Union Medical Center
Union, Union County, SC
· CCN 420108
Licensed to Union Medical Center
Composite
31.3
rank score
Distress
38
FY2023
Fit
36
vs thesis
Estimated ticket
$1.5M–$3.0M
15 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- current ratio below 0.8
- liabilities exceed assets
- occupancy below 30%
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $32.2M |
| Operating margin | 2.5% |
| Total margin | 6.8% |
| Days cash on hand | — |
| Current ratio | 0.63 |
| Occupancy | 23% |
Facility
| Beds | 15 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 22 | $21.1M | $-3.2M | -20.6% | -14.4% | 1 | 0.13 | 29% | 385 | 100 |
| 2021 | 15 | $24.2M | $-1.6M | -9.6% | -6.4% | 14 | 0.53 | 34% | 522 | 87 |
| 2022 | 15 | $30.0M | $2.4M | 4.3% | 7.6% | 2 | 0.41 | 31% | 434 | 52 |
| 2023 | 15 | $32.2M | $2.3M | 2.5% | 6.8% | — | 0.63 | 23% | 382 | 38 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Spartanburg Regional Health Services District Inc | 5% or greater direct ownership interest | 100 | 2015-08 | |
| Spartanburg Regional Health Services District Inc | operational/managerial control | 100 | 2015-08 | |
| 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 |