Conway Regional Medical Center Inc
dba Conway Regional Medical Center Inc ·
Conway, Faulkner County, AR
· CCN 040029
Licensed to Conway Regional Medical Center Inc
Composite
51.2
rank score
Distress
47
FY2023
Fit
75
vs thesis
Estimated ticket
$84.5M–$338M
169 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- under 30 days cash on hand
- occupancy 45-60%
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $234M |
| Operating margin | -10.5% |
| Total margin | 3.4% |
| Days cash on hand | 17 |
| Current ratio | 1.57 |
| Occupancy | 59% |
Facility
| Beds | 169 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 139 | $194M | $5.6M | -8.9% | 2.6% | 79 | 2.05 | 72% | 7,841 | 32 |
| 2021 | 139 | $231M | $11.8M | -6.7% | 4.6% | 50 | 1.56 | 81% | 8,333 | 39 |
| 2022 | 169 | $233M | $-16.5M | -14.5% | -6.6% | 20 | 1.43 | 66% | 8,264 | 66 |
| 2023 | 169 | $234M | $9.1M | -10.5% | 3.4% | 17 | 1.57 | 59% | 8,418 | 47 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Allison Bramlett | w-2 managing employee | 2024-01 | ||
| Andrew Cole | operational/managerial control | 2012-01 | ||
| Bryan Bruich | operational/managerial control | 2022-01 | ||
| Gena Ester | operational/managerial control | 2022-01 | ||
| Jeffrey Standridge | operational/managerial control | 2017-01 | ||
| Jeremy Riddle | operational/managerial control | 2024-01 | ||
| Matthew Troup | corporate officer | 2015-09 | ||
| Susan Gatto | operational/managerial control | 2022-01 | ||
| Thad Hardin | operational/managerial control | 2017-01 | ||
| Thaddeus Stanton | operational/managerial control | 2024-01 | ||
| Tom Poe | operational/managerial control | 2013-01 | ||
| Wayne Cox | operational/managerial control | 2013-01 | ||
| William Pack | w-2 managing employee | 2022-08 | ||
| William Pack | operational/managerial control | 2022-08 |
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 |