Ph N Greenville Lt Acute Care Hosp
dba Prisma Health North Greenville Ltach ·
Travelers Rest, Greenville County, SC
· CCN 422008
Licensed to Prisma Health-Upstate
Composite
56.2
rank score
Distress
67
FY2023
Fit
65
vs thesis
Estimated ticket
$11.2M–$44.9M
44 beds ·
within envelope
Ownership
nonprofit
LTCH
Why it ranks here
- operating margin -10% to -5%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- small but workable bed count
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $29.2M |
| Operating margin | -7.3% |
| Total margin | -9.4% |
| Days cash on hand | 0 |
| Current ratio | 0.14 |
| Occupancy | 75% |
Facility
| Beds | 44 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $255K |
| Per-bed (high) | $1.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 45 | $16.2M | $-11.3M | -70.0% | -69.5% | 0 | 0.03 | 34% | 214 | 97 |
| 2021 | 44 | $12.3M | $-9.8M | -79.2% | -80.0% | — | 1.93 | 22% | 130 | 69 |
| 2022 | 44 | $31.9M | $-397K | 16.6% | -1.2% | 0 | -20.93 | 76% | 321 | 43 |
| 2023 | 44 | $29.2M | $-2.9M | -7.3% | -9.4% | 0 | 0.14 | 75% | 302 | 67 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Kristi Lawrence | corporate director | 100 | 2020-04 | |
| Kristi Lawrence | w-2 managing employee | 100 | 2020-04 | |
| Polly Miller | corporate officer | 100 | 2020-03 | |
| Polly Miller | w-2 managing employee | 100 | 2020-03 | |
| Polly Miller | operational/managerial control | 100 | 2020-03 | |
| Prisma Health-Upstate | 5% or greater direct ownership interest | 100 | 2016-10 | |
| Prisma Health-Upstate | operational/managerial control | 100 | 2016-10 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2016-10-01 | change of ownership | Prisma Health-Upstate | Greenville Health System |
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 |
|---|---|---|---|---|
| 2025-01-01 | Charleston-Amg Specialty Hospital Inc | Vibra Hospital Of Charleston Llc | Vibra Hospital Of Charleston Llc | 59 |
| 2016-10-01 | Prisma Health-Upstate | Greenville Health System | Ph N Greenville Lt Acute Care Hosp | 44 |
| 2016-08-01 | Continuecare Hospital At Palmetto... | Intermedical Hospital Of South Carolina | Continuecare Hosp At Palmetto Health | 35 |