dealflow
envelope $200M

← Targets

Five Rivers Medical Center

Pocahontas, Randolph County, AR · CCN 040047

Composite
56.8
rank score
Distress
88
FY2023
Fit
43
vs thesis
Estimated ticket
$2.0M–$3.9M
28 beds · within envelope
Ownership
government
STH

Why it ranks here

  • operating margin below -10%
  • total margin below -8%
  • under 30 days cash on hand
  • current ratio under 1.5
  • debt above 85% of assets
  • 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$14.4M
Operating margin -39.4%
Total margin -16.0%
Days cash on hand 23
Current ratio 1.16
Occupancy21%

Facility

Beds28
Facility typeSTH
Settingrural
Ownership classgovernment
Per-bed (low) $70.0K
Per-bed (high) $140K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 32 $16.4M $-1.4M -21.0% -7.7% 39 2.88 18% 672 77
2021 38 $18.3M $5.4M -19.6% 19.7% 67 2.53 18% 820 47
2022 29 $17.3M $-1.7M -35.4% -7.8% 27 2.74 23% 637 71
2023 28 $14.4M $-2.8M -39.4% -16.0% 23 1.16 21% 447 88

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.

DateBuyerSellerHospitalBeds
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