Mission Hospital Inc
Asheville, Buncombe County, NC
· CCN 340002
Licensed to Mh Mission Hospital, Lllp
Composite
38.9
rank score
Distress
20
FY2023
Fit
70
vs thesis
Estimated ticket
$71.7M–$143M
717 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- very large — likely out of range
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $1.3B |
| Operating margin | 12.5% |
| Total margin | 15.5% |
| Days cash on hand | 0 |
| Current ratio | 2.27 |
| Occupancy | 91% |
Facility
| Beds | 717 |
| Facility type | STH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 733 | $1.0B | $-106K | -12.6% | -0.0% | 1 | 0.74 | 76% | 43,122 | 71 |
| 2021 | 733 | $1.3B | $273M | 17.4% | 20.5% | 0 | 2.24 | 84% | 43,795 | 22 |
| 2022 | 733 | $1.3B | $156M | 7.4% | 11.5% | 0 | 2.30 | 85% | 42,734 | 22 |
| 2023 | 717 | $1.3B | $218M | 12.5% | 15.5% | 0 | 2.27 | 91% | 44,878 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Hca Healthcare Inc | 5% or greater indirect ownership interest | 100 | 2019-02 | |
| Hca Inc | 5% or greater indirect ownership interest | 100 | 2019-02 | chain |
| Healthtrust Inc - The Hospital Company | 5% or greater indirect ownership interest | 100 | 2019-02 | |
| Hti Hospital Holdings Inc | 5% or greater indirect ownership interest | 100 | 2019-02 | |
| Mh Hospital Holding Inc | 5% or greater indirect ownership interest | 100 | 2019-02 | |
| Mh Master Holding Lllp | 5% or greater direct ownership interest | 99 | 2019-02 | |
| Mh Master Holding Lllp | limited partnership interest | 99 | 2019-02 | |
| Frisco Holding Ii | 5% or greater indirect ownership interest | 16 | 2026-02 | |
| Hercules Holding Ii | 5% or greater indirect ownership interest | 14 | 2026-02 | |
| Mh Master Llc | general partnership interest | 1 | 2019-02 | |
| Eric Smith | contracted managing employee | 2021-03 | ||
| Greg Lowe | corporate officer | 2024-09 | ||
| Nicole Castleberry | corporate officer | 2025-07 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2019-02-01 | change of ownership | Mh Mission Hospital, Lllp | Mission Hospitals Inc. |
Who has been buying in NC
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 |
|---|---|---|---|---|
| 2026-02-01 | Atrium Health Hospitals Inc | The Charlotte-Mecklenburg Hospital... | Atrium Health Lincoln | 101 |
| 2026-02-01 | Atrium Health Hospitals Inc | The Charlotte-Mecklenburg Hospital... | Atrium Health Cleveland | 308 |
| 2025-07-01 | Atrium Health Hospitals Inc | The Charlotte-Mecklenburg Hospital... | Atrium Health Stanly | 97 |
| 2025-07-01 | Atrium Health Hospitals Inc | The Charlotte-Mecklenburg Hospital... | Atrium Health Anson | 15 |
| 2025-04-01 | Duke Health Lake Norman Regional... | Mooresville Hospital Management... | Lake Norman Regional Medical Center | 123 |
| 2024-03-02 | North Carolina Baptist Hospital | Davie Medical Center | North Carolina Baptist Hospital | 813 |
| 2021-10-01 | Pitt County Memorial Hospital Inc | East Carolina Health-Beaufort Inc | Pitt County Memorial Hospital Inc | 1,013 |
| 2021-10-01 | American Healthcare Systems Llc | Randolph Hospital, Inc. | American Healthcare Systems | 145 |
| 2021-02-01 | Novant Health New Hanover Regional... | New Hanover Regional Medical Center | New Hanover Regional Medical Center | 771 |
| 2019-02-01 | Mh Mission Hospital, Lllp | Mission Hospitals Inc. | Mission Hospital Inc | 717 |
| 2019-02-01 | Mh Mission Hospital Mcdowell, Lllp | The Mcdowell Hospital Inc | The Mcdowell Hospital | 33 |
| 2019-01-01 | The Charlotte-Mecklenburg Hospital... | Mercy Hospital Inc | Atrium Health Pineville | 352 |
| 2018-01-01 | Unc Rockingham Health Care Inc | Morehead Memorial Hospital | Unc Rockingham Hospital | 108 |