Bmh-Crittenden
West Memphis, AR
· CCN 040156
Licensed to Baptist Memorial Hospital - Crittenden Inc
Composite
34.2
rank score
Distress
36
FY2023
Fit
45
vs thesis
Estimated ticket
$5.5M–$22.0M
11 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- current liabilities exceed current assets
- occupancy below 30%
- urban — higher occupancy and iteration surface
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $23.3M |
| Operating margin | 4.9% |
| Total margin | 5.3% |
| Days cash on hand | 7 |
| Current ratio | 0.88 |
| Occupancy | 29% |
Facility
| Beds | 11 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 11 | $14.7M | $-748K | -17.9% | -4.5% | 5 | 0.33 | 28% | 493 | 96 |
| 2021 | 11 | $22.3M | $8.6M | 10.3% | 30.1% | 46 | 0.81 | 38% | 503 | 31 |
| 2022 | 11 | $18.9M | $-2.1M | -13.5% | -11.0% | 3 | 0.65 | 30% | 390 | 90 |
| 2023 | 11 | $23.3M | $1.2M | 4.9% | 5.3% | 7 | 0.88 | 29% | 344 | 36 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Baptist Memorial Health Care Corporation | 5% or greater direct ownership interest | 100 | 2023-07 | |
| Baptist Memorial Health Care Corporation | 5% or greater indirect ownership interest | 100 | 2018-12 | |
| Arie Szatkowski | corporate director | 2020-12 | ||
| Arthur Maples | corporate officer | 2018-12 | ||
| Arthur Maples | corporate director | 2018-12 | ||
| Cary Finn | corporate director | 2018-12 | ||
| Dale Morris | corporate director | 2018-12 | ||
| Gregory Duckett | corporate officer | 2018-12 | ||
| Jason Little | corporate officer | 2018-12 | ||
| Kris Azlin | corporate director | 2024-01 | ||
| Paul Cade | corporate officer | 2024-01 | ||
| Riad Homsi | corporate director | 2020-12 | ||
| Samuel Pieh | w-2 managing employee | 2023-04 |
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 |