Ssh - Fort Smith
Fort Smith, Sebastian County, AR · CCN 042006
Composite
61.7
rank score
Distress
84
FY2024
Fit
60
vs thesis
Estimated ticket
$7.1M–$28.6M
34 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- current ratio below 0.8
- occupancy 30-45%
- margin deteriorating sharply
- 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
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $7.9M |
| Operating margin | -10.3% |
| Total margin | -12.3% |
| Days cash on hand | — |
| Current ratio | 0.80 |
| Occupancy | 34% |
Facility
| Beds | 34 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $210K |
| Per-bed (high) | $840K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 34 | $14.2M | $2.3M | 28.9% | 15.9% | — | 0.94 | 51% | 250 | 14 |
| 2022 | 34 | $12.0M | $983K | 19.2% | 8.0% | — | 1.13 | 43% | 194 | 11 |
| 2023 | 34 | $11.5M | $811K | 13.8% | 7.0% | — | 1.55 | 42% | 231 | 7 |
| 2024 | 34 | $7.9M | $-979K | -10.3% | -12.3% | — | 0.80 | 34% | 171 | 84 |
Owners
No ownership records — CMS has no owner filings mapped to this CCN.
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 |
|---|---|---|---|---|
| 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 |