Pender Memorial Hospital
dba Novant Health Pender Medical Center ·
Burgaw, Pender County, NC
· CCN 341307
Licensed to Pender Memorial Hospital Incorporated
Composite
32.3
rank score
Distress
22
FY2023
Fit
56
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin -10% to -5%
- occupancy 45-60%
- urban — higher occupancy and iteration surface
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $34.3M |
| Operating margin | -7.4% |
| Total margin | 8.7% |
| Days cash on hand | 357 |
| Current ratio | 3.33 |
| Occupancy | 53% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | urban |
| Ownership class | government |
| 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 | 25 | $22.9M | $114K | -31.4% | 0.4% | 255 | 3.14 | 45% | 254 | 33 |
| 2021 | 25 | $31.4M | $1.2M | -4.2% | 3.6% | 247 | 3.28 | 54% | 104 | 18 |
| 2022 | 25 | $33.9M | $6.8M | -1.2% | 16.7% | 147 | 7.54 | 44% | 140 | 26 |
| 2023 | 25 | $34.3M | $3.5M | -7.4% | 8.7% | 357 | 3.33 | 53% | 166 | 22 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Novant Health Coastal Region Llc | 5% or greater indirect ownership interest | 100 | 2021-02 | |
| Novant Health New Hanover Regional Medical Center Llc | operational/managerial control | 100 | 2021-02 | |
| Novant Health, Inc. | 5% or greater indirect ownership interest | 100 | 2021-02 | |
| Brett Keeler | corporate director | 2024-01 | ||
| Brian Collins | corporate director | 2025-01 | ||
| Denise Houghton | corporate officer | 2022-01 | ||
| Hiram Williams | corporate director | 2022-01 | ||
| Jacqueline Newton | corporate director | 2024-01 | ||
| James Williams | corporate director | 2025-01 | ||
| Lisa Dollbaum | corporate director | 2025-01 | ||
| Myra Mcduffie | corporate director | 2022-01 | ||
| Randy Burton | corporate director | 2025-01 | ||
| Ruth Glaser | contracted managing employee | 2010-11 | ||
| Ruth Glaser | corporate officer | 2010-11 | ||
| Ruth Glaser | w-2 managing employee | 2010-11 | ||
| Timothy Baker | corporate director | 2024-01 |
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 |