Pearl River County Hospital
dba Pearl River County Hospital And Nursing Home ·
Poplarville, Pearl River County, MS
· CCN 251333
Licensed to Forrest County General Hospital
Composite
44.4
rank score
Distress
71
FY2023
Fit
31
vs thesis
Estimated ticket
$1.4M–$2.9M
24 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin negative
- total margin negative
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy below 30%
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $20.9M |
| Operating margin | -3.5% |
| Total margin | -2.9% |
| Days cash on hand | 1 |
| Current ratio | 0.17 |
| Occupancy | 28% |
Facility
| Beds | 24 |
| 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 | 24 | $10.8M | $-2.3M | -24.7% | -20.2% | 3 | -0.41 | 25% | 37 | 100 |
| 2021 | 24 | $16.1M | $374K | -23.3% | 1.8% | 4 | 0.21 | 24% | 23 | 87 |
| 2022 | 24 | $18.4M | $-1.9M | -14.0% | -9.8% | 1 | 0.18 | 26% | 49 | 100 |
| 2023 | 24 | $20.9M | $-620K | -3.5% | -2.9% | 1 | 0.17 | 28% | 12 | 71 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Forrest County General Hospital | 5% or greater direct ownership interest | 100 | 2020-02 | |
| Forrest County General Hospital | operational/managerial control | 100 | 2020-02 | |
| Andrew Mercier | corporate director | 2024-03 | ||
| Andrew Mercier | operational/managerial control | 2024-03 | ||
| Ben Hester | corporate officer | 2020-02 | ||
| Ben Hester | w-2 managing employee | 2020-02 | ||
| Ben Hester | operational/managerial control | 2020-02 | ||
| Courtney Lowrimore | w-2 managing employee | 2020-02 | ||
| Erik Steele | corporate director | 2020-02 | ||
| Erik Steele | operational/managerial control | 2020-02 | ||
| Harry Mcarthur | corporate director | 2024-08 | ||
| Harry Mcarthur | operational/managerial control | 2024-08 | ||
| Jana Causey | corporate director | 2023-01 | ||
| Jana Causey | operational/managerial control | 2023-01 | ||
| Lewis Hatten | corporate director | 2025-01 | ||
| Lewis Hatten | operational/managerial control | 2025-01 | ||
| Peggy Answorth | corporate director | 2023-04 | ||
| Peggy Answorth | operational/managerial control | 2023-04 | ||
| Shea Mcnease | corporate director | 2024-08 | ||
| Shea Mcnease | operational/managerial control | 2024-08 | ||
| Sheree Jenkins | corporate director | 2020-02 | ||
| Sheree Jenkins | w-2 managing employee | 2020-02 | ||
| Sheree Jenkins | operational/managerial control | 2020-02 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2020-02-01 | change of ownership | Forrest County General Hospital | Pearl River County Hospital &... |
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 |