Musc Health Lancaster Medical Center
Lancaster, Lancaster County, SC · CCN 420036
Composite
35.0
rank score
Distress
11
FY2024
Fit
75
vs thesis
Estimated ticket
$39.0M–$156M
78 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- 90-150 days cash on hand
- debt above 85% of assets
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $180M |
| Operating margin | 12.2% |
| Total margin | 13.8% |
| Days cash on hand | 148 |
| Current ratio | 1.96 |
| Occupancy | 73% |
Facility
| Beds | 78 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 78 | $95.1M | $1.3M | -16.8% | 1.1% | 35 | 2.68 | 76% | 4,232 | 56 |
| 2022 | 78 | $109M | $4.2M | -6.1% | 3.5% | 66 | 2.68 | 73% | 3,421 | 40 |
| 2023 | 78 | $128M | $-9.6M | -10.4% | -7.3% | 124 | 2.37 | 70% | 3,779 | 52 |
| 2024 | 78 | $180M | $25.4M | 12.2% | 13.8% | 148 | 1.96 | 73% | 4,939 | 11 |
Owners
No ownership records — CMS has no owner filings mapped to this CCN.
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2019-03-01 | change of ownership | Medical University Hospital Authority | Lancaster Hospital Corporation |
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 |