Lexington Medical Center
West Columbia, Lexington County, SC
· CCN 420073
Licensed to Lexington Health Inc
Composite
9.9
rank score
Distress
6
FY2023
Fit
55
vs thesis
Estimated ticket
$270M–$1.1B
541 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin under 2%
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $1.5B |
| Operating margin | 0.6% |
| Total margin | 5.4% |
| Days cash on hand | 190 |
| Current ratio | 7.02 |
| Occupancy | 83% |
Facility
| Beds | 541 |
| 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 | 508 | $1.2B | $24.9M | -3.3% | 2.0% | 133 | 2.45 | 70% | 24,314 | 28 |
| 2021 | 527 | $958M | $77.9M | 5.7% | 7.9% | 366 | 8.91 | 79% | 28,654 | 0 |
| 2022 | 541 | $1.4B | $-40.2M | 1.1% | -2.9% | 195 | 7.17 | 79% | 27,130 | 14 |
| 2023 | 541 | $1.5B | $85.9M | 0.6% | 5.4% | 190 | 7.02 | 83% | 37,375 | 6 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ashley Joiner | corporate officer | 2021-02 | ||
| Ashley Joiner | operational/managerial control | 2021-02 | ||
| Jeffrey Brillhart | corporate officer | 2021-02 | ||
| Jeffrey Brillhart | operational/managerial control | 2021-02 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2021-02-01 | change of ownership | Lexington Health Inc | Lexington County Health... |
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 |