Little River Memorial
dba Little River Memorial Hospital ·
Ashdown, Little River County, AR
· CCN 041320
Licensed to Little River Medical Center Inc
Composite
52.7
rank score
Distress
78
FY2024
Fit
44
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $9.3M |
| Operating margin | -27.7% |
| Total margin | -11.2% |
| Days cash on hand | 2 |
| Current ratio | 3.23 |
| Occupancy | 9% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | urban |
| Ownership class | government |
| 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 | $10.9M | $2.2M | -7.6% | 15.7% | 177 | 4.23 | 17% | 289 | 31 |
| 2022 | 25 | $10.2M | $298K | -15.7% | 2.5% | 50 | 6.16 | 11% | 304 | 53 |
| 2023 | 25 | $10.0M | $-1.2M | -25.8% | -10.5% | 2 | 3.60 | 7% | 222 | 76 |
| 2024 | 25 | $9.3M | $-1.2M | -27.7% | -11.2% | 2 | 3.23 | 9% | 228 | 78 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Karen Steed | corporate officer | 100 | 2026-02 | |
| Karen Steed | w-2 managing employee | 100 | 2026-02 | |
| Karen Steed | operational/managerial control | 100 | 2026-02 | |
| Megan Norman | w-2 managing employee | 100 | 2026-02 |
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 |