Choctaw Regional Medical Center
Ackerman, Choctaw County, MS
· CCN 251334
Licensed to Choctaw Regional Medical Center
Composite
35.2
rank score
Distress
47
FY2023
Fit
35
vs thesis
Estimated ticket
$1.3M–$2.5M
15 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- total margin negative
- 90-150 days cash on hand
- occupancy 30-45%
- margin deteriorating
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $20.4M |
| Operating margin | -14.5% |
| Total margin | -0.6% |
| Days cash on hand | 147 |
| Current ratio | 7.68 |
| Occupancy | 34% |
Facility
| Beds | 15 |
| 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 | 15 | $19.0M | $1.0M | -23.5% | 4.2% | 125 | 1.05 | 45% | 152 | 41 |
| 2021 | 15 | $19.6M | $3.2M | -15.4% | 12.5% | 65 | 1.72 | 35% | 154 | 43 |
| 2022 | 15 | $20.5M | $1.7M | -12.5% | 6.9% | 106 | 5.70 | 36% | 101 | 38 |
| 2023 | 15 | $20.4M | $-142K | -14.5% | -0.6% | 147 | 7.68 | 34% | 105 | 47 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Steve Marinelli | operational/managerial control | 100 | 2020-08 | |
| Choctaw Regional Medical Center | other | 2014-08 | ||
| Steve Marinelli | corporate officer | 2020-08 | ||
| Susan Hollingsworth | corporate director | 2015-07 | ||
| Susan Hollingsworth | w-2 managing employee | 2014-08 | ||
| Trella Long | w-2 managing employee | 2014-08 |
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 |
|---|---|---|---|---|
| 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 |