Baptist Health Medical Center - Fs
dba Baptist Health - Fort Smith ·
Fort Smith, Sebastian County, AR
· CCN 040055
Licensed to Baptist Health Regional Hospitals
Composite
54.7
rank score
Distress
70
FY2023
Fit
58
vs thesis
Estimated ticket
$22.0M–$44.0M
314 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy 45-60%
- margin deteriorating
- rural — cheaper but limited density
- large — ticket likely stretches the envelope
- small ticket — deploys little of the available capital
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $304M |
| Operating margin | -7.8% |
| Total margin | 2.5% |
| Days cash on hand | 1 |
| Current ratio | -1.53 |
| Occupancy | 49% |
Facility
| Beds | 314 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 293 | $235M | $18.5M | -2.1% | 7.2% | 47 | 4.16 | 53% | 11,327 | 42 |
| 2021 | 298 | $262M | $-13.9M | -15.3% | -4.8% | 9 | 2.81 | 59% | 11,894 | 76 |
| 2022 | 320 | $279M | $-23.5M | -13.1% | -8.0% | 0 | 1.53 | 52% | 11,887 | 80 |
| 2023 | 314 | $304M | $8.5M | -7.8% | 2.5% | 1 | -1.53 | 49% | 11,739 | 70 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Baptist Health | operational/managerial control | 100 | 2018-11 | |
| Brent Beaulieu | w-2 managing employee | 2019-01 | ||
| Brent Beaulieu | operational/managerial control | 2019-01 | ||
| Chris Brune | corporate director | 2026-01 | ||
| David Mitchell | corporate director | 2026-01 | ||
| Glenn Millner | corporate director | 2026-01 | ||
| Herren Hickingbotham | corporate director | 2026-01 | ||
| James Jones | corporate director | 2026-01 | ||
| John Mcmorran | corporate director | 2026-01 | ||
| Judy Henry | corporate director | 2026-01 | ||
| Lamarr Bailey | corporate director | 2026-01 | ||
| Larry White | corporate director | 2026-01 | ||
| Les Warren | corporate director | 2026-01 | ||
| Lindsey Lorence | corporate director | 2026-01 | ||
| Louis Lee | corporate director | 2026-01 | ||
| Michael Akin | corporate director | 2026-01 | ||
| Ronald Dedman | corporate director | 2026-01 | ||
| Steven Booth | corporate director | 2026-01 | ||
| Steven Weeks | corporate officer | 2018-11 | ||
| Steven Weeks | w-2 managing employee | 2018-11 | ||
| Suzanne Peyton | corporate director | 2026-01 | ||
| Teresa Howell | corporate director | 2026-01 | ||
| Troy Wells | corporate officer | 2018-11 | ||
| Troy Wells | w-2 managing employee | 2018-11 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2018-11-01 | change of ownership | Baptist Health Regional Hospitals | Fort Smith Hma, Llc |
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 |