Chicot Memorial Medical Center
Lake Village, Chicot County, AR
· CCN 041328
Licensed to Chicot Memorial Medical Center
Composite
35.8
rank score
Distress
43
FY2024
Fit
41
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- occupancy below 30%
- margin deteriorating sharply
- 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 · FY2024
| Net patient revenue | $18.5M |
| Operating margin | -12.3% |
| Total margin | 2.4% |
| Days cash on hand | 158 |
| Current ratio | 5.89 |
| Occupancy | 24% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $14.5M | $4.2M | -22.3% | 19.2% | 276 | 1.84 | 30% | 407 | 37 |
| 2022 | 25 | $17.4M | $3.1M | -7.7% | 14.0% | 217 | 2.74 | 24% | 379 | 31 |
| 2023 | 25 | $15.4M | $404K | -23.7% | 2.1% | 136 | 7.70 | 20% | 232 | 41 |
| 2024 | 25 | $18.5M | $510K | -12.3% | 2.4% | 158 | 5.89 | 24% | 209 | 43 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bill Elliott | corporate director | 2017-09 | ||
| Carrie Pieroni | corporate director | 2023-09 | ||
| Guy Sabbatini | corporate director | 2022-12 | ||
| John Burge | corporate director | 2010-05 | ||
| Linda Thomas | corporate director | 2010-05 | ||
| Sam Angel | corporate officer | 2014-02 | ||
| Sam Angel | corporate director | 2010-05 | ||
| Shirley Catalani | corporate director | 2020-04 | ||
| Vicki Allen | corporate officer | 2023-03 | ||
| Vicki Allen | w-2 managing employee | 2023-03 |
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 |