Columbus Regional Healthcare System
dba Columbus County Hospital ·
Whiteville, Columbus County, NC
· CCN 340068
Licensed to Columbus Regional Healthcare System
Composite
34.0
rank score
Distress
31
FY2023
Fit
50
vs thesis
Estimated ticket
$15.4M–$30.8M
154 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- under 30 days cash on hand
- current ratio under 1.5
- occupancy below 30%
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $113M |
| Operating margin | 2.2% |
| Total margin | 7.0% |
| Days cash on hand | 5 |
| Current ratio | 1.38 |
| Occupancy | 27% |
Facility
| Beds | 154 |
| 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 | 154 | $76.8M | $5.6M | -8.3% | 6.3% | 34 | 0.80 | 30% | 4,011 | 53 |
| 2021 | 154 | $96.7M | $13.0M | -2.8% | 11.6% | 21 | 0.86 | 36% | 3,760 | 52 |
| 2022 | 154 | $107M | $7.0M | 3.8% | 6.4% | 15 | 1.37 | 35% | 3,315 | 31 |
| 2023 | 154 | $113M | $8.3M | 2.2% | 7.0% | 5 | 1.38 | 27% | 3,058 | 31 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Kimberly Gore | corporate director | 2011-10 | ||
| Kimberly Gore | w-2 managing employee | 2010-07 | ||
| Marvin Armstrong | corporate officer | 2018-03 |
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 |