East Cooper Regional Medical Center
dba Novant Health East Cooper Medical Center ·
Mt. Pleasant, Charleston County, SC
· CCN 420089
Licensed to East Cooper 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
15.3
rank score
Distress
28
FY2024
Fit
73
vs thesis
Estimated ticket
$60.0M–$240M
120 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- occupancy 30-45%
- margin slipping
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- thin occupancy
- for-profit — no charitable conversion review
- changed ownership 2024-02-01 — likely already transacted
Latest financials · FY2024
| Net patient revenue | $228M |
| Operating margin | 26.1% |
| Total margin | 26.1% |
| Days cash on hand | 0 |
| Current ratio | 2.74 |
| Occupancy | 39% |
Facility
| Beds | 120 |
| 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 | 130 | $153M | $40.0M | 21.2% | 25.0% | 0 | 1.00 | 31% | 4,332 | 37 |
| 2021 | 120 | $187M | $50.8M | 28.0% | 27.4% | 0 | 1.23 | 40% | 5,038 | 31 |
| 2022 | 120 | $206M | $58.6M | 28.3% | 28.4% | 0 | 3.52 | 41% | 5,074 | 28 |
| 2024 | 120 | $228M | $59.5M | 26.1% | 26.1% | 0 | 2.74 | 39% | 5,180 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Novant Health South Carolina Holdings, Llc | 5% or greater direct ownership interest | 100 | 2024-01 | |
| Amber Dube | corporate director | 2025-01 | ||
| Bernard Bastian | corporate director | 2025-01 | ||
| Carl Armato | corporate director | 2024-01 | ||
| Catherine Tamblyn | corporate director | 2025-01 | ||
| Danny Mullis | corporate director | 2025-01 | ||
| Donna Ryan | corporate director | 2025-01 | ||
| Dustin Hambright | corporate director | 2025-01 | ||
| East Cooper Community Hospital, Inc. | operational/managerial control | 2024-01 | ||
| East Cooper Physician Network Llc | operational/managerial control | 2024-01 | ||
| Jason Bernd | w-2 managing employee | 2024-01 | ||
| Jason Bernd | operational/managerial control | 2024-01 | ||
| John Dodds | corporate director | 2025-01 | ||
| John Knepper | corporate director | 2025-01 | ||
| Kimberly Caristi | corporate director | 2025-01 | ||
| Maggie Evans | corporate director | 2025-01 | ||
| Natalie Hammond | corporate director | 2025-01 | ||
| Novant Health, Inc. | 5% or greater indirect ownership interest | 2024-01 | chain | |
| Pleshette Grant | corporate director | 2025-01 | ||
| Sherry Eppelsheimer | corporate director | 2025-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-02-01 | change of ownership | East Cooper Medical Center Llc | East Cooper Community Hospital, Inc. |
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 |