Allegiance Specialty Hospital Of Gre
Greenville, Washington County, MS
· CCN 252013
Licensed to Allegiance Specialty Hospital Of Greenville Llc
Composite
63.6
rank score
Distress
97
FY2023
Fit
50
vs thesis
Estimated ticket
$1.6M–$3.3M
39 beds ·
within envelope
Ownership
for-profit
LTCH
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
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- LTCH — distress here is a payment-model artifact
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $12.4M |
| Operating margin | -18.0% |
| Total margin | -18.0% |
| Days cash on hand | 13 |
| Current ratio | 0.58 |
| Occupancy | 40% |
Facility
| Beds | 39 |
| Facility type | LTCH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $42.0K |
| Per-bed (high) | $84.0K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 39 | $13.1M | $406K | 3.1% | 3.1% | 10 | 0.94 | 55% | 258 | 44 |
| 2021 | 39 | $12.9M | $-298K | -2.3% | -2.3% | 25 | 0.85 | 57% | 241 | 68 |
| 2022 | 39 | $11.2M | $-4.9M | -44.0% | -44.0% | 97 | 1.97 | 50% | 213 | 51 |
| 2023 | 39 | $12.4M | $-2.2M | -18.0% | -18.0% | 13 | 0.58 | 40% | 186 | 97 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Rock Bordelon | 5% or greater direct ownership interest | 60 | 2011-04 | |
| James Ballengee | 5% or greater indirect ownership interest | 36 | 2011-04 | |
| Jorgan Development, Llc | 5% or greater indirect ownership interest | 36 | 2011-04 | |
| Mary Helen Ballengee Trust | 5% or greater indirect ownership interest | 36 | 2017-12 | |
| Allegiance Health Management Inc | operational/managerial control | 2020-07 | ||
| Donald Cameron | corporate director | 2011-04 | ||
| Pamela Redd | w-2 managing employee | 2025-09 | ||
| Rock Bordelon | corporate director | 2011-04 | ||
| Rock Bordelon | operational/managerial control | 2011-04 | ||
| Scott Markstrom | corporate director | 2011-04 | ||
| Timothy Reed | corporate director | 2021-11 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.