Holly Hills Hospital
dba Holly Hill Hospital ·
Raleigh, Wake County, NC
· CCN 344014
Licensed to Holly Hill Hospital Llc
Composite
53.7
rank score
Distress
42
FY2023
Fit
87
vs thesis
Estimated ticket
$81.4M–$326M
296 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- large — ticket likely stretches the envelope
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $53.6M |
| Operating margin | 10.4% |
| Total margin | 11.3% |
| Days cash on hand | 0 |
| Current ratio | -0.07 |
| Occupancy | 69% |
Facility
| Beds | 296 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $275K |
| Per-bed (high) | $1.1M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 312 | $52.0M | $13.9M | 23.5% | 26.0% | 0 | -0.06 | 68% | 8,816 | 36 |
| 2021 | 296 | $56.7M | $12.8M | 22.1% | 22.4% | 0 | -0.08 | 73% | 8,907 | 36 |
| 2022 | 296 | $57.9M | $13.1M | 22.4% | 22.6% | 0 | -0.07 | 75% | 8,504 | 36 |
| 2023 | 296 | $53.6M | $6.2M | 10.4% | 11.3% | 0 | -0.07 | 69% | 8,672 | 42 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bhc Holdings Inc | 5% or greater indirect ownership interest | 100 | 2002-12 | |
| Cheryl Ramagano | corporate officer | 100 | 2010-11 | |
| George Brunner | corporate officer | 100 | 2010-11 | |
| Katharine Lyver | corporate officer | 100 | 2024-01 | |
| Matthew Klein | corporate officer | 100 | 2010-11 | |
| Matthew Peterson | corporate officer | 100 | 2019-09 | |
| Matthew Peterson | operational/managerial control | 100 | 2019-09 | |
| Psychiatric Solutions, Inc. | 5% or greater indirect ownership interest | 100 | 1997-05 | |
| Steve Filton | corporate officer | 100 | 2010-11 | |
| Thomas Day | corporate officer | 100 | 2021-07 | |
| Uhs Of Delaware Inc | operational/managerial control | 100 | 2010-11 | |
| Universal Health Services Inc | 5% or greater indirect ownership interest | 100 | 2010-11 | |
| Alan Miller | 5% or greater indirect ownership interest | 87 | 2024-03 | |
| Matthew Peterson | corporate director | 33 | 2019-09 | |
| Steve Filton | corporate director | 33 | 2010-11 | |
| Thomas Day | corporate director | 33 | 2021-07 | |
| Behavioral Healthcare Llc | 5% or greater direct ownership interest | 2006-12 | ||
| James Coleman | contracted managing employee | 2010-11 | ||
| Jimmy Chatman | contracted managing employee | 2024-01 | ||
| Jimmy Chatman | corporate officer | 2024-01 | ||
| Labreeska Holston | contracted managing employee | 2024-03 | ||
| Labreeska Holston | corporate officer | 2024-03 |
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 | Iredell Memorial Hospital Incorporated | Statesville Hma Llc | Davis Regional Medical Center | 17 |