Firsthealth Montgomery Memorial Cah
dba Firsthealth Montgomery Memorial Hospital ·
Troy, Montgomery County, NC
· CCN 341303
Licensed to Firsthealth Of The Carolinas Inc
Composite
33.5
rank score
Distress
39
FY2023
Fit
35
vs thesis
Estimated ticket
$255K–$510K
3 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- debt above 70% of assets
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $20.0M |
| Operating margin | 9.9% |
| Total margin | 10.5% |
| Days cash on hand | 0 |
| Current ratio | 0.29 |
| Occupancy | — |
Facility
| Beds | 3 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 3 | $12.0M | $250K | -4.8% | 2.0% | 0 | 0.05 | 91% | 180 | 66 |
| 2021 | 3 | $15.3M | $1.0M | 5.8% | 6.5% | 0 | 0.22 | — | 258 | 51 |
| 2022 | 3 | $18.2M | $1.5M | 7.7% | 8.3% | 0 | 0.21 | — | 334 | 51 |
| 2023 | 3 | $20.0M | $2.1M | 9.9% | 10.5% | 0 | 0.29 | — | 299 | 39 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Firsthealth Of The Carolinas Inc | 5% or greater direct ownership interest | 100 | 1995-08 | chain |
| Anna Hollers | corporate director | 2012-09 | ||
| Anna Hollers | operational/managerial control | 2012-09 | ||
| Bruce Solomon | corporate director | 2012-09 | ||
| Bruce Solomon | operational/managerial control | 2012-09 | ||
| Carolyn Helms | corporate director | 2012-09 | ||
| Carolyn Helms | operational/managerial control | 2012-09 | ||
| David Burns | corporate director | 2012-09 | ||
| David Burns | operational/managerial control | 2012-09 | ||
| David Cowherd | corporate director | 2012-09 | ||
| David Cowherd | operational/managerial control | 2012-09 | ||
| David Woronoff | corporate director | 2012-09 | ||
| David Woronoff | operational/managerial control | 2012-09 | ||
| Don Bahner | corporate director | 2012-09 | ||
| Don Bahner | operational/managerial control | 2012-09 | ||
| Frank Lachina | corporate director | 2005-01 | ||
| Frank Lachina | w-2 managing employee | 2001-01 | ||
| James Bulthuis | corporate director | 2012-09 | ||
| James Bulthuis | operational/managerial control | 2012-09 | ||
| James Tart | corporate director | 2005-01 | ||
| John Ellis | corporate director | 2012-09 | ||
| John Ellis | operational/managerial control | 2012-09 | ||
| John May | corporate director | 2004-12 | ||
| John May | operational/managerial control | 2012-09 | ||
| John Stevenson | corporate director | 2005-01 |
Showing 25 of 47. Full list via /api/targets/341303.
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 |
|---|---|---|---|---|
| 2024-10-01 | Fletcher Hospital Inc | St. Luke's Hospital Inc | St Lukes Hospital | 25 |
| 2020-10-01 | Centennial Housing & Community... | Cah Acquisition Company 1 Llc | Cah #1 - Washington | 25 |
| 2019-02-01 | Mh Angel Medical Center, Lllp | Angel Medical Center Inc | Mh Angel Medical Center Lllp | 30 |
| 2019-02-01 | Mh Transylvania Regional Hospital, Lllp | Transylvania Community Hospital Inc | Transylvania Community Hospital | 25 |
| 2019-02-01 | Mh Blue Ridge Medical Center, Lllp | Blue Ridge Regional Hospital, Inc. | Blue Ridge Regional Hospital | 25 |
| 2019-02-01 | Mh Highlands-Cashiers Medical Center, Lllp | Highlands-Cashiers Hospital Inc | Highlands Cashiers Hospital | 24 |
| 2017-01-31 | Lifebrite Hospital Group Of Stokes Llc | Pioneer Health Services Of Stokes... | Lifebrite Comm Hosp Of Stokes | 25 |