Georgetown Memorial Hospital
dba Tidelands Georgetown Memorial Hospital ·
Georgetown, Georgetown County, SC
· CCN 420020
Licensed to Georgetown Memorial Hospital
Composite
36.3
rank score
Distress
25
FY2023
Fit
58
vs thesis
Estimated ticket
$6.9M–$13.8M
69 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin under 2%
- 30-60 days cash on hand
- debt above 70% of assets
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $190M |
| Operating margin | 0.4% |
| Total margin | 10.2% |
| Days cash on hand | 58 |
| Current ratio | 1.77 |
| Occupancy | 69% |
Facility
| Beds | 69 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 131 | $158M | $-2.2M | -1.1% | -1.4% | 111 | 1.66 | 46% | 3,710 | 30 |
| 2021 | 71 | $175M | $35.9M | 4.0% | 17.6% | 64 | 1.56 | 72% | 3,656 | 10 |
| 2022 | 68 | $168M | $-1.7M | -4.6% | -1.0% | 25 | 1.49 | 75% | 3,498 | 49 |
| 2023 | 69 | $190M | $21.6M | 0.4% | 10.2% | 58 | 1.77 | 69% | 3,440 | 25 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ashley Chisolm | w-2 managing employee | 2025-10 | ||
| Bruce Bailey | corporate officer | 2002-03 | ||
| Bruce Bailey | w-2 managing employee | 2002-03 | ||
| Bruce Bailey | operational/managerial control | 2002-03 | ||
| Charles Schulze | corporate director | 2025-10 | ||
| Charles Schulze | operational/managerial control | 2025-10 | ||
| Daniel Scheffing | corporate director | 2011-02 | ||
| Daniel Scheffing | operational/managerial control | 2025-10 | ||
| Derek Dudley | w-2 managing employee | 2024-05 | ||
| Erin Beadle | corporate officer | 2025-01 | ||
| Erin Beadle | w-2 managing employee | 2025-01 | ||
| Erin Beadle | operational/managerial control | 2025-01 | ||
| Eugene Hong | corporate director | 2025-10 | ||
| Eugene Hong | operational/managerial control | 2025-10 | ||
| Francis Ford | corporate director | 2008-10 | ||
| Francis Ford | operational/managerial control | 2025-10 | ||
| Gayle Resetar | corporate officer | 2002-03 | ||
| Gayle Resetar | w-2 managing employee | 2002-03 | ||
| Gayle Resetar | operational/managerial control | 2002-03 | ||
| Georgetown Hospital System | operational/managerial control | 2020-10 | chain | |
| James Battle | corporate director | 2025-10 | ||
| James Battle | operational/managerial control | 2025-10 | ||
| Matthew Severence | corporate director | 2025-10 | ||
| Matthew Severence | operational/managerial control | 2025-10 | ||
| Medical University Hospital Authority | operational/managerial control | 2025-10 |
Showing 25 of 37. Full list via /api/targets/420020.
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.
| 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 |