Arkansas Extended Care Hosp-Hot Spri
dba Arkansas Extended Care Hospital - Hot Springs ·
Hot Springs, Garland County, AR
· CCN 042004
Licensed to Lhcg Cxix, Llc
Composite
37.6
rank score
Distress
23
FY2024
Fit
68
vs thesis
Estimated ticket
$8.1M–$32.4M
27 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- under 30 days cash on hand
- margin slipping
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- small but workable bed count
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $13.3M |
| Operating margin | 10.4% |
| Total margin | 6.5% |
| Days cash on hand | 9 |
| Current ratio | 1.65 |
| Occupancy | 77% |
Facility
| Beds | 27 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $300K |
| Per-bed (high) | $1.2M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 27 | $10.3M | $685K | 8.4% | 6.8% | — | 1.17 | 64% | 325 | 4 |
| 2022 | 27 | $11.1M | $-125K | -1.1% | -1.1% | — | 0.91 | 72% | 360 | 41 |
| 2023 | 27 | $11.1M | $795K | 7.2% | 7.2% | — | 1.80 | 68% | 333 | 0 |
| 2024 | 27 | $13.3M | $826K | 10.4% | 6.5% | 9 | 1.65 | 77% | 253 | 23 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Phg - Hot Springs Llc | 5% or greater direct ownership interest | 100 | 2024-02 | |
| Klw Assets Llc | 5% or greater indirect ownership interest | 33 | 2024-02 | |
| B & C Fox Enterprises Llc | 5% or greater indirect ownership interest | 33 | 2024-02 | |
| Robert Fox | 5% or greater indirect ownership interest | 33 | 2024-02 | |
| Rice Equity Group Llc | 5% or greater indirect ownership interest | 23 | 2024-02 | |
| Christopher Wright | 5% or greater indirect ownership interest | 17 | 2024-02 | |
| Lauren Wright | 5% or greater indirect ownership interest | 17 | 2024-02 | |
| Alexander Rice | 5% or greater indirect ownership interest | 10 | 2024-02 | |
| Christopher Rice | 5% or greater indirect ownership interest | 10 | 2024-02 | |
| Rice Business Enterprises Llc | 5% or greater indirect ownership interest | 10 | 2024-02 | |
| Mark Rice | 5% or greater indirect ownership interest | 7 | 2024-02 | |
| Julie Pittman | 5% or greater indirect ownership interest | 5 | 2024-02 | |
| Christopher Wright | corporate director | 2024-02 | ||
| Hannah Williams | w-2 managing employee | 2021-10 | ||
| Kathy Devore | w-2 managing employee | 2019-04 | ||
| Kathy Devore | operational/managerial control | 2019-04 | ||
| Mark Rice | corporate director | 2024-02 | ||
| Priority Hospital Group Llc | operational/managerial control | 2024-02 | ||
| Robert Fox | corporate director | 2024-02 | ||
| Suzanne Gras | corporate officer | 2024-02 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2017-09-01 | change of ownership | Lhcg Cxix, Llc | Christus Continuing Care |
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 |
|---|---|---|---|---|
| 2017-09-01 | Lhcg Cxviii Llc | Christus Continuing Care | Arkansas Extended Care Hospital-Ft S | 25 |
| 2017-09-01 | Lhcg Cxix, Llc | Christus Continuing Care | Arkansas Extended Care Hosp-Hot Spri | 27 |