Musc Health Chester Medical Center
Chester, Chester County, SC
· CCN 420019
Licensed to Medical University Hospital Authority
Composite
50.4
rank score
Distress
63
FY2024
Fit
55
vs thesis
Estimated ticket
$6.8M–$27.2M
16 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- liabilities exceed assets
- occupancy 45-60%
- urban — higher occupancy and iteration surface
- very small facility
- small ticket — deploys little of the available capital
- moderate occupancy
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $63.7M |
| Operating margin | -9.7% |
| Total margin | -3.2% |
| Days cash on hand | 0 |
| Current ratio | 1.66 |
| Occupancy | 48% |
Facility
| Beds | 16 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 16 | $37.9M | $-5.7M | -40.2% | -12.0% | 0 | 0.17 | 46% | 686 | 93 |
| 2022 | 16 | $48.2M | $-1.0M | -14.0% | -1.9% | 0 | -0.48 | 50% | 744 | 84 |
| 2023 | 16 | $56.5M | $-5.7M | -18.1% | -9.4% | 0 | 1.46 | 83% | 824 | 81 |
| 2024 | 16 | $63.7M | $-2.2M | -9.7% | -3.2% | 0 | 1.66 | 48% | 866 | 63 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Barbara Johnson Williams | corporate director | 100 | 2026-01 | |
| Bartlett Witherspoon | corporate director | 100 | 2026-01 | |
| Charles Castles | corporate director | 100 | 2026-01 | |
| Charles Schulze | corporate director | 100 | 2026-01 | |
| Donald Johnson | corporate director | 100 | 2026-01 | |
| Douglas Lischke | corporate officer | 100 | 2024-12 | |
| George Smith | corporate director | 100 | 2026-01 | |
| Henry Butehorn | corporate director | 100 | 2026-01 | |
| James Battle | corporate director | 100 | 2026-01 | |
| James Lemon | corporate director | 100 | 2026-01 | |
| Michael Stavrinakis | corporate director | 100 | 2026-01 | |
| Patrick Cawley | corporate officer | 100 | 2019-03 | |
| Paul Davis | corporate director | 100 | 2026-01 | |
| Richard Christian | corporate director | 100 | 2026-01 | |
| Terri Barnes | corporate director | 100 | 2026-01 | |
| Thomas Stephenson | corporate director | 100 | 2026-01 | |
| William Brown | corporate director | 100 | 2026-01 | |
| Karyn Rae | corporate director | 2019-03 | ||
| Sonya Floyd | w-2 managing employee | 2019-03 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2019-03-01 | change of ownership | Medical University Hospital Authority | Chester Hma Llc |
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.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 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 |