Bhmc-Conway
dba Baptist Health Medical Center-Conway ·
Conway, Faulkner County, AR
· CCN 040154
Licensed to Conway Community Services
Composite
62.2
rank score
Distress
76
FY2023
Fit
70
vs thesis
Estimated ticket
$37.1M–$148M
106 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin under 2%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy 30-45%
- margin deteriorating
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $98.4M |
| Operating margin | -9.8% |
| Total margin | 1.8% |
| Days cash on hand | 0 |
| Current ratio | 0.36 |
| Occupancy | 42% |
Facility
| Beds | 106 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 104 | $75.9M | $5.4M | -20.2% | 6.3% | 0 | 0.23 | 36% | 3,331 | 80 |
| 2021 | 101 | $91.6M | $-4.5M | -13.2% | -4.8% | 6 | 0.28 | 45% | 3,505 | 89 |
| 2022 | 108 | $94.7M | $-4.2M | -15.6% | -4.2% | 4 | 0.26 | 46% | 3,662 | 89 |
| 2023 | 106 | $98.4M | $1.9M | -9.8% | 1.8% | 0 | 0.36 | 42% | 3,510 | 76 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Baptist Health | operational/managerial control | 100 | 2012-12 | |
| Brent Beaulieu | corporate officer | 2019-01 | ||
| Brent Beaulieu | w-2 managing employee | 2019-01 | ||
| Steven Weeks | corporate officer | 2012-12 | ||
| Steven Weeks | w-2 managing employee | 2012-12 | ||
| Troy Wells | corporate officer | 2012-12 | ||
| Troy Wells | w-2 managing employee | 2012-12 |
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 |