National Park Medical Center
Hot Springs, Garland County, AR
· CCN 040078
Licensed to Hot Springs National Park Hospital Holdings Llc
Composite
62.2
rank score
Distress
69
FY2024
Fit
78
vs thesis
Estimated ticket
$53.5M–$214M
126 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin negative
- total margin negative
- under 30 days cash on hand
- current ratio below 0.8
- debt above 70% of assets
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $146M |
| Operating margin | -1.6% |
| Total margin | -0.9% |
| Days cash on hand | 0 |
| Current ratio | 0.45 |
| Occupancy | 46% |
Facility
| Beds | 126 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 126 | $108M | $5.2M | 0.8% | 4.6% | 0 | 1.63 | 63% | 5,480 | 29 |
| 2022 | 126 | $103M | $-356K | -0.8% | -0.3% | 0 | 0.27 | 49% | 4,567 | 61 |
| 2023 | 126 | $119M | $3.8M | 2.6% | 3.2% | 0 | 0.36 | 47% | 4,840 | 38 |
| 2024 | 126 | $146M | $-1.3M | -1.6% | -0.9% | 0 | 0.45 | 46% | 5,195 | 69 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Capella Health Holdings Llc | 5% or greater indirect ownership interest | 98 | 2015-08 | |
| Capella Healthcare Llc | 5% or greater indirect ownership interest | 98 | 2016-12 | |
| Capella Holdings Llc | 5% or greater indirect ownership interest | 98 | 2016-12 | |
| Dsb Acquisition Llc | 5% or greater indirect ownership interest | 98 | 2016-05 | |
| Lifepoint Health Inc | 5% or greater indirect ownership interest | 98 | 2018-11 | |
| Lima Holdco Llc | 5% or greater indirect ownership interest | 98 | 2021-12 | |
| Npmc Holdings Llc | 5% or greater direct ownership interest | 98 | 2022-06 | |
| Charlotte Lawrence | corporate officer | 2022-01 | ||
| Christopher Monte | corporate officer | 2018-11 | ||
| Elliott Brown | corporate officer | 2026-04 | ||
| Marcus Poppell | corporate officer | 2018-11 | ||
| Samuel Barrett | corporate officer | 2026-02 | ||
| Scott Bailey | operational/managerial control | 2023-10 | ||
| William Ziesmer | corporate officer | 2024-02 |
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 |