dealflow
envelope $200M

← Targets

Ghs Greenville Memorial Hospital

dba Prisma Health Pediatrics Verdae · Greenville, Greenville County, SC · CCN 420078
Licensed to Prisma Health-Upstate

Composite
12.9
rank score
Distress
23
FY2023
Fit
55
vs thesis
Estimated ticket
$356M–$1.4B
712 beds · over envelope
Ownership
nonprofit
STH

Why it ranks here

  • under 30 days cash on hand
  • margin slipping
  • 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$1.8B
Operating margin 20.1%
Total margin 3.4%
Days cash on hand 0
Current ratio 80.61
Occupancy87%

Facility

Beds712
Facility typeSTH
Settingurban
Ownership classnonprofit
Per-bed (low) $500K
Per-bed (high) $2.0M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 730 $1.4B $72.1M -0.7% 4.9% 0 9.05 74% 35,717 38
2021 728 $1.6B $175M 7.0% 10.5% 0 1.95 86% 37,182 22
2022 721 $1.6B $-11.6M 16.3% -0.7% 0 82.70 88% 36,094 30
2023 712 $1.8B $61.9M 20.1% 3.4% 0 80.61 87% 42,101 23

Owners

OwnerRole%SinceType
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
Greenville, SC
5% or greater direct ownership interest 100 2016-10
Prisma Health-Upstate
Greenville, SC
operational/managerial control 100 2016-10

Ownership changes

DateTypeBuyerSeller
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.

DateBuyerSellerHospitalBeds
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