Lawrence Memorial Hospital
Walnut Ridge, Lawrence County, AR
· CCN 041309
Licensed to Lawrence Memorial Health Foundation Inc
Composite
44.7
rank score
Distress
69
FY2024
Fit
34
vs thesis
Estimated ticket
$1.7M–$3.5M
24 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- 30-60 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $11.6M |
| Operating margin | -72.0% |
| Total margin | -5.4% |
| Days cash on hand | 44 |
| Current ratio | 4.01 |
| Occupancy | 21% |
Facility
| Beds | 24 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $72.2K |
| Per-bed (high) | $144K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $10.5M | $1.9M | -55.4% | 10.4% | 96 | 1.32 | 26% | 187 | 44 |
| 2022 | 25 | $10.5M | $72.0K | -66.6% | 0.4% | 102 | 3.93 | 25% | 158 | 44 |
| 2023 | 25 | $10.6M | $1.3M | -79.7% | 6.3% | 101 | 2.17 | 20% | 133 | 41 |
| 2024 | 24 | $11.6M | $-1.0M | -72.0% | -5.4% | 44 | 4.01 | 21% | 78 | 69 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Aaron Andrews | corporate director | 2021-09 | ||
| Ashley Burris | corporate director | 2024-10 | ||
| Bonita Staudt | corporate director | 2010-01 | ||
| Gregory Mcelhanon | corporate director | 2023-04 | ||
| Gregory Mcelhanon | w-2 managing employee | 2023-04 | ||
| James Perkins | corporate director | 2017-01 | ||
| Jeff Yates | corporate director | 2024-06 | ||
| Jeremy Hopper | corporate director | 2023-12 | ||
| John Thomison | corporate director | 2023-01 | ||
| Kerry Dalton | corporate director | 2018-12 | ||
| Lila Floyd | corporate director | 2004-07 | ||
| Rhonda Forrester | corporate director | 2018-12 | ||
| Sebastian Spades | corporate director | 1994-07 | ||
| William Wilcoxson | corporate director | 2015-06 | ||
| Wilma Jones | corporate director | 2017-05 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2019-01-01 | change of ownership | Lawrence Memorial Health Foundation Inc | Lawrence Memorial Hospital |
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 |