Mena Medical Center
Mena, Polk County, AR · CCN 040015
Composite
52.3
rank score
Distress
78
FY2023
Fit
43
vs thesis
Estimated ticket
$2.9M–$5.7M
41 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- 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 | $28.7M |
| Operating margin | -24.7% |
| Total margin | -8.6% |
| Days cash on hand | 26 |
| Current ratio | 3.27 |
| Occupancy | 19% |
Facility
| Beds | 41 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| 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 | 41 | $26.6M | $2.2M | -8.2% | 7.2% | 268 | 5.50 | 28% | 957 | 31 |
| 2021 | 41 | $27.7M | $5.5M | -16.3% | 14.7% | 139 | 2.37 | 20% | 1,037 | 41 |
| 2022 | 41 | $29.6M | $-1.8M | -18.0% | -5.4% | 63 | 4.61 | 21% | 1,081 | 59 |
| 2023 | 41 | $28.7M | $-2.8M | -24.7% | -8.6% | 26 | 3.27 | 19% | 1,071 | 78 |
Owners
No ownership records — CMS has no owner filings mapped to this CCN.
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 AR
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 |
|---|---|---|---|---|
| 2023-12-03 | Baptist Health | Drew Memorial Hospital, Inc | Drew Memorial Hospital Inc | 49 |
| 2023-07-01 | South Arkansas Regional Hospital Llc | Mcsa Llc | South Arkansas Regional Hospital Llc | 105 |
| 2021-08-01 | Siloam Springs Arkansas Hospital... | Fayetteville Arkansas Hospital Company Llc | Siloam Springs Memorial Hospital | 44 |
| 2020-10-01 | Magnolia Regional Health System Inc | Magnolia Regional Medical Center | Magnolia Regional Health System Inc | 29 |
| 2018-11-01 | Baptist Health Regional Hospitals | Fort Smith Hma, Llc | Baptist Health Medical Center - Fs | 314 |
| 2018-11-01 | Baptist Health Regional Hospitals | Van Buren Hma Llc | Baptist Health Medical Center - Vb | 74 |