Dallas County Medical Center
Fordyce, Dallas County, AR
· CCN 041317
Licensed to Board Of Governors Of Dallas County Medical Center
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%
- occupancy below 30%
- margin slipping
- 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 | $9.9M |
| Operating margin | -20.7% |
| Total margin | 11.6% |
| Days cash on hand | 150 |
| Current ratio | 8.74 |
| Occupancy | 10% |
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 | $10.0M | $1.9M | -18.5% | 13.5% | 179 | 1.54 | 11% | 157 | 37 |
| 2021 | 22 | $10.7M | $1.7M | -19.6% | 11.9% | 124 | 3.20 | 8% | 134 | 41 |
| 2022 | 22 | $11.4M | $1.1M | -13.9% | 7.8% | 113 | 9.51 | 9% | 113 | 41 |
| 2023 | 22 | $9.9M | $1.6M | -20.7% | 11.6% | 150 | 8.74 | 10% | 157 | 36 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| B D Hargett | corporate director | 2004-03 | ||
| Dallas County | 5% or greater direct ownership interest | 2002-09 | ||
| Don Harris | corporate director | 2006-07 | ||
| Duane Brewer | corporate director | 2014-05 | ||
| John Daniel | corporate director | 2002-09 | ||
| Kenneth Sanders | corporate officer | 2017-01 | ||
| Kenneth Sanders | corporate director | 2017-01 | ||
| Kenneth Sanders | w-2 managing employee | 2017-01 | ||
| Kevin Kauffman | corporate director | 2013-03 | ||
| Thomas Denton | corporate officer | 2026-05 | ||
| Thomas Denton | corporate director | 2026-05 | ||
| Thomas Denton | w-2 managing employee | 2026-05 |
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 |