Coastal Carolina Medical Center
dba Novant Health Coastal Carolina Medical Center ·
Hardeeville, Jasper County, SC
· CCN 420101
Licensed to South Carolina Coastal Medical Center Llc
Already transacted. CMS recorded an ownership change effective
2024-01-31. Confirm the current owner before spending a call on this.
Composite
14.6
rank score
Distress
20
FY2022
Fit
77
vs thesis
Estimated ticket
$20.5M–$82.0M
41 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- small but workable bed count
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
- changed ownership 2024-01-31 — likely already transacted
Latest financials · FY2022
| Net patient revenue | $94.8M |
| Operating margin | 24.9% |
| Total margin | 25.0% |
| Days cash on hand | 0 |
| Current ratio | 2.81 |
| Occupancy | 66% |
Facility
| Beds | 41 |
| 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 | 41 | $80.6M | $15.3M | 18.1% | 18.8% | 0 | 1.22 | 65% | 3,257 | 26 |
| 2021 | 41 | $90.8M | $23.7M | 23.4% | 25.4% | 0 | 1.88 | 68% | 3,276 | 22 |
| 2022 | 41 | $94.8M | $23.7M | 24.9% | 25.0% | 0 | 2.81 | 66% | 3,351 | 20 |
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 | chain |
| Christopher Spires | corporate director | 2025-01 | ||
| Coastal Carolina Medical Center Inc | operational/managerial control | 2024-01 | ||
| Douglas Mcclure | corporate director | 2021-07 | ||
| Eric Gwynn | corporate director | 2021-01 | ||
| Hilton Head Regional Physician Network Llc | operational/managerial control | 2024-01 | ||
| Jason Bernd | w-2 managing employee | 2024-01 | ||
| Jason Bernd | operational/managerial control | 2024-01 | ||
| Lyn Tindal | corporate director | 2021-01 | ||
| Lynn Norton | corporate director | 2025-01 | ||
| Richard Hunter | corporate director | 2024-01 | ||
| Rose Newton | corporate director | 2021-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-01-31 | change of ownership | South Carolina Coastal Medical... | Coastal Carolina Medical Center 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 |