Unc Rockingham Hospital
Eden, Rockingham County, NC
· CCN 340060
Licensed to Unc Rockingham Health Care Inc
Composite
65.5
rank score
Distress
87
FY2024
Fit
66
vs thesis
Estimated ticket
$37.8M–$151M
108 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio under 1.5
- liabilities exceed assets
- occupancy below 30%
- margin deteriorating
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $56.6M |
| Operating margin | -17.3% |
| Total margin | -22.3% |
| Days cash on hand | 1 |
| Current ratio | 1.42 |
| Occupancy | 18% |
Facility
| Beds | 108 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 108 | $52.4M | $-10.0M | -22.6% | -17.4% | 61 | 0.79 | 29% | 2,633 | 77 |
| 2022 | 108 | $57.5M | $-4.9M | -20.5% | -7.4% | 37 | 0.63 | 27% | 2,236 | 83 |
| 2023 | 108 | $54.7M | $-12.2M | -20.6% | -21.2% | 0 | 0.34 | 21% | 1,805 | 100 |
| 2024 | 108 | $56.6M | $-13.1M | -17.3% | -22.3% | 1 | 1.42 | 18% | 1,788 | 87 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| University Of North Carolina Health Care System | 5% or greater direct ownership interest | 100 | 2018-01 | |
| Angela Edwards | corporate officer | 2025-12 | ||
| Armor Pyrtle | corporate director | 2018-09 | ||
| Casey Vincent | corporate director | 2019-07 | ||
| Clarence Miller | w-2 managing employee | 2020-07 | ||
| James Burnette | corporate director | 2018-06 | ||
| Jeffery Strickler | corporate officer | 2025-12 | ||
| Jeffrey Parris | corporate director | 2018-06 | ||
| Jodi Lester | corporate director | 2025-07 | ||
| Joel Clark | corporate director | 2024-06 | ||
| John Dabbs | corporate director | 2018-06 | ||
| Karen Shadowens | corporate officer | 2021-06 | ||
| Mary Bus | corporate director | 2025-07 | ||
| Micky Silvers | corporate director | 2019-07 | ||
| Paige Martin | w-2 managing employee | 2018-01 | ||
| Peggy Mcnaull | corporate director | 2025-07 | ||
| Phillip Stetler | corporate director | 2024-04 | ||
| Reginald Cathey | corporate director | 2021-11 | ||
| Tammy Scarborough | corporate director | 2023-09 | ||
| Thresa Hardy | corporate officer | 2022-12 | ||
| William Flynt | corporate director | 2018-09 | ||
| William Mcleod | corporate director | 2018-06 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2018-01-01 | change of ownership | Unc Rockingham Health Care Inc | Morehead Memorial Hospital |
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 |