Eureka Springs Hospital
Eureka Springs, Carroll County, AR · CCN 041304
Composite
28.6
rank score
Distress
36
FY2023
Fit
31
vs thesis
Estimated ticket
$1.9M–$3.7M
22 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- current ratio under 1.5
- occupancy below 30%
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $5.0M |
| Operating margin | -58.8% |
| Total margin | 15.6% |
| Days cash on hand | 180 |
| Current ratio | 1.39 |
| Occupancy | 4% |
Facility
| Beds | 22 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 22 | $5.9M | $-696K | -10.4% | -11.8% | 106 | 13.64 | 9% | 138 | 58 |
| 2021 | 22 | $4.9M | $-2.4M | -67.7% | -41.8% | 70 | 4.44 | 8% | 130 | 63 |
| 2022 | 22 | $8.1M | $-213K | -10.9% | -2.4% | 132 | 6.49 | 7% | 106 | 49 |
| 2023 | 22 | $5.0M | $1.5M | -58.8% | 15.6% | 180 | 1.39 | 4% | 48 | 36 |
Owners
No ownership records — CMS has no owner filings mapped to this CCN.
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 |
|---|---|---|---|---|
| 2024-12-31 | Baxter Health Fulton County Hospital | Fulton County Hospital | Fulton County Hospital | 25 |
| 2022-01-01 | Dardanelle Regional Llc | Dardanelle Hospital Yell County | Dardanelle Hospital | 25 |
| 2019-01-01 | Lawrence Memorial Health Foundation Inc | Lawrence Memorial Hospital | Lawrence Memorial Hospital | 24 |