Onslow Memorial Hospital
Jacksonville, Onslow County, NC
· CCN 340042
Licensed to Onslow Memorial Hospital Inc
Composite
35.4
rank score
Distress
22
FY2023
Fit
59
vs thesis
Estimated ticket
$16.2M–$32.4M
162 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- under 30 days cash on hand
- occupancy 45-60%
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- moderate occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $180M |
| Operating margin | 9.1% |
| Total margin | 10.7% |
| Days cash on hand | 17 |
| Current ratio | 1.65 |
| Occupancy | 53% |
Facility
| Beds | 162 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| 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 | 162 | $130M | $8.3M | -2.1% | 5.9% | 52 | 0.95 | 52% | 6,928 | 43 |
| 2021 | 162 | $147M | $13.3M | 4.8% | 8.6% | 29 | 1.11 | 52% | 6,805 | 28 |
| 2022 | 162 | $155M | $9.4M | 4.8% | 5.9% | 37 | 2.05 | 52% | 6,496 | 19 |
| 2023 | 162 | $180M | $19.7M | 9.1% | 10.7% | 17 | 1.65 | 53% | 6,828 | 22 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Penney Burlingame Deal | corporate officer | 100 | 2016-07 | |
| Billy Crane | corporate director | 2026-01 | ||
| Carl Biber | corporate officer | 2019-09 | ||
| Charles Gibbs | corporate director | 2019-10 | ||
| Crystal Bryan | corporate officer | 2025-12 | ||
| Jacksonville Hospital Inc | 5% or greater direct ownership interest | 1997-01 | ||
| Jeffrey Clark | corporate director | 2025-07 | ||
| Joel Churchwell | corporate director | 2020-09 | ||
| John Davis | corporate director | 2025-07 | ||
| John Kohler | corporate officer | 2023-08 | ||
| Julia Collins | corporate director | 2021-10 | ||
| Michael Elder | corporate director | 2025-03 | ||
| Pamela Morton | corporate director | 2025-07 | ||
| Penney Burlingame Deal | operational/managerial control | 2016-07 | ||
| Ralph Taylor | corporate director | 2020-09 | ||
| Samuel Alford | corporate director | 2017-10 | ||
| Stephen Blackburn | corporate director | 2023-10 | ||
| Steven Scarborough | corporate director | 2018-01 | ||
| University Of North Carolina Health Care System | operational/managerial control | 2019-01 | chain | |
| Virginia Albano | corporate director | 2018-10 |
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 |