Encore Medical Center
dba Arkansas Heart Hospital Encore ·
Bryant, Boone County, AR
· CCN 040161
Licensed to Arkansas Heart Hospital Llc
Composite
32.7
rank score
Distress
21
FY2023
Fit
58
vs thesis
Estimated ticket
$3.3M–$6.6M
33 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- current ratio below 0.8
- debt above 85% of assets
- occupancy 45-60%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $66.3M |
| Operating margin | 5.3% |
| Total margin | 5.8% |
| Days cash on hand | 821 |
| Current ratio | 0.79 |
| Occupancy | 55% |
Facility
| Beds | 33 |
| Facility type | STH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 34 | $26.9M | $-7.2M | -27.5% | -26.8% | 203 | 0.46 | 89% | 1,383 | 69 |
| 2022 | 25 | $55.7M | $-2.3M | -4.7% | -4.2% | 480 | 0.61 | 69% | 1,823 | 52 |
| 2023 | 33 | $66.3M | $3.9M | 5.3% | 5.8% | 821 | 0.79 | 55% | 2,633 | 21 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ar-Med Llc | limited partnership interest | 96 | 2011-07 | |
| Murphy Heart Med Inc. | limited partnership interest | 4 | 2014-04 | |
| Bruce Murphy | 5% or greater indirect ownership interest | 2011-08 | ||
| Bruce Murphy | corporate officer | 2011-08 | ||
| Bruce Murphy | w-2 managing employee | 2011-08 | ||
| Kim Morgan | w-2 managing employee | 2022-02 |
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 |