Newberry County Memorial Hospital
Newberry, Newberry County, SC
· CCN 420053
Licensed to Newberry County Memorial Hospital
Composite
34.8
rank score
Distress
39
FY2024
Fit
43
vs thesis
Estimated ticket
$4.8M–$9.6M
48 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- occupancy below 30%
- margin deteriorating
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $54.6M |
| Operating margin | -20.2% |
| Total margin | 8.1% |
| Days cash on hand | 325 |
| Current ratio | 4.92 |
| Occupancy | 29% |
Facility
| Beds | 48 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 48 | $51.6M | $7.6M | -10.2% | 11.8% | 378 | 5.16 | 39% | 1,714 | 33 |
| 2022 | 48 | $55.2M | $-4.4M | -9.9% | -7.9% | 280 | 7.65 | 40% | 1,626 | 40 |
| 2023 | 48 | $56.8M | $3.3M | -5.9% | 5.2% | 312 | 8.91 | 33% | 1,563 | 28 |
| 2024 | 48 | $54.6M | $5.8M | -20.2% | 8.1% | 325 | 4.92 | 29% | 1,249 | 39 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Gena Driggers | w-2 managing employee | 2017-05 | ||
| John Doyle | corporate officer | 2023-09 | ||
| John Pugh | corporate officer | 2009-10 | ||
| John Snow | w-2 managing employee | 2023-04 |
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 |