Thomasville Medical Center
dba Novant Health Thomasville Medical Center ·
Thomasville, Davidson County, NC
· CCN 340085
Licensed to Novant Health Thomasville Medical Center Llc
Composite
56.2
rank score
Distress
59
FY2023
Fit
74
vs thesis
Estimated ticket
$31.0M–$124M
73 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 45-60%
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size somewhat below the envelope
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $303M |
| Operating margin | -17.0% |
| Total margin | 16.7% |
| Days cash on hand | 0 |
| Current ratio | -0.18 |
| Occupancy | 50% |
Facility
| Beds | 73 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 73 | $99.6M | $11.1M | 5.4% | 10.6% | 0 | -0.11 | 52% | 3,406 | 38 |
| 2021 | 73 | $115M | $12.6M | 8.9% | 10.7% | 0 | -0.11 | 57% | 3,523 | 38 |
| 2022 | 73 | $220M | $60.5M | -14.3% | 19.4% | 0 | -0.19 | 50% | 2,983 | 66 |
| 2023 | 73 | $303M | $71.4M | -17.0% | 16.7% | 0 | -0.18 | 50% | 3,165 | 59 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Beatriz Juncadella | corporate director | 2021-01 | ||
| Christopher Brown | w-2 managing employee | 2025-05 | ||
| David Clifton | corporate director | 2015-01 | ||
| Donnie Holt | corporate director | 2015-01 | ||
| Fred Mcclure | corporate director | 2015-01 | ||
| Larry Perdue | corporate director | 2015-01 | ||
| Larry Ward | corporate director | 2018-01 | ||
| Laura Owen | corporate director | 2015-01 | ||
| Monique Johnson | corporate director | 2021-01 | ||
| Novant Health Triad Region, Llc | 5% or greater direct ownership interest | 1997-11 | ||
| Novant Health, Inc. | 5% or greater direct ownership interest | 1997-11 | ||
| Pauline Morris | corporate director | 2018-01 | ||
| Phillip Marks | corporate director | 2015-01 | ||
| Robert Landry | corporate director | 2023-01 | ||
| Samuel Barefoot | corporate director | 2015-01 | ||
| Thomas Leonard | corporate director | 2014-01 | ||
| W Craver | corporate director | 2015-01 | ||
| William Piotti | corporate director | 2015-10 |
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 |