Quitman Community Hospital
Marks, Quitman County, MS
· CCN 251339
Licensed to Quitman Community Hospital
Composite
55.7
rank score
Distress
89
FY2023
Fit
39
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $2.9M |
| Operating margin | -101.9% |
| Total margin | -108.4% |
| Days cash on hand | 1 |
| Current ratio | 0.11 |
| Occupancy | — |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 25 | $2.7M | $-5.1M | -194.8% | -178.0% | 3 | 0.60 | 0% | 20 | 100 |
| 2023 | 25 | $2.9M | $-3.0M | -101.9% | -108.4% | 1 | 0.11 | — | — | 89 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Kirnjot Singh | operational/managerial control | 100 | 2026-02 | |
| Mejilda Spearman | w-2 managing employee | 100 | 2024-03 | |
| Quitman Community Hospital | 5% or greater direct ownership interest | 100 | 2022-05 | |
| Robert Whitwell | corporate officer | 2021-09 | ||
| Robert Whitwell | operational/managerial control | 2021-09 |
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 |