Howard Memorial Hospital
Nashville, Howard County, AR
· CCN 041311
Licensed to Howard Memorial Hospital
Composite
38.1
rank score
Distress
51
FY2023
Fit
38
vs thesis
Estimated ticket
$1.4M–$2.9M
20 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- total margin negative
- 90-150 days cash on hand
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $28.0M |
| Operating margin | -11.4% |
| Total margin | -2.1% |
| Days cash on hand | 114 |
| Current ratio | 4.83 |
| Occupancy | 32% |
Facility
| Beds | 20 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $21.5M | $1.1M | -18.6% | 4.1% | 223 | 1.90 | 23% | 534 | 37 |
| 2021 | 20 | $25.9M | $4.8M | -9.3% | 14.4% | 209 | 3.26 | 33% | 593 | 28 |
| 2022 | 20 | $26.5M | $417K | -15.8% | 1.3% | 128 | 4.18 | 32% | 586 | 41 |
| 2023 | 20 | $28.0M | $-635K | -11.4% | -2.1% | 114 | 4.83 | 32% | 473 | 51 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| William Craig | w-2 managing employee | 100 | 2010-06 | |
| Carla Pumphrey | corporate director | 2023-03 | ||
| Gabriel Green | corporate director | 2011-05 | ||
| Johnny Mcjunkins | corporate director | 2012-07 | ||
| Julie Rhodes | corporate director | 2015-07 | ||
| Mark Kitchens | corporate director | 2009-07 | ||
| Tem Gunter | corporate director | 2020-07 | ||
| V Lance | corporate director | 2015-12 | ||
| Wes Howard | corporate director | 2016-07 | ||
| William Craig | corporate officer | 2010-06 |
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 |