Transylvania Community Hospital
Brevard, Transylvania County, NC
· CCN 341319
Licensed to Mh Transylvania Regional Hospital, Lllp
Composite
52.5
rank score
Distress
60
FY2023
Fit
59
vs thesis
Estimated ticket
$1.8M–$3.6M
25 beds ·
within envelope
Ownership
for-profit
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $46.8M |
| Operating margin | -14.2% |
| Total margin | -11.7% |
| Days cash on hand | 0 |
| Current ratio | 1.97 |
| Occupancy | 70% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $72.2K |
| Per-bed (high) | $144K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $49.4M | $-6.5M | -15.1% | -13.0% | 2 | 0.98 | 55% | 1,352 | 78 |
| 2021 | 25 | $50.5M | $259K | 0.8% | 0.5% | 2 | 2.31 | 67% | 1,483 | 32 |
| 2022 | 25 | $46.8M | $-4.1M | -11.7% | -8.4% | 1 | 1.48 | 67% | 1,531 | 70 |
| 2023 | 25 | $46.8M | $-5.6M | -14.2% | -11.7% | 0 | 1.97 | 70% | 1,747 | 60 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Hca Healthcare Inc | 5% or greater indirect ownership interest | 100 | 2019-02 | |
| Hca Inc | 5% or greater indirect ownership interest | 100 | 2019-02 | chain |
| Healthtrust Inc - The Hospital Company | 5% or greater indirect ownership interest | 100 | 2019-02 | |
| Hti Hospital Holdings Inc | 5% or greater indirect ownership interest | 100 | 2019-02 | |
| Mh Hospital Holding Inc | 5% or greater indirect ownership interest | 100 | 2019-02 | |
| Mh Master Holding Lllp | 5% or greater direct ownership interest | 99 | 2019-02 | |
| Mh Master Holding Lllp | limited partnership interest | 99 | 2019-02 | |
| Frisco Holding Ii | 5% or greater indirect ownership interest | 16 | 2026-02 | |
| Hercules Holding Ii | 5% or greater indirect ownership interest | 14 | 2026-02 | |
| Mh Master Llc | general partnership interest | 1 | 2019-02 | |
| Eric Smith | contracted managing employee | 2021-03 | ||
| Michele Pilon | corporate officer | 2019-02 | ||
| Michele Pilon | w-2 managing employee | 2019-02 | ||
| Tyler Groesser | corporate officer | 2025-04 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2019-02-01 | change of ownership | Mh Transylvania Regional Hospital, Lllp | Transylvania Community Hospital Inc |
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 |