Drew Memorial Hospital Inc
dba Baptist Health Medical Center - Drew County ·
Monticello, Drew County, AR
· CCN 040051
Licensed to Baptist Health
Already transacted. CMS recorded an ownership change effective
2023-12-03. Confirm the current owner before spending a call on this.
Composite
18.8
rank score
Distress
75
FY2023
Fit
50
vs thesis
Estimated ticket
$3.4M–$6.9M
49 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
- changed ownership 2023-12-03 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $35.3M |
| Operating margin | -27.2% |
| Total margin | -20.8% |
| Days cash on hand | 5 |
| Current ratio | 2.14 |
| Occupancy | 36% |
Facility
| Beds | 49 |
| 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 | 50 | $40.0M | $1.4M | -11.7% | 3.0% | 169 | 1.40 | 48% | 2,183 | 33 |
| 2022 | 49 | $41.8M | $6.6M | -14.6% | 12.2% | 102 | 2.31 | 47% | 2,136 | 34 |
| 2023 | 49 | $35.3M | $-7.7M | -27.2% | -20.8% | 5 | 2.14 | 36% | 1,693 | 75 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Baptist Health | operational/managerial control | 100 | 2023-12 | |
| Brent Beaulieu | corporate officer | 2018-01 | ||
| Brent Beaulieu | w-2 managing employee | 2018-01 | ||
| Chris Brune | corporate director | 2026-01 | ||
| David Mitchell | corporate director | 2026-01 | ||
| Glenn Millner | corporate director | 2013-01 | ||
| Herren Hickingbotham | corporate director | 2013-01 | ||
| James Jones | corporate director | 2013-01 | ||
| John Mcmorran | corporate director | 2013-01 | ||
| Judy Henry | corporate director | 2026-01 | ||
| Lamarr Bailey | corporate director | 2020-01 | ||
| Larry White | corporate director | 2026-01 | ||
| Les Warren | corporate director | 2026-01 | ||
| Lindsey Lorence | corporate director | 2026-01 | ||
| Louis Lee | corporate director | 2013-01 | ||
| Michael Akin | corporate director | 2026-01 | ||
| Ronald Dedman | corporate director | 2022-01 | ||
| Steven Booth | corporate director | 2019-01 | ||
| Suzanne Peyton | corporate director | 2021-01 | ||
| Teresa Howell | corporate director | 2016-01 | ||
| Troy Wells | corporate officer | 2014-09 | ||
| Troy Wells | w-2 managing employee | 2014-09 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2023-12-03 | change of ownership | Baptist Health | Drew Memorial Hospital, Inc |
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 |