dealflow
envelope $200M

← Targets

University Of North Carolina Hosp.

dba Unc Hospitals · Chapel Hill, Orange County, NC · CCN 340061
Licensed to University Of North Carolina Hospitals At Chapel Hill

Composite
37.3
rank score
Distress
26
FY2024
Fit
64
vs thesis
Estimated ticket
$80.9M–$162M
809 beds · within envelope
Ownership
government
STH

Why it ranks here

  • under 30 days cash on hand
  • margin deteriorating
  • rural — cheaper but limited density
  • very large — likely out of range
  • ticket size uses the capital envelope well
  • strong occupancy — good iteration surface
  • government-owned — public process likely

Latest financials · FY2024

Net patient revenue$3.2B
Operating margin 12.8%
Total margin 13.8%
Days cash on hand 16
Current ratio 1.70
Occupancy93%

Facility

Beds809
Facility typeSTH
Settingrural
Ownership classgovernment
Per-bed (low) $100K
Per-bed (high) $200K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 809 $2.4B $517M 9.3% 18.5% 19 1.04 87% 32,909 30
2022 811 $2.5B $323M 9.4% 11.9% 20 1.58 88% 32,016 22
2023 799 $2.9B $289M 13.3% 9.9% 27 1.81 91% 33,028 22
2024 809 $3.2B $466M 12.8% 13.8% 16 1.70 93% 34,976 26

Owners

OwnerRole%SinceType
University Of North Carolina Health Care System
Morrisville, NC
5% or greater direct ownership interest 100 1998-11
Allison Farris w-2 managing employee 2023-06
Amanda Huff w-2 managing employee 2025-12
Ana-Elis Perry w-2 managing employee 2026-04
Anne Faircloth corporate director 2018-11
Ashley Elizabeth Bullard w-2 managing employee 2026-04
Brittney Handel w-2 managing employee 2025-12
Cecily Flynn w-2 managing employee 2021-11
Charles Nye corporate director 2020-11
Claude Teague corporate director 2023-10
Crista Creedle w-2 managing employee 2021-01
Cristen Page corporate director 2024-01
Cynthia Trail-Michowski w-2 managing employee 2025-12
David Baker w-2 managing employee 2026-04
David Greife corporate director 2024-01
Deborah Murray corporate director 2020-11
Donna Mcclatchey corporate director 2025-09
English King w-2 managing employee 2019-03
Erica Bernard w-2 managing employee 2025-12
Gregory Wessling corporate director 2012-11
Hayden Kirby corporate director 2021-11
Jacqueline Jacobs corporate officer 2023-08
Jeffrey Lindsay corporate officer 2025-12
Jeffrey Lindsay corporate director 2024-01
Jenny Boyd corporate officer 2026-02

Showing 25 of 62. Full list via /api/targets/340061.

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.

DateBuyerSellerHospitalBeds
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