021-07 | ||
| Jason Mcneil | w-2 managing employee | 2021-07 | ||
| Jason Mcneil | operational/managerial control | 2021-07 | ||
| Laurin St. Pe' | corporate officer | 2023-07 | ||
| Laurin St. Pe' | w-2 managing employee | 2023-07 | ||
| Laurin St. Pe' | operational/managerial control | 2023-07 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2020-10-01 | change of ownership | Singing River Gulfport | Gpch-Gp, Inc. |
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 |