North Mississippi Specialty Hospital
Batesville, Panola County, MS
· CCN 252014
Licensed to Mississippi Ltac Holdings, Llc
Composite
52.6
rank score
Distress
76
FY2023
Fit
46
vs thesis
Estimated ticket
$1.3M–$2.6M
31 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- 30-60 days cash on hand
- current ratio under 1.5
- liabilities exceed assets
- occupancy below 30%
- 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
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $5.1M |
| Operating margin | -11.8% |
| Total margin | -11.6% |
| Days cash on hand | 44 |
| Current ratio | 1.06 |
| Occupancy | 24% |
Facility
| Beds | 31 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 31 | $580K | $-1.1M | -182.3% | -182.3% | 147 | 2.30 | 8% | 15 | 69 |
| 2023 | 31 | $5.1M | $-596K | -11.8% | -11.6% | 44 | 1.06 | 24% | 111 | 76 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Amg 3.0, Llc | 5% or greater indirect ownership interest | 100 | 2023-11 | |
| August Rantz | corporate officer | 100 | 2021-11 | |
| North Mississippi-Amg Specialty Hospital, Inc. | 5% or greater direct ownership interest | 100 | 2023-11 | |
| Benjamin Miller | corporate officer | 50 | 2023-11 | |
| Jessica Mcgee | corporate officer | 50 | 2021-12 | |
| Joshua Hammons | w-2 managing employee | 50 | 2025-12 | |
| Timothy Howard | corporate officer | 50 | 2023-11 | |
| August Rantz | 5% or greater indirect ownership interest | 40 | 2023-11 | |
| Rantz Iv Enterprises Llc | 5% or greater indirect ownership interest | 40 | 2023-11 | |
| Timothy Howard | 5% or greater indirect ownership interest | 40 | 2023-11 | |
| Benjamin Miller | 5% or greater indirect ownership interest | 10 | 2023-11 | |
| Jessica Mcgee | 5% or greater indirect ownership interest | 10 | 2023-11 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.