North Arkansas Regional Medical Ctr
Harrison, Boone County, AR
· CCN 040017
Licensed to North Arkansas Regional Medical Center
Composite
51.7
rank score
Distress
74
FY2024
Fit
46
vs thesis
Estimated ticket
$8.4M–$16.8M
120 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- 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 · FY2024
| Net patient revenue | $93.2M |
| Operating margin | -16.2% |
| Total margin | -7.4% |
| Days cash on hand | 3 |
| Current ratio | 1.85 |
| Occupancy | 16% |
Facility
| Beds | 120 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 120 | $82.7M | $12.7M | -13.3% | 12.0% | 75 | 1.73 | 19% | 2,145 | 47 |
| 2022 | 120 | $93.6M | $3.0M | -11.9% | 2.7% | 25 | 1.54 | 20% | 2,063 | 59 |
| 2023 | 120 | $89.1M | $-8.7M | -13.9% | -9.4% | 2 | 1.84 | 16% | 1,945 | 76 |
| 2024 | 120 | $93.2M | $-7.4M | -16.2% | -7.4% | 3 | 1.85 | 16% | 1,865 | 74 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andrea Smith | corporate director | 2024-02 | ||
| Andrea Smith | w-2 managing employee | 2024-02 | ||
| Daniel Bowers | corporate director | 2008-04 | ||
| David O'neal | corporate director | 2022-01 | ||
| Ken Milburn | corporate director | 2022-01 | ||
| Kirk Campbell | corporate director | 2022-01 | ||
| Larry Phillips | corporate director | 2024-01 | ||
| Ross Halsted | corporate director | 2024-01 | ||
| Sammie Cribbs Roberson | corporate director | 2024-01 | ||
| Sammie Cribbs Roberson | w-2 managing employee | 2023-01 | ||
| Sherri Billings | corporate director | 2022-01 | ||
| Stephen Beeler | corporate director | 2022-01 | ||
| Thomas Rosson | corporate director | 2023-01 |
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 |