Tallahatchie Critical Access Hospita
Charleston, Tallahatchie County, MS
· CCN 251304
Licensed to Tallahatchie General Hospital
Composite
32.0
rank score
Distress
33
FY2023
Fit
43
vs thesis
Estimated ticket
$1.5M–$3.1M
18 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin negative
- 60-90 days cash on hand
- margin deteriorating sharply
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $36.6M |
| Operating margin | -1.9% |
| Total margin | 4.3% |
| Days cash on hand | 74 |
| Current ratio | 2.76 |
| Occupancy | 67% |
Facility
| Beds | 18 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| 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 | 18 | $30.8M | $3.5M | -7.1% | 9.4% | 109 | 1.04 | 68% | 77 | 30 |
| 2021 | 18 | $29.8M | $6.9M | -5.6% | 17.5% | 61 | 1.43 | 51% | 64 | 38 |
| 2022 | 18 | $30.9M | $-1.8M | -6.7% | -5.6% | 101 | 2.33 | 58% | 48 | 41 |
| 2023 | 18 | $36.6M | $1.7M | -1.9% | 4.3% | 74 | 2.76 | 67% | 54 | 33 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Charles Weissinger | corporate officer | 2024-01 | ||
| Charles Weissinger | w-2 managing employee | 2024-01 | ||
| Donald Blackwood | corporate director | 2011-02 | ||
| Frank Mcrae | corporate officer | 2016-08 | ||
| Heather Godsey | w-2 managing employee | 2024-03 | ||
| Tallahatchie General Hospital | 5% or greater direct ownership interest | 2002-02 |
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 |