Pelham Medical Center
Greer, Spartanburg County, SC
· CCN 420103
Licensed to Pelham Medical Center
Composite
30.8
rank score
Distress
0
FY2023
Fit
77
vs thesis
Estimated ticket
$24.0M–$96.0M
48 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- 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
Latest financials · FY2023
| Net patient revenue | $148M |
| Operating margin | 18.0% |
| Total margin | 18.9% |
| Days cash on hand | — |
| Current ratio | 7.19 |
| Occupancy | 70% |
Facility
| Beds | 48 |
| 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 | 48 | $92.5M | $14.4M | 5.9% | 14.2% | 1 | 3.47 | 52% | 2,350 | 24 |
| 2021 | 48 | $114M | $16.2M | 11.6% | 13.9% | 10 | 5.15 | 76% | 2,888 | 22 |
| 2022 | 48 | $137M | $24.6M | 17.1% | 17.8% | 1 | 5.39 | 86% | 3,135 | 22 |
| 2023 | 48 | $148M | $28.4M | 18.0% | 18.9% | — | 7.19 | 70% | 2,970 | 0 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Spartanburg Regional Health Services District Inc | 5% or greater direct ownership interest | 100 | 2008-10 | |
| Anthony Kouskolekas | corporate officer | 2012-09 | ||
| Anthony Kouskolekas | w-2 managing employee | 2012-09 | ||
| Anthony Kouskolekas | operational/managerial control | 2012-09 | ||
| Bruce Davis | corporate officer | 2020-01 | ||
| Bruce Davis | w-2 managing employee | 2020-01 | ||
| Bruce Davis | operational/managerial control | 2020-01 | ||
| Charles Morrow | w-2 managing employee | 2023-12 | ||
| Charles Morrow | operational/managerial control | 2023-12 | ||
| Elmer Holstien | corporate officer | 2011-08 | ||
| Elmer Holstien | w-2 managing employee | 2011-08 | ||
| Elmer Holstien | operational/managerial control | 2011-08 |
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 |