Izard Regional Hospital
Calico Rock, Izard County, AR
· CCN 041306
Licensed to Izard Regional Hospital Llc
Composite
61.4
rank score
Distress
100
FY2023
Fit
41
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- 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 | $5.5M |
| Operating margin | -90.2% |
| Total margin | -84.0% |
| Days cash on hand | 5 |
| Current ratio | 0.44 |
| Occupancy | 9% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $59.5K |
| Per-bed (high) | $119K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $5.9M | $-1.1M | -20.1% | -18.6% | 194 | 0.95 | 13% | 151 | 73 |
| 2022 | 25 | $2.5M | $-3.0M | -177.6% | -74.9% | 99 | 0.55 | 14% | 142 | 82 |
| 2023 | 25 | $5.5M | $-4.8M | -90.2% | -84.0% | 5 | 0.44 | 9% | 106 | 100 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Izard Regional Hospital Llc | 5% or greater direct ownership interest | 100 | 2022-08 | |
| Kirnjot Singh | contracted managing employee | 100 | 2022-08 | |
| Kirnjot Singh | corporate officer | 100 | 2022-08 | |
| Jennie Lankhorst | w-2 managing employee | 2024-04 |
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 |
|---|---|---|---|---|
| 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 |