S.e. Lackey Memorial Hospital
dba Se Lackey Memorial Hospital ·
Forest, MS
· CCN 251300
Licensed to Independent Healthcare Management Inc
Composite
33.3
rank score
Distress
34
FY2023
Fit
45
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin -10% to -5%
- 60-90 days cash on hand
- occupancy 30-45%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $37.4M |
| Operating margin | -7.7% |
| Total margin | 9.1% |
| Days cash on hand | 62 |
| Current ratio | 3.42 |
| Occupancy | 36% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $15.0M | $-1.4M | -8.5% | -7.8% | 258 | 1.30 | 49% | 135 | 44 |
| 2021 | 25 | $39.9M | $1.4M | 13.2% | 3.1% | 111 | 1.53 | 42% | 339 | 10 |
| 2022 | 25 | $34.1M | $1.0M | -2.1% | 2.3% | 89 | 1.24 | 36% | 257 | 39 |
| 2023 | 25 | $37.4M | $4.8M | -7.7% | 9.1% | 62 | 3.42 | 36% | 274 | 34 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| John Lee | corporate officer | 100 | 2016-10 | |
| John Lee | corporate director | 100 | 2016-10 | |
| John Lee | operational/managerial control | 100 | 2016-10 | |
| Sydney Sawyer | corporate director | 100 | 2016-01 | |
| Sydney Sawyer | operational/managerial control | 100 | 2016-01 | |
| Independent Healthcare Management Inc | 5% or greater direct ownership interest | 2019-01 | ||
| Independent Healthcare Management Inc | operational/managerial control | 2019-01 |
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 |
|---|---|---|---|---|
| 2020-02-01 | Forrest County General Hospital | Pearl River County Hospital & Nursing Home | Pearl River County Hospital | 24 |
| 2017-10-01 | Boa Vida Hospital Of Aberdeen Ms Llc | Pioneer Health Services Of Monroe... | Monroe Regional Hospital | 25 |