Mcleod Regional Medical Center
Florence, Florence County, SC
· CCN 420051
Licensed to Mcleod Regional Medical Center Of The Pee Dee Inc
Composite
42.0
rank score
Distress
40
FY2023
Fit
60
vs thesis
Estimated ticket
$52.4M–$105M
524 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- under 30 days cash on hand
- margin deteriorating
- rural — cheaper but limited density
- very large — likely out of range
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $858M |
| Operating margin | -0.1% |
| Total margin | 7.3% |
| Days cash on hand | 11 |
| Current ratio | 6.04 |
| Occupancy | 73% |
Facility
| Beds | 524 |
| 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 | 524 | $700M | $75.8M | 1.2% | 9.9% | 104 | 3.23 | 71% | 22,266 | 11 |
| 2021 | 524 | $782M | $80.9M | 1.9% | 9.5% | 70 | 3.27 | 76% | 23,098 | 17 |
| 2022 | 524 | $793M | $25.1M | -4.9% | 2.9% | 17 | 4.27 | 76% | 22,672 | 38 |
| 2023 | 524 | $858M | $67.6M | -0.1% | 7.3% | 11 | 6.04 | 73% | 23,655 | 40 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Dudley Harrington | corporate officer | 100 | 2016-10 | |
| Judy Bibbo | w-2 managing employee | 100 | 2017-09 | |
| Allie Brooks | corporate officer | 2019-02 | ||
| Amit Pande | corporate officer | 2021-06 | ||
| Amy Fisher | corporate officer | 2021-06 | ||
| Ashley Brady | corporate officer | 2018-01 | ||
| Benjamin Zeigler | corporate officer | 2009-12 | ||
| Beverly Hazelwood | corporate officer | 2018-01 | ||
| Cameron Coker | w-2 managing employee | 2024-07 | ||
| Carl Chelen | corporate officer | 2022-01 | ||
| Christian Soura | corporate officer | 2025-04 | ||
| Donna Isgett | corporate officer | 2021-03 | ||
| Frances Jones | corporate officer | 2018-01 | ||
| Frank Boulineau | corporate officer | 2012-01 | ||
| Frank Brand | corporate officer | 2018-01 | ||
| Hugh Blair | corporate officer | 2018-01 | ||
| James Smith | corporate officer | 2019-02 | ||
| Jeannette Glenn | corporate officer | 2018-01 | ||
| John Braddy | corporate officer | 2007-01 | ||
| Kenneth Beasley | w-2 managing employee | 2024-07 | ||
| Mary Anderson | corporate officer | 2018-01 | ||
| Mcleod Health | 5% or greater direct ownership interest | 2007-10 | ||
| Patrick Denton | corporate officer | 2018-01 | ||
| Raymond Clark | corporate officer | 2016-09 | ||
| Ronald Fowler | corporate officer | 2012-01 |
Showing 25 of 32. Full list via /api/targets/420051.
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2020-12-31 | acquisition/merger | Mcleod Regional Medical Center... | Mcleod Regional Medical Center... |
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 |