Market Analysis — NOLAND HOSPITAL ANNISTON II
AL market | 3 hospitals | HHI: 7,305 (Concentrated)
🛡️ Public data only — no PHI permitted on this instance.
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3
Hospitals in Market
458
Total Beds
$0.2B
Market Revenue
Concentrated
HHI: 7,305
None
Moat Rating (2/10)
#3
Market Share Rank
Competitive Moat (Mauboussin Framework)
Based on "Measuring the Moat" adapted for healthcare. Score 0-10: wide (8+), narrow (5-7), none (<5).
Scale Advantageweak
Switching Costslow
Market Share3.0%
Top 3 Concentration100.0%
Network Density0.66
Margin vs Market+21.3%
Bed Util vs Market-24.8%
What This Means
This hospital has a none moat — no moat — commoditized market position, pricing power limited. The AL market is highly concentrated — few dominant players, potential antitrust concerns (HHI: 7,305).
Implications: Operational improvements are the primary value driver — see the EBITDA bridge. Compare against peers via comparables or see the full AL market.
Top Competitors
| Hospital | Beds | Revenue | Rev Share | Bed Share |
|---|---|---|---|---|
| NORTHEAST ALABAMA REGIONAL MED CTR | 295 | $209M | 84.5% | 64.4% |
| STRINGFELLOW MEMORIAL HOSPITAL | 125 | $31M | 12.5% | 27.3% |
Regional Payer Mix
■ Medicare 39%■ Medicaid 22%■ Commercial 39%