Atrium Health Lincoln
Lincolnton, Lincoln County, NC
· CCN 340145
Licensed to Atrium Health Hospitals Inc
Already transacted. CMS recorded an ownership change effective
2026-02-01. Confirm the current owner before spending a call on this.
Composite
11.8
rank score
Distress
22
FY2023
Fit
55
vs thesis
Estimated ticket
$10.1M–$20.2M
101 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- under 30 days cash on hand
- occupancy 45-60%
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- government-owned — public process likely
- changed ownership 2026-02-01 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $172M |
| Operating margin | 32.0% |
| Total margin | 33.2% |
| Days cash on hand | 0 |
| Current ratio | 97.77 |
| Occupancy | 56% |
Facility
| Beds | 101 |
| 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 | 101 | $156M | $53.3M | 28.4% | 32.4% | 0 | 25.23 | 54% | 4,696 | 24 |
| 2021 | 101 | $176M | $62.8M | 32.6% | 34.5% | 0 | 54.92 | 67% | 5,212 | 22 |
| 2022 | 101 | $145M | $37.6M | 22.2% | 25.1% | 0 | 55.53 | 59% | 4,914 | 24 |
| 2023 | 101 | $172M | $57.9M | 32.0% | 33.2% | 0 | 97.77 | 56% | 5,269 | 22 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| The Charlotte-Mecklenburg Hospital Authority | 5% or greater direct ownership interest | 100 | 2026-02 | chain |
| Adrienne Purdue | corporate director | 2025-05 | ||
| Advocate Health Inc | operational/managerial control | 2026-02 | ||
| Amanda Houser | corporate director | 2025-05 | ||
| Angelique Vincent-Hamacher | corporate director | 2025-05 | ||
| Atrium Health Inc | operational/managerial control | 2026-02 | ||
| Bradley Clark | corporate officer | 2025-03 | ||
| Brett Denton | corporate officer | 2025-03 | ||
| Carl Herring | corporate director | 2025-05 | ||
| Charles Bowman | corporate director | 2025-05 | ||
| David Danzie | corporate director | 2025-05 | ||
| Felicia Allen | corporate director | 2025-05 | ||
| Gary Gragg | corporate director | 2025-05 | ||
| Hal Levinson | corporate director | 2025-05 | ||
| Kenneth Davis | corporate director | 2025-05 | ||
| Lucia Griffith | corporate director | 2025-05 | ||
| Luther Kissam | corporate director | 2025-05 | ||
| Luther Lockwood | corporate director | 2025-05 | ||
| Mark Reed | corporate director | 2025-05 | ||
| Marshall Carlson | corporate director | 2025-05 | ||
| Michael Rucker | corporate director | 2025-05 | ||
| Nancy Gritter | corporate director | 2025-05 | ||
| Steven Smoot | corporate officer | 2025-06 | ||
| Swati Daji | corporate director | 2025-05 | ||
| Todd Collins | corporate director | 2025-05 |
Showing 25 of 28. Full list via /api/targets/340145.
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2026-02-01 | change of ownership | Atrium Health Hospitals Inc | The Charlotte-Mecklenburg... |
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 |