Rutherford Hospital Inc.
dba Rutherford Regional Medical Center ·
Rutherfordton, Rutherford County, NC
· CCN 340013
Licensed to Dlp Rutherford Regional Health System, Llc
Composite
35.0
rank score
Distress
28
FY2024
Fit
56
vs thesis
Estimated ticket
$11.9M–$23.8M
119 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- occupancy below 30%
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $109M |
| Operating margin | 10.6% |
| Total margin | 11.3% |
| Days cash on hand | 1 |
| Current ratio | 2.55 |
| Occupancy | 25% |
Facility
| Beds | 119 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 119 | $73.3M | $7.8M | -5.3% | 9.2% | 0 | 1.38 | 24% | 2,397 | 57 |
| 2022 | 119 | $76.5M | $-812K | -5.8% | -1.0% | 0 | 2.02 | 24% | 2,118 | 61 |
| 2023 | 119 | $80.7M | $-719K | -1.9% | -0.9% | 0 | 2.06 | 24% | 2,397 | 54 |
| 2024 | 119 | $109M | $12.4M | 10.6% | 11.3% | 1 | 2.55 | 25% | 2,465 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Dlp Healthcare Llc | 5% or greater direct ownership interest | 100 | 2014-03 | |
| Dlp Partner Llc | operational/managerial control | 100 | 2014-07 | |
| Dlp Partner Llc | 5% or greater indirect ownership interest | 97 | 2014-07 | |
| Dsb Acquisition Llc | 5% or greater indirect ownership interest | 97 | 2018-11 | |
| Historic Lifepoint Hospitals, Llc | 5% or greater indirect ownership interest | 97 | 2014-03 | |
| Legacy Lifepoint Health Llc | 5% or greater indirect ownership interest | 97 | 2014-03 | |
| Lifepoint Health Inc | 5% or greater indirect ownership interest | 97 | 2018-11 | |
| Lifepoint Holdings 2 Llc | 5% or greater indirect ownership interest | 97 | 2014-03 | |
| Lifepoint Hospitals Holdings Llc | 5% or greater indirect ownership interest | 97 | 2014-03 | |
| Charlotte Lawrence | corporate officer | 2022-03 | ||
| Christopher Monte | corporate officer | 2014-06 | ||
| Elliott Brown | corporate officer | 2026-04 | ||
| Elmer Polite | corporate officer | 2023-06 | ||
| Marcus Poppell | corporate officer | 2014-06 | ||
| Suthanthira Ratnasamy | w-2 managing employee | 2025-07 |
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 |