Russellville Hospital
Russellville, AL
· CCN 010158
Licensed to Russellville Hospital Inc.
Composite
61.6
rank score
Distress
96
FY2023
Fit
46
vs thesis
Estimated ticket
$3.6M–$7.1M
51 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current liabilities exceed current assets
- liabilities exceed assets
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $48.6M |
| Operating margin | -14.1% |
| Total margin | -12.6% |
| Days cash on hand | 3 |
| Current ratio | 0.83 |
| Occupancy | 26% |
Facility
| Beds | 51 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 49 | $21.9M | $-108K | -21.3% | -0.4% | 20 | 2.39 | 33% | 1,304 | 74 |
| 2021 | 49 | $30.0M | $683K | -3.3% | 2.2% | 10 | 1.85 | 28% | 1,006 | 58 |
| 2022 | 49 | $30.8M | $768K | -7.9% | 2.3% | 16 | 1.18 | 26% | 921 | 68 |
| 2023 | 51 | $48.6M | $-6.2M | -14.1% | -12.6% | 3 | 0.83 | 26% | 938 | 96 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Java Medical Group Llc | operational/managerial control | 100 | 2018-12 | |
| The Dava Foundation Inc | 5% or greater direct ownership interest | 100 | 2018-12 | |
| Ashoke Mukherji | operational/managerial control | 53 | 2018-12 | |
| Gregory Cheatham | operational/managerial control | 33 | 2018-12 | |
| Martha Mccormick | operational/managerial control | 13 | 2018-12 | |
| Blanton Gray | corporate director | 2018-12 | ||
| Christine Stewart | w-2 managing employee | 2015-01 | ||
| Christine Stewart | operational/managerial control | 2015-01 | ||
| Joseph Chester | corporate director | 2018-12 | ||
| Mary Johnson | corporate director | 2018-12 |
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 AL
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 |
|---|---|---|---|---|
| 2025-08-01 | University Of Alabama At Birmingham | Uab Callahan Eye Hospital Authority | University Of Alabama Hospital | 1,149 |
| 2025-05-01 | Marion Regional Health - Winfield, Inc. | Northwest Medical Center Inc. | Northwest Medical Center | 28 |
| 2024-09-30 | City Of Jackson Healthcare Authority | Jackson Medical Center, Llc | Jackson Medical Center | 35 |
| 2024-04-01 | Hh Health System - Dekalb Llc | Fort Payne Hospital Corporation | Dekalb Regional Medical Center | 97 |
| 2023-10-01 | Usa Health Hca Providence Hospital Llc | Providence Hospital | Providence Hospital | 349 |
| 2021-10-01 | Hh Health System - Jackson Llc | Jackson County Health Care Authority | Highlands Medical Center | 45 |
| 2018-06-01 | Floyd Cherokee Medical Center Llc | Centre Hospital Corporation | Cherokee Medical Center | 45 |
| 2017-11-01 | The Health Care Authority Of The... | Greenville Hospital Corporation | Regional Medical Ctr Of Central Al | 44 |
| 2016-01-01 | Hh-Health System - Athens Limestone Llc | Healthcare Authority Of Athens And... | Athens Limestone | 66 |