South Mississippi State Hospital
Purvis, Lamar County, MS
· CCN 254008
Licensed to South Mississippi State Hospital
Composite
59.5
rank score
Distress
71
FY2024
Fit
69
vs thesis
Estimated ticket
$9.6M–$38.5M
50 beds ·
within envelope
Ownership
government
PH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- 60-90 days cash on hand
- current ratio below 0.8
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $1.8M |
| Operating margin | -407.8% |
| Total margin | -15.8% |
| Days cash on hand | 77 |
| Current ratio | -9.11 |
| Occupancy | 90% |
Facility
| Beds | 50 |
| Facility type | PH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $192K |
| Per-bed (high) | $770K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 50 | $2.4M | $3.0M | -208.5% | 28.8% | 141 | 6.29 | 85% | 396 | 32 |
| 2022 | 50 | $2.1M | $-1.7M | -300.3% | -25.5% | 50 | 2.14 | 91% | 388 | 61 |
| 2023 | 50 | $1.9M | $-1.3M | -382.6% | -16.7% | 37 | -4.38 | 93% | 392 | 74 |
| 2024 | 50 | $1.8M | $-1.3M | -407.8% | -15.8% | 77 | -9.11 | 90% | 369 | 71 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Sabrina Young | corporate director | 100 | 2017-01 | |
| Sabrina Young | w-2 managing employee | 100 | 2017-10 | |
| South Mississippi State Hospital | 5% or greater direct ownership interest | 100 | 1997-11 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.