Scotland Memorial Hospital
Laurinburg, Scotland County, NC
· CCN 340008
Licensed to Scotland Memorial Hospital, Inc
Composite
28.9
rank score
Distress
10
FY2023
Fit
61
vs thesis
Estimated ticket
$10.4M–$20.8M
104 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin under 2%
- 90-150 days cash on hand
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $220M |
| Operating margin | 1.0% |
| Total margin | 15.0% |
| Days cash on hand | 137 |
| Current ratio | 2.70 |
| Occupancy | 67% |
Facility
| Beds | 104 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 | 97 | $168M | $22.9M | 1.7% | 12.0% | 222 | 1.50 | 65% | 6,518 | 10 |
| 2021 | 97 | $189M | $43.3M | -2.4% | 19.0% | 91 | 1.27 | 77% | 6,637 | 23 |
| 2022 | 104 | $198M | $12.3M | -2.8% | 6.1% | 99 | 1.93 | 74% | 6,537 | 20 |
| 2023 | 104 | $220M | $38.6M | 1.0% | 15.0% | 137 | 2.70 | 67% | 5,760 | 10 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bradley Williams | corporate director | 2019-10 | ||
| Charlotte-Mecklenburg Hospital Authority | operational/managerial control | 2009-04 | ||
| Christopher Ward | corporate director | 2019-10 | ||
| Cynthia Dial | w-2 managing employee | 2021-12 | ||
| David Harling | corporate director | 2010-01 | ||
| Glenn Harris | corporate director | 2005-03 | ||
| Gregory Wood | corporate director | 2003-06 | ||
| Gregory Wood | w-2 managing employee | 1990-02 | ||
| James Mccook | corporate director | 2021-10 | ||
| Jessica Scott | corporate director | 2020-10 | ||
| John Ferguson | corporate director | 2021-10 | ||
| Kenneth Nichols | corporate director | 2007-01 | ||
| Kurt Jute | corporate director | 2021-10 | ||
| Lucien St.onge | corporate director | 2021-12 | ||
| Lucien St.onge | w-2 managing employee | 2021-11 | ||
| Ralph Carter | corporate director | 2021-10 | ||
| Ravonda John | corporate director | 2020-10 | ||
| Rebecca Hughes | corporate director | 2019-10 | ||
| Robert Hinson | corporate director | 2014-01 | ||
| Scotland Health Care System | 5% or greater direct ownership interest | 1994-11 | ||
| Scott Andrews | corporate director | 2019-10 | ||
| Sybil Bullard | corporate director | 2019-10 | ||
| Wilbur Shytle | corporate director | 2013-01 |
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 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 |