St Lukes Hospital
dba Adventhealth Polk ·
Columbus, Polk County, NC
· CCN 341322
Licensed to Fletcher Hospital Inc
Already transacted. CMS recorded an ownership change effective
2024-10-01. Confirm the current owner before spending a call on this.
Composite
10.4
rank score
Distress
19
FY2023
Fit
48
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- occupancy 30-45%
- 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
- thin occupancy
- nonprofit — expect AG conversion review
- changed ownership 2024-10-01 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $44.0M |
| Operating margin | -3.1% |
| Total margin | 8.7% |
| Days cash on hand | 162 |
| Current ratio | 4.56 |
| Occupancy | 42% |
Facility
| Beds | 25 |
| 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 | 25 | $41.0M | $2.1M | -8.7% | 4.5% | 162 | 3.17 | 45% | 926 | 28 |
| 2021 | 25 | $50.4M | $10.5M | 4.8% | 18.0% | 180 | 2.56 | 49% | 995 | 2 |
| 2022 | 25 | $50.4M | $322K | -1.8% | 0.6% | 147 | 3.55 | 49% | 820 | 26 |
| 2023 | 25 | $44.0M | $4.3M | -3.1% | 8.7% | 162 | 4.56 | 42% | 704 | 19 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Adventist Health System Sunbelt Healthcare Corporation | 5% or greater direct ownership interest | 100 | 2024-10 | chain |
| Alan Guyton, Jr | corporate director | 2020-06 | ||
| Amanda Brady | corporate officer | 2020-02 | ||
| Audrey Gregory | corporate officer | 2025-08 | ||
| Audrey Gregory | corporate director | 2025-08 | ||
| Beverly Morgan | corporate officer | 2025-08 | ||
| Daniel Tryon | contracted managing employee | 2025-09 | ||
| Daniel Tryon | corporate officer | 2025-09 | ||
| Daniel Tryon | operational/managerial control | 2025-09 | ||
| David Huffman | corporate officer | 2020-02 | ||
| Fair Nabers Waggoner | corporate director | 2023-08 | ||
| Haney Vincent | corporate officer | 2021-12 | ||
| Jeffrey Coston | corporate director | 2018-06 | ||
| Jeffrey Garris | corporate director | 2022-12 | ||
| Jeffrey Graff | corporate officer | 2022-08 | ||
| Leslie Louis | corporate director | 2012-03 | ||
| Lewis Sommerville | corporate director | 2023-11 | ||
| Lowell Stewart Griffin | corporate director | 2023-08 | ||
| Lynn Addiscott | corporate officer | 2006-01 | ||
| Michael Saunders | corporate officer | 2007-02 | ||
| Michael Thompson | corporate officer | 2023-01 | ||
| Michael Thompson | corporate director | 2023-01 | ||
| Paul Rathbun | corporate officer | 2014-09 | ||
| Preston Blakely | corporate director | 2024-08 | ||
| Robert Foltz | corporate officer | 2020-06 |
Showing 25 of 31. Full list via /api/targets/341322.
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-10-01 | change of ownership | Fletcher Hospital Inc | St. Luke's 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 |