Gaston Memorial Hospital
dba Caromont Regional Medical Center ·
Gastonia, Gaston County, NC
· CCN 340032
Licensed to Gaston Memorial Hospital, Incorporated
Composite
10.9
rank score
Distress
9
FY2024
Fit
58
vs thesis
Estimated ticket
$212M–$848M
424 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- current ratio under 1.5
- margin deteriorating
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $728M |
| Operating margin | 11.2% |
| Total margin | 12.2% |
| Days cash on hand | 161 |
| Current ratio | 1.04 |
| Occupancy | 80% |
Facility
| Beds | 424 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 393 | $563M | $101M | 11.1% | 16.9% | 156 | 1.13 | 83% | 22,641 | 8 |
| 2022 | 396 | $619M | $57.5M | 7.3% | 9.1% | 151 | 0.78 | 86% | 22,154 | 18 |
| 2023 | 424 | $642M | $59.1M | 7.0% | 9.0% | 165 | 1.05 | 81% | 22,895 | 3 |
| 2024 | 424 | $728M | $90.1M | 11.2% | 12.2% | 161 | 1.04 | 80% | 24,906 | 9 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andrew Dyksterhouse | w-2 managing employee | 2024-07 | ||
| Benjamin Hinton | corporate director | 2022-01 | ||
| Beth Canipe | w-2 managing employee | 2023-08 | ||
| Caromont Health Inc | 5% or greater direct ownership interest | 2007-12 | ||
| Cathy Thorsell | w-2 managing employee | 2022-07 | ||
| Daniel Boyd | corporate director | 2023-01 | ||
| Danny Wharton | w-2 managing employee | 2017-12 | ||
| David O'connor | w-2 managing employee | 2011-12 | ||
| David Payseur | corporate director | 2017-06 | ||
| Erica Flowers | w-2 managing employee | 2024-01 | ||
| Frank Murphy | w-2 managing employee | 2018-02 | ||
| Frank Stewart | corporate director | 2020-01 | ||
| George Adcock | w-2 managing employee | 2018-04 | ||
| Janie Peak | corporate director | 2021-01 | ||
| Jason Austell | corporate director | 2022-01 | ||
| Jeffrey Cash | corporate director | 2018-01 | ||
| Jeffrey Mcgraw | corporate director | 2023-01 | ||
| Joseph Davis | corporate director | 2016-02 | ||
| Kenneth Peek | corporate officer | 2017-05 | ||
| Leigh Hickman | w-2 managing employee | 2017-05 | ||
| Pearl Floyd | corporate director | 2015-01 | ||
| Robin Lang | w-2 managing employee | 2017-12 | ||
| Shiddhi Patel | corporate director | 2026-01 | ||
| Timothy Conner | corporate director | 2025-01 | ||
| Timothy Efird | corporate director | 2021-08 |
Showing 25 of 28. Full list via /api/targets/340032.
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 |