Saline Memorial Hospital
Benton, Saline County, AR
· CCN 040084
Licensed to Saline Hospital Llc
Composite
63.2
rank score
Distress
79
FY2024
Fit
69
vs thesis
Estimated ticket
$45.9M–$183M
131 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- liabilities exceed assets
- occupancy below 30%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $92.9M |
| Operating margin | -9.0% |
| Total margin | -5.4% |
| Days cash on hand | 0 |
| Current ratio | 1.59 |
| Occupancy | 29% |
Facility
| Beds | 131 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 130 | $103M | $1.5M | -8.7% | 1.3% | 0 | 0.71 | 34% | 3,842 | 74 |
| 2022 | 130 | $90.2M | $-1.6M | -13.2% | -1.6% | 0 | 0.84 | 34% | 3,724 | 80 |
| 2023 | 130 | $91.4M | $-4.3M | -8.0% | -4.6% | 0 | 1.02 | 25% | 4,186 | 80 |
| 2024 | 131 | $92.9M | $-5.2M | -9.0% | -5.4% | 0 | 1.59 | 29% | 4,132 | 79 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Saline County Medical Center Joint Venture Llc | 5% or greater direct ownership interest | 100 | 2016-07 | |
| Capella Health Holdings Llc | 5% or greater indirect ownership interest | 51 | 2016-07 | |
| Capella Healthcare Llc | 5% or greater indirect ownership interest | 51 | 2016-07 | |
| Capella Holdings Llc | 5% or greater indirect ownership interest | 51 | 2016-07 | |
| Dsb Acquisition Llc | 5% or greater indirect ownership interest | 51 | 2016-07 | |
| Lifepoint Health Inc | 5% or greater indirect ownership interest | 51 | 2018-11 | |
| Lima Holdco Llc | 5% or greater indirect ownership interest | 51 | 2021-12 | |
| Saline County Medical Center | 5% or greater indirect ownership interest | 49 | 2016-07 | |
| Saline County Medical System | 5% or greater indirect ownership interest | 49 | 2016-07 | |
| Capella Healthcare Llc | operational/managerial control | 2016-07 | ||
| Charlotte Lawrence | corporate officer | 2022-01 | ||
| Christopher Monte | corporate officer | 2018-11 | ||
| Jennifer Alderfer | corporate officer | 2023-10 | ||
| John Grooms | corporate officer | 2018-11 | ||
| Marcus Poppell | corporate officer | 2018-11 | ||
| Michael Stewart | contracted managing employee | 2018-11 | ||
| 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 |