Pitt County Memorial Hospital Inc
dba Ecu Health Medical Center ·
Greenville, Pitt County, NC
· CCN 340040
Licensed to Pitt County Memorial Hospital Inc
Composite
14.5
rank score
Distress
29
FY2023
Fit
58
vs thesis
Estimated ticket
$506M–$2.0B
1,013 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin under 2%
- under 30 days cash on hand
- margin slipping
- 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 · FY2023
| Net patient revenue | $1.6B |
| Operating margin | 1.0% |
| Total margin | 7.6% |
| Days cash on hand | 4 |
| Current ratio | 6.80 |
| Occupancy | 71% |
Facility
| Beds | 1,013 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 847 | $1.1B | $116M | -4.0% | 8.9% | 10 | 8.67 | 75% | 37,767 | 38 |
| 2021 | 847 | $1.2B | $146M | 1.1% | 10.7% | 11 | 8.73 | 72% | 39,794 | 29 |
| 2022 | 1,013 | $1.4B | $104M | -3.0% | 6.8% | 3 | 7.63 | 65% | 41,818 | 38 |
| 2023 | 1,013 | $1.6B | $128M | 1.0% | 7.6% | 4 | 6.80 | 71% | 37,846 | 29 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Anand Tewari | corporate director | 2019-03 | ||
| Andrew Zukowski | corporate officer | 2022-12 | ||
| Andrew Zukowski | w-2 managing employee | 2022-12 | ||
| Angela Allen | corporate director | 2022-04 | ||
| Anthony Cannon | corporate director | 2020-09 | ||
| Antoine Khoury | corporate director | 2023-06 | ||
| Bobby Dunn | corporate officer | 2022-03 | ||
| Carlester Crumpler | corporate director | 2014-03 | ||
| Christopher Jenkins | corporate director | 2021-03 | ||
| Deborah Davis | corporate director | 2020-07 | ||
| Demetrius Carter | corporate director | 2023-03 | ||
| Diane Taylor | corporate director | 2019-03 | ||
| Jay Briley | corporate officer | 2024-02 | ||
| Michael Mclaughlin | corporate director | 2023-03 | ||
| Michael Waldrum | corporate officer | 2015-06 | ||
| Michael Waldrum | corporate director | 2015-06 | ||
| Philip Gibbs | corporate director | 2023-09 | ||
| Philip Rogers | corporate director | 2021-03 | ||
| Phillip Dixon | corporate director | 2015-03 | ||
| Roger Davenport | corporate director | 2021-09 | ||
| Steven Spaanbroek | corporate director | 2025-11 | ||
| Thomas Kulikowski | corporate director | 2025-03 | ||
| University Health Systems Of Eastern Carolina, Inc. | other | 1998-11 | ||
| Vincent Jones | corporate director | 2023-03 | ||
| William Monk | corporate director | 2019-03 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2021-10-01 | acquisition/merger | Pitt County Memorial Hospital Inc | East Carolina Health-Beaufort 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 |