North Sunflower County Hospital
Ruleville, Sunflower County, MS
· CCN 251318
Licensed to North Sunflower Medical Center
Composite
53.5
rank score
Distress
77
FY2023
Fit
47
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- 30-60 days cash on hand
- liabilities exceed assets
- occupancy 45-60%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $73.6M |
| Operating margin | -11.7% |
| Total margin | -8.0% |
| Days cash on hand | 49 |
| Current ratio | 2.25 |
| Occupancy | 57% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $59.5K |
| Per-bed (high) | $119K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $59.5M | $261K | -15.5% | 0.4% | 122 | 2.43 | 68% | 441 | 47 |
| 2021 | 25 | $68.2M | $2.8M | -4.4% | 3.8% | 107 | 1.33 | 73% | 464 | 34 |
| 2022 | 25 | $70.1M | $-2.8M | -7.2% | -3.8% | 93 | 2.33 | 55% | 477 | 52 |
| 2023 | 25 | $73.6M | $-6.2M | -11.7% | -8.0% | 49 | 2.25 | 57% | 290 | 77 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Kerry Walters | operational/managerial control | 100 | 2011-11 | |
| North Sunflower Medical Center | operational/managerial control | 100 | 2004-10 | |
| Jose Ceja | corporate officer | 2020-02 | ||
| Jose Ceja | corporate director | 2020-02 | ||
| Kerry Walters | corporate officer | 2012-08 | ||
| Samuel Miller | corporate officer | 2015-07 | ||
| Samuel Miller | operational/managerial control | 2015-07 |
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 |