dealflow
envelope $200M

← Targets

Mcleod Medical Center - Dillon

Dillon, Dillon County, SC · CCN 420005
Licensed to Mcleod Medical Center-Dillon

Composite
38.2
rank score
Distress
44
FY2023
Fit
46
vs thesis
Estimated ticket
$7.2M–$14.4M
72 beds · within envelope
Ownership
nonprofit
STH

Why it ranks here

  • operating margin under 2%
  • under 30 days cash on hand
  • occupancy below 30%
  • margin deteriorating sharply
  • rural — cheaper but limited density
  • bed count in the target band
  • very small ticket — sub-scale as a platform asset
  • very low occupancy — limited volume to learn from
  • nonprofit — expect AG conversion review

Latest financials · FY2023

Net patient revenue$52.6M
Operating margin 1.9%
Total margin 5.3%
Days cash on hand 0
Current ratio 246.12
Occupancy26%

Facility

Beds72
Facility typeSTH
Settingrural
Ownership classnonprofit
Per-bed (low) $100K
Per-bed (high) $200K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 72 $46.5M $11.1M 14.4% 21.8% 0 8.70 31% 1,814 28
2021 72 $53.7M $11.8M 15.5% 20.7% 0 0.91 36% 2,024 37
2022 72 $53.2M $8.4M 11.0% 15.0% 0 15.99 30% 1,723 31
2023 72 $52.6M $2.9M 1.9% 5.3% 0 246.12 26% 1,873 44

Owners

OwnerRole%SinceType
Allie Brooks corporate officer 2021-01
Amit Pande corporate officer 2021-06
Amy Fisher corporate officer 2021-06
Ashley Brady corporate officer 2018-01
Benjamin Zeigler corporate officer 2009-12
Beverly Hazelwood corporate officer 2018-01
Carl Chelen corporate officer 2022-01
Donna Isgett corporate officer 2021-03
Dudley Harrington corporate officer 2018-01
Frances Jones corporate officer 2018-01
Frank Boulineau corporate officer 2012-01
Frank Brand corporate officer 2018-01
Hugh Blair corporate officer 2018-01
James Smith corporate officer 2021-01
Jeannette Glenn corporate officer 2018-01
Joan Ervin w-2 managing employee 2016-01
John Braddy corporate officer 2007-01
Mary Anderson corporate officer 2018-01
Mcleod Health
Florence, SC
5% or greater direct ownership interest 2003-07
Patrick Denton corporate officer 2018-01
Raymond Clark corporate officer 2021-01
Ronald Fowler corporate officer 2012-01
Samuel Ervin corporate director 2007-10
Tarek Bishara corporate officer 2018-01
Tracy Ray corporate officer 2012-01

Showing 25 of 28. Full list via /api/targets/420005.

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 SC

Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.

DateBuyerSellerHospitalBeds
2025-10-01 Prisma Health-Midlands Prisma Health Tuomey Prisma Health Tuomey Hospital 161
2024-02-01 East Cooper Medical Center Llc East Cooper Community Hospital, Inc. East Cooper Regional Medical Center 120
2024-02-01 Hilton Head Medical Center Llc Hilton Head Health System, L.p. Hilton Head Hospital 93
2024-01-31 South Carolina Coastal Medical Center Llc Coastal Carolina Medical Center Inc Coastal Carolina Medical Center 41
2021-08-01 Medical University Hospital Authority Kershaw Hospital Llc Musc Health Kershaw Medical Center 99
2021-08-01 Medical University Hospital Authority Providence Hospital Llc Musc Health Columbia Medical Center 332
2021-02-01 Lexington Health Inc Lexington County Health Services... Lexington Medical Center 541
2020-12-31 Mcleod Regional Medical Center Of... Mcleod Regional Medical Center Of... Mcleod Regional Medical Center 524
2019-03-01 Medical University Hospital Authority Chester Hma Llc Musc Health Chester Medical Center 16
2019-03-01 Medical University Hospital Authority Qhg Of South Carolina Inc Musc Health Florence Medical Center 187
2019-03-01 Medical University Hospital Authority Qhg Of South Carolina Inc Musc Health Marion Medical Center 36
2019-01-01 Spartanburg Medical Center Mary Black Health System Llc Spartanburg Regional Medical Center 626
2019-01-01 Cherokee Medical Center Gaffney Hma Llc Cherokee Medical Center 24
2018-10-01 Prisma Health-Upstate Baptist Easley Hospital Ph Baptist Easley Hospital 74
2016-10-01 Prisma Health-Upstate Greenville Health System Ph Hillcrest Hospital 43