Murphy Medical Center
dba Erlanger Murphy Medical Center ·
Murphy, Cherokee County, NC
· CCN 341328
Licensed to Murphy Medical Center Inc
Composite
36.8
rank score
Distress
39
FY2024
Fit
48
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- total margin under 2%
- occupancy 30-45%
- margin deteriorating
- 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
Latest financials · FY2024
| Net patient revenue | $61.2M |
| Operating margin | -11.1% |
| Total margin | 1.8% |
| Days cash on hand | 251 |
| Current ratio | 2.05 |
| Occupancy | 45% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $51.8M | $3.4M | -7.4% | 5.7% | 248 | 2.31 | 53% | 1,300 | 24 |
| 2022 | 25 | $49.8M | $-8.0M | -19.2% | -15.5% | 214 | 2.15 | 58% | 1,184 | 47 |
| 2023 | 25 | $58.0M | $2.1M | -8.8% | 3.3% | 242 | 1.97 | 56% | 909 | 24 |
| 2024 | 25 | $61.2M | $1.2M | -11.1% | 1.8% | 251 | 2.05 | 45% | 880 | 39 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Erlanger Health | 5% or greater direct ownership interest | 100 | 2023-07 | |
| Jeff Woodard | corporate officer | 2023-07 | ||
| Jim Coleman | corporate officer | 2023-07 | ||
| Lynn Dejaco | corporate officer | 2021-05 | ||
| Mike Shaver | corporate director | 2015-07 | ||
| Mike Shaver | w-2 managing employee | 2015-07 | ||
| Sheila Boyington | corporate director | 2017-09 | ||
| Stephanie Boynton | corporate officer | 2020-06 | ||
| Stephanie Boynton | w-2 managing employee | 2020-06 | ||
| Vicky Gregg | corporate director | 2019-11 |
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 |