J Arthur Dosher Memorial Hospital
dba Dosher Memorial Hospital ·
Southport, Brunswick County, NC
· CCN 341327
Licensed to J. Arthur Dosher Memorial Hospital
Composite
29.0
rank score
Distress
28
FY2023
Fit
41
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 below 30%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $57.1M |
| Operating margin | -6.4% |
| Total margin | 7.2% |
| Days cash on hand | 256 |
| Current ratio | 6.87 |
| Occupancy | 26% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| 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 | $35.9M | $-1.3M | -23.4% | -3.0% | 262 | 1.94 | 19% | 688 | 49 |
| 2021 | 25 | $48.7M | $11.2M | -2.2% | 18.4% | 254 | 3.93 | 20% | 573 | 24 |
| 2022 | 25 | $57.6M | $8.2M | 3.8% | 12.9% | 261 | 6.48 | 23% | 561 | 9 |
| 2023 | 25 | $57.1M | $4.7M | -6.4% | 7.2% | 256 | 6.87 | 26% | 523 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Debra Wood | corporate director | 2023-01 | ||
| J. Arthur Dosher Memorial Hospital | operational/managerial control | 2009-11 | ||
| Jwantana Frink | corporate director | 2023-01 | ||
| Karen Taylor | corporate director | 2011-11 | ||
| Linda Pukenas | corporate director | 2023-01 | ||
| Randy Jones | corporate director | 2023-01 | ||
| Robert Howard | corporate director | 2023-01 | ||
| Susan Daniels | corporate officer | 2022-06 | ||
| Susan Gill | w-2 managing employee | 1989-09 | ||
| Terry Pieper | corporate director | 2023-01 | ||
| Theresa Garrison | w-2 managing employee | 2026-02 |
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 |