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Short-term acute care hospital · Hartsville, South Carolina · 112 beds · CMS certification number 420010

Carolina Pines Regional Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended September 30, 2025, as submitted, stamped by CMS March 12, 2026. 29 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$142.3M
$142,331,012 · G-3 line 3
Operating expenses
$131.7M
$131,726,012 · G-3 line 4
Result from patient care
$10.6M
$10,605,000 · G-3 line 5
Margin on patient care
7.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $29.5M in its first year on file (1997) to $142.3M in 2025.
  • Its result from patient care: −$30.1M (2023), $8.4M (2024), $10.6M (2025).
  • 4 of the 5 short-term acute care hospital peers below with a margin on file also report a gain on patient care for fiscal year 2025.
  • Medicaid paid for 4.3% of its inpatient days and Medicare for 22.9%.
  • KNIGHT HEALTH HOLDINGS LLC holds 100% of it, on its Medicare enrollment.

Every statement is drawn from figures on this page; nothing is estimated.

29 years of filings

Net patient revenue against operating expenses, each year as filed.

Net patient revenueOperating expenses
1997
reopened
$29.5M
$24.0M
1998
settled
$35.7M
$26.4M
1999
reopened
$40.4M
$28.5M
2000
reopened
$48.7M
$34.6M
2001
settled
$60.6M
$43.3M
2002
settled with audit
$68.1M
$49.2M
2003
settled
$73.2M
$52.8M
2004
settled with audit
$79.8M
$57.9M
2005
reopened
$82.5M
$58.6M
2006
reopened
$82.7M
$62.2M
2007
reopened
$95.9M
$75.1M
2008
reopened
$84.8M
$75.5M
2009
reopened
$94.0M
$82.6M
2010
reopened
$92.9M
$81.1M
2011
reopened
$82.2M
$72.2M
2012
reopened
$85.3M
$76.2M
2013
reopened
$80.3M
$63.4M
2014
reopened
$94.6M
$82.3M
2015
settled
$85.0M
$76.5M
2016
reopened
$80.4M
$77.2M
2017
settled
$75.0M
$70.5M
2018
settled
$78.5M
$75.8M
2019
settled
$87.8M
$75.3M
2020
settled
$92.8M
$96.6M
2021
settled
$111.7M
$106.1M
2022
settled
$98.0M
$104.0M
2023
settled
$97.1M
$127.2M
2024
settled
$136.4M
$128.0M
2025
as submitted
$142.3M
$131.7M

Beside its peers

Short-term acute care hospitals in South Carolina with 100 to 199 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Carolina Pines Regional Medical Center112$142,331,012$131,726,0127.4%
Novant Health East Cooper Medical Center, Mt. Pleasant120$176,539,011$172,534,5862.3%
HCA Healthcare Colleton Hospital, Walterboro102$96,137,534$85,115,45911.5%
MUSC Health Lancaster Medical Center, Lancaster103$162,341,024$162,623,357−0.2%
Prisma Health Oconee Memorial Hospital, Seneca144$217,503,742$176,755,31318.7%
Tidelands Waccamaw Community Hospital, Murrells Inlet119$215,443,348$198,383,0917.9%

Patients and payers

Discharges
3,243
S-3 line 14, col 15
Inpatient days
11,300
S-3 line 14, col 8
Beds in use, on an average day
31.0
days ÷ days in year
Occupancy
27.6%
days ÷ bed days
Medicare share of days
22.9%
S-3 cols 6 ÷ 8
Medicaid share of days
4.3%
S-3 cols 7 ÷ 8

Who owns it

  • KNIGHT HEALTH HOLDINGS LLC100%
  • KNIGHT HEALTH II LLC100%
  • KNIGHT HEALTH LLC100%
  • CAROLINA PINES HOLDINGS LLC99%

Related organizations on its own cost report: LIFEPOINT, hospital mgmt.

Other hospitals with the same owner: Andalusia Health (AL), Vaughan Regional Medical Center (AL), Cornerstone Specialty Hospitals Little Rock (AR), Kindred Hospital - Los Angeles (CA), Kindred Hospital - San Francisco Bay Area (CA), Kindred Hospital Westminster (CA), Kindred Hospital - San Diego (CA), Kindred Hospital - Ontario (CA), Kindred Hospital Brea (CA), Kindred Hospital Baldwin Park (CA), Kindred Hospital Paramount (CA), Kindred Hospital Rancho (CA).

Type of control on its cost report: proprietary, corporation.

Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 420010. Patients and payers: worksheet S-3 Part I of the same filing. Ownership: CMS Hospital All Owners and Hospital Enrollments.

How this page was built: the CMS Medicare cost report, file HOSP10FY2025.ZIP, read March 12, 2026.