Presbyterian Hospital
dba Novant Health Presbyterian Medical Center ·
Charlotte, Mecklenburg County, NC
· CCN 340053
Licensed to The Presbyterian Hospital
Composite
15.6
rank score
Distress
35
FY2023
Fit
58
vs thesis
Estimated ticket
$290M–$1.2B
580 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- 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 | $1.7B |
| Operating margin | 9.0% |
| Total margin | 10.0% |
| Days cash on hand | 0 |
| Current ratio | -0.11 |
| Occupancy | 75% |
Facility
| Beds | 580 |
| 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 | 598 | $1.2B | $132M | 6.6% | 10.8% | 0 | -0.01 | 74% | 23,028 | 36 |
| 2021 | 602 | $1.3B | $158M | 9.3% | 11.6% | 0 | 0.05 | 78% | 27,118 | 36 |
| 2022 | 561 | $1.3B | $59.2M | 1.0% | 4.3% | 0 | -0.12 | 76% | 24,948 | 42 |
| 2023 | 580 | $1.7B | $173M | 9.0% | 10.0% | 0 | -0.11 | 75% | 26,872 | 35 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Novant Health, Inc. | 5% or greater direct ownership interest | 100 | 2007-01 | |
| Carl Armato | corporate director | 2017-01 | ||
| Carl Armato | w-2 managing employee | 2012-01 | ||
| Carl Armato | operational/managerial control | 2012-01 | ||
| James Johnson | corporate director | 2017-01 | ||
| James Taylor | corporate director | 2019-01 | ||
| Jamie Feinour | corporate officer | 2025-03 | ||
| Jamie Feinour | w-2 managing employee | 2025-03 | ||
| John Lewis | corporate director | 2018-01 | ||
| Kandi Deitemeyer | corporate officer | 2021-01 | ||
| Kimberly Case | corporate director | 2021-05 | ||
| Louis Lobo | corporate director | 2020-01 | ||
| Marsha Lyons | corporate director | 2018-01 | ||
| Novant Health Southern Piedmont Region, Llc | operational/managerial control | 2014-03 | ||
| Patrick Wilson | corporate director | 2023-05 | ||
| Saad Ehtisham | corporate officer | 2019-04 | ||
| Tera Black | corporate director | 2025-01 | ||
| Thaddeus Jones | corporate director | 2018-01 |
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 |