dealflow
envelope $200M

← Targets

Stone County Medical Center

Mountain View, Stone County, AR · CCN 041310
Licensed to White River Health System, Inc.

Composite
33.1
rank score
Distress
37
FY2023
Fit
41
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds · within envelope
Ownership
nonprofit
CAH

Why it ranks here

  • under 30 days cash on hand
  • current ratio under 1.5
  • occupancy below 30%
  • margin deteriorating
  • 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$19.5M
Operating margin 5.2%
Total margin 6.7%
Days cash on hand 4
Current ratio 1.35
Occupancy21%

Facility

Beds25
Facility typeCAH
Settingrural
Ownership classnonprofit
Per-bed (low) $85.0K
Per-bed (high) $170K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 25 $16.6M $1.8M 8.8% 10.6% 33 0.60 23% 476 39
2021 25 $19.3M $3.0M 11.9% 15.0% 16 0.89 26% 476 40
2022 25 $18.6M $412K 1.6% 2.2% 7 0.91 20% 476 47
2023 25 $19.5M $1.3M 5.2% 6.7% 4 1.35 21% 338 37

Owners

OwnerRole%SinceType
Crystal Johnson corporate officer 2024-01
Danny Bell corporate officer 2025-01
Elizabeth Christian corporate officer 2025-01
Jason Taylor corporate officer 2024-01
Jeff Showalter corporate officer 2025-01
Kathy Lanier corporate officer 2025-01
Kevin Rose corporate officer 2025-01
Lance Lamberth corporate officer 2025-01
Lisa Lambert corporate director 2024-01
Maggie Williams corporate director 2025-01
Randy Cross corporate officer 2025-01
Robert Mcintire corporate officer 2025-01
Shawna Baxter w-2 managing employee 2023-08
Stacy Gunderman corporate officer 2025-01
Steve Case corporate officer 2025-01
Tina Wheelis corporate officer 2025-01
White River Health System, Inc.
Mountain View, AR
operational/managerial control 2008-01
William Fowlkes corporate officer 2025-01

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.

DateBuyerSellerHospitalBeds
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