Atrium Health Union
Monroe, Union County, NC
· CCN 340130
Licensed to The Charlotte-Mecklenburg Hospital Authority
Composite
37.4
rank score
Distress
20
FY2023
Fit
71
vs thesis
Estimated ticket
$91.5M–$366M
183 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- under 30 days cash on hand
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size at the top of the envelope — would need leverage
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $378M |
| Operating margin | 20.3% |
| Total margin | 21.7% |
| Days cash on hand | 0 |
| Current ratio | 46.93 |
| Occupancy | 94% |
Facility
| Beds | 183 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| 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 | 182 | $238M | $62.5M | 16.4% | 21.7% | 0 | 36.54 | 58% | 8,285 | 24 |
| 2021 | 182 | $283M | $86.9M | 20.8% | 27.9% | 0 | 32.94 | 75% | 8,954 | 22 |
| 2022 | 183 | $302M | $31.6M | 7.0% | 10.1% | 0 | 31.73 | 90% | 10,363 | 22 |
| 2023 | 183 | $378M | $83.7M | 20.3% | 21.7% | 0 | 46.93 | 94% | 10,940 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Adrienne Purdue | corporate director | 2020-01 | ||
| Advocate Health Inc | operational/managerial control | 2022-12 | ||
| Amanda Houser | corporate director | 2022-01 | ||
| Angelique Vincent-Hamacher | corporate director | 2014-01 | ||
| Atrium Health Inc | operational/managerial control | 2020-10 | ||
| Bradley Clark | corporate officer | 2023-08 | ||
| Brett Denton | corporate officer | 2020-01 | ||
| Carl Herring | corporate director | 2022-01 | ||
| Carol Lovin | corporate officer | 2011-01 | ||
| Carol White | w-2 managing employee | 2020-01 | ||
| Charles Bowman | corporate director | 2020-01 | ||
| David Danzie | corporate director | 2020-01 | ||
| Erin Snyder | corporate officer | 2023-01 | ||
| Felicia Allen | corporate director | 2020-01 | ||
| Gary Gragg | corporate director | 2020-01 | ||
| Hal Levinson | corporate director | 2016-02 | ||
| Katherine Ketner | corporate officer | 2023-01 | ||
| Kenneth Haynes | corporate officer | 2017-02 | ||
| Kenneth Haynes | corporate director | 2023-01 | ||
| Mark Reed | corporate director | 2020-01 | ||
| Marshall Carlson | corporate director | 2016-02 | ||
| Michael Rucker | corporate director | 2013-01 | ||
| Nakessha Lopez | corporate officer | 2024-03 | ||
| Nancy Gritter | corporate director | 2017-02 | ||
| Rasu Bickram Shrestha | corporate officer | 2019-02 |
Showing 25 of 33. Full list via /api/targets/340130.
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 |