Hilton Head Hospital
dba Novant Health Hilton Head Medical Center ·
Hilton Head Island, Beaufort County, SC
· CCN 420080
Licensed to Hilton Head Medical Center Llc
Already transacted. CMS recorded an ownership change effective
2024-02-01. Confirm the current owner before spending a call on this.
Composite
14.4
rank score
Distress
22
FY2024
Fit
78
vs thesis
Estimated ticket
$46.5M–$186M
93 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- occupancy 45-60%
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- for-profit — no charitable conversion review
- changed ownership 2024-02-01 — likely already transacted
Latest financials · FY2024
| Net patient revenue | $183M |
| Operating margin | 27.6% |
| Total margin | 27.8% |
| Days cash on hand | 0 |
| Current ratio | 2.80 |
| Occupancy | 60% |
Facility
| Beds | 93 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| 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 | 109 | $148M | $44.0M | 23.1% | 27.9% | 0 | 0.76 | 57% | 6,013 | 38 |
| 2021 | 109 | $170M | $46.4M | 27.3% | 27.3% | 0 | 1.06 | 63% | 6,288 | 26 |
| 2022 | 109 | $166M | $48.9M | 29.2% | 29.4% | 0 | 3.05 | 52% | 5,768 | 24 |
| 2024 | 93 | $183M | $50.9M | 27.6% | 27.8% | 0 | 2.80 | 60% | 5,983 | 22 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Novant Health South Carolina Holdings, Llc | 5% or greater direct ownership interest | 100 | 2024-01 | |
| Novant Health, Inc. | 5% or greater indirect ownership interest | 100 | 2024-01 | |
| Al Panu | corporate director | 2025-01 | ||
| Carl Armato | corporate director | 2024-01 | ||
| David Burke | corporate director | 2024-01 | ||
| Hilton Head Health System, L.p. | operational/managerial control | 2024-01 | ||
| Hilton Head Regional Physician Network Llc | operational/managerial control | 2024-01 | ||
| James Gigante | corporate director | 2025-01 | ||
| Jason Bernd | w-2 managing employee | 2024-01 | ||
| Jason Bernd | operational/managerial control | 2024-01 | ||
| Jeanette Taylor-Jones | corporate director | 2025-01 | ||
| Jeffrey Reuben | corporate director | 2024-01 | ||
| Melissa Santorum | corporate director | 2024-01 | ||
| Michael Gilbreath | corporate director | 2024-01 | ||
| Michael Rosenfield | corporate director | 2024-01 | ||
| Timothy Alikakos | corporate director | 2025-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-02-01 | change of ownership | Hilton Head Medical Center Llc | Hilton Head Health System, L.p. |
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 |