Ph Hillcrest Hospital
dba Prisma Health Hillcrest Hospital ·
Simpsonville, Greenville County, SC
· CCN 420037
Licensed to Prisma Health-Upstate
Composite
43.1
rank score
Distress
30
FY2023
Fit
74
vs thesis
Estimated ticket
$21.5M–$86.0M
43 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- small but workable bed count
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $124M |
| Operating margin | 24.8% |
| Total margin | 5.1% |
| Days cash on hand | 0 |
| Current ratio | 78.23 |
| Occupancy | 64% |
Facility
| Beds | 43 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 43 | $86.0M | $13.4M | 14.9% | 15.5% | 0 | 15.80 | 31% | 1,699 | 28 |
| 2021 | 43 | $112M | $29.9M | 25.7% | 26.5% | 0 | 2.25 | 52% | 2,686 | 24 |
| 2022 | 43 | $124M | $24.9M | 30.8% | 20.1% | 0 | 76.35 | 62% | 2,917 | 22 |
| 2023 | 43 | $124M | $6.4M | 24.8% | 5.1% | 0 | 78.23 | 64% | 10,017 | 30 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Kristi Lawrence | corporate director | 100 | 2020-04 | |
| Kristi Lawrence | w-2 managing employee | 100 | 2020-04 | |
| Polly Miller | corporate officer | 100 | 2020-03 | |
| Polly Miller | w-2 managing employee | 100 | 2020-03 | |
| Polly Miller | operational/managerial control | 100 | 2020-03 | |
| Prisma Health-Upstate | 5% or greater direct ownership interest | 100 | 2016-10 | |
| Prisma Health-Upstate | operational/managerial control | 100 | 2016-10 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2016-10-01 | change of ownership | Prisma Health-Upstate | Greenville Health System |
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 |