Magee General Hospital
Magee, Simpson County, MS
· CCN 250124
Licensed to Magee Benevolent Association
Composite
55.0
rank score
Distress
67
FY2023
Fit
62
vs thesis
Estimated ticket
$18.7M–$74.8M
44 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio under 1.5
- occupancy below 30%
- urban — higher occupancy and iteration surface
- small but workable bed count
- ticket size somewhat below the envelope
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $14.8M |
| Operating margin | -15.5% |
| Total margin | -5.9% |
| Days cash on hand | 14 |
| Current ratio | 1.20 |
| Occupancy | 19% |
Facility
| Beds | 44 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 | 44 | $14.1M | $-1.1M | -13.3% | -7.1% | 148 | 0.66 | 37% | 680 | 71 |
| 2021 | 44 | $16.5M | $1.9M | -8.5% | 9.7% | 153 | 1.52 | 20% | 553 | 31 |
| 2022 | 44 | $15.9M | $1.5M | -16.5% | 7.4% | 26 | 1.72 | 22% | 520 | 59 |
| 2023 | 44 | $14.8M | $-952K | -15.5% | -5.9% | 14 | 1.20 | 19% | 434 | 67 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Chanda Roberts | w-2 managing employee | 100 | 2017-08 | |
| Arthur Siggers | corporate director | 2025-08 | ||
| Chanda Roberts | corporate director | 2013-03 | ||
| Elsa Brewer | corporate director | 2025-08 | ||
| George Walters | corporate director | 2025-08 | ||
| Gregg Gibbes | w-2 managing employee | 2019-04 | ||
| Jack Scoggin | corporate director | 2025-08 | ||
| Lewis Goins | corporate director | 2025-08 | ||
| Martha Prewitt | corporate director | 2014-01 | ||
| Michael Lowe | corporate director | 2025-08 | ||
| Trilogy Healthcare Solutions Llc | operational/managerial control | 2017-07 | ||
| Victor Jones | corporate director | 2025-08 |
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 |