Grand Strand Regional Med Ctr
dba Grand Strand Medical Center ·
Myrtle Beach, Horry County, SC
· CCN 420085
Licensed to Grand Strand Regional Medical Center Llc
Composite
36.2
rank score
Distress
20
FY2024
Fit
68
vs thesis
Estimated ticket
$173M–$692M
346 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size well above the envelope
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $683M |
| Operating margin | 35.2% |
| Total margin | 35.9% |
| Days cash on hand | 0 |
| Current ratio | 3.48 |
| Occupancy | 89% |
Facility
| Beds | 346 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 325 | $491M | $161M | 30.2% | 31.9% | 0 | 3.23 | 85% | 20,328 | 22 |
| 2022 | 331 | $569M | $181M | 29.3% | 31.0% | 0 | 3.20 | 87% | 19,957 | 22 |
| 2023 | 336 | $602M | $196M | 32.8% | 32.6% | 0 | 3.48 | 87% | 21,762 | 22 |
| 2024 | 346 | $683M | $248M | 35.2% | 35.9% | 0 | 3.48 | 89% | 23,222 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ac Med Llc | 5% or greater direct ownership interest | 100 | 2015-01 | |
| Hca Healthcare Inc | 5% or greater indirect ownership interest | 100 | 2011-08 | |
| Hca Inc | 5% or greater indirect ownership interest | 100 | 2007-05 | |
| Healthtrust Inc - The Hospital Company | 5% or greater indirect ownership interest | 100 | 2015-01 | |
| Frisco Holding Ii | 5% or greater indirect ownership interest | 16 | 2026-02 | |
| Hercules Holding Ii | 5% or greater indirect ownership interest | 14 | 2016-09 | |
| Eric Smith | contracted managing employee | 2021-03 | ||
| Eric Smith | other | 2021-03 | ||
| Jay Pettus | corporate officer | 2025-11 | ||
| Jay Pettus | w-2 managing employee | 2025-11 | ||
| Mark Sims | corporate officer | 2013-12 | ||
| Mark Sims | w-2 managing employee | 2013-12 |
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 |