South Arkansas Regional Hospital Llc
El Dorado, Union County, AR
· CCN 040088
Licensed to South Arkansas Regional Hospital Llc
Already transacted. CMS recorded an ownership change effective
2023-07-01. Confirm the current owner before spending a call on this.
Composite
19.1
rank score
Distress
74
FY2024
Fit
53
vs thesis
Estimated ticket
$7.3M–$14.7M
105 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio under 1.5
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- thin occupancy
- for-profit — no charitable conversion review
- changed ownership 2023-07-01 — likely already transacted
Latest financials · FY2024
| Net patient revenue | $61.7M |
| Operating margin | -25.3% |
| Total margin | -3.6% |
| Days cash on hand | 2 |
| Current ratio | 1.05 |
| Occupancy | 34% |
Facility
| Beds | 105 |
| Facility type | STH |
| Setting | rural |
| Ownership class | for-profit |
| 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 | 112 | $76.2M | $6.7M | 10.7% | 8.9% | 0 | -0.28 | 41% | 3,482 | 41 |
| 2022 | 102 | $66.5M | $3.6M | -1.9% | 5.0% | 0 | -0.22 | 35% | 2,962 | 57 |
| 2023 | 105 | $62.1M | $-1.6M | -11.6% | -2.4% | 0 | 0.01 | 37% | 2,974 | 77 |
| 2024 | 105 | $61.7M | $-2.7M | -25.3% | -3.6% | 2 | 1.05 | 34% | 3,021 | 74 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Sarh Holdings, Inc | 5% or greater direct ownership interest | 100 | 2023-04 | |
| Amber Rollins | w-2 managing employee | 2023-07 | ||
| Andrew Clyde | corporate director | 2023-04 | ||
| Brian Jones | corporate officer | 2023-04 | ||
| Britney Snell | corporate officer | 2023-04 | ||
| Chris Hegi | corporate director | 2023-04 | ||
| Danna Taylor | contracted managing employee | 2023-07 | ||
| Donald Smith | corporate director | 2023-04 | ||
| James Cameron | corporate director | 2023-04 | ||
| Marcia Ford | corporate director | 2023-04 | ||
| Marita Caldwell | contracted managing employee | 2023-07 | ||
| Stephanie Gardner | corporate director | 2023-04 | ||
| Stephen Smart | corporate director | 2023-04 | ||
| Steven Cosse | corporate director | 2023-04 | ||
| Steven Cousins | corporate officer | 2023-04 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2023-07-01 | change of ownership | South Arkansas Regional Hospital Llc | Mcsa 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 |