Musc Health Columbia Medical Center
dba Columbia Medical Center Downtown ·
Columbia, SC
· CCN 420026
Licensed to Medical University Hospital Authority
Composite
45.5
rank score
Distress
53
FY2024
Fit
54
vs thesis
Estimated ticket
$141M–$564M
332 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin under 2%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy 30-45%
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size well above the envelope
- thin occupancy
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $291M |
| Operating margin | 0.4% |
| Total margin | 5.2% |
| Days cash on hand | 22 |
| Current ratio | 0.60 |
| Occupancy | 33% |
Facility
| Beds | 332 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 332 | $203M | $-23.6M | -15.9% | -11.2% | 3 | 0.77 | 28% | 6,122 | 100 |
| 2021 | 332 | $167M | $-14.6M | -12.6% | -8.4% | 0 | 2.21 | 24% | 4,381 | 87 |
| 2022 | 332 | $143M | $-49.3M | -41.7% | -32.1% | 0 | 0.38 | 15% | 6,284 | 100 |
| 2023 | 332 | $205M | $-47.8M | -25.3% | -22.9% | 2 | 1.17 | 28% | 8,048 | 90 |
| 2024 | 332 | $291M | $15.9M | 0.4% | 5.2% | 22 | 0.60 | 33% | 10,171 | 53 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Barbara Johnson Williams | corporate director | 2026-01 | ||
| Bartlett Witherspoon | corporate director | 2026-01 | ||
| Charles Castles | corporate director | 2026-01 | ||
| Charles Schulze | corporate director | 2026-01 | ||
| Donald Johnson | corporate director | 2026-01 | ||
| Douglas Lischke | w-2 managing employee | 2023-12 | ||
| George Smith | corporate director | 2026-01 | ||
| Henry Butehorn | corporate director | 2026-01 | ||
| James Battle | corporate director | 2026-01 | ||
| James Lemon | corporate director | 2026-01 | ||
| Karyn Rae | corporate director | 2021-08 | ||
| Medical University Of South Carolina | operational/managerial control | 2019-03 | ||
| Michael Stavrinakis | corporate director | 2026-01 | ||
| Patrick Cawley | corporate officer | 2021-08 | ||
| Paul Davis | corporate director | 2026-01 | ||
| Richard Christian | corporate director | 2026-01 | ||
| Sonya Floyd | w-2 managing employee | 2021-08 | ||
| Terri Barnes | corporate director | 2026-01 | ||
| Thomas Stephenson | corporate director | 2026-01 | ||
| William Brown | corporate director | 2026-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2021-08-01 | change of ownership | Medical University Hospital Authority | Providence Hospital 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 |