Arkansas Extended Care Hospital-Ft S
dba Arkansas Extended Care Hospital - Ft Smith ·
Fort Smith, Sebastian County, AR
· CCN 042008
Licensed to Lhcg Cxviii Llc
Composite
43.9
rank score
Distress
37
FY2024
Fit
68
vs thesis
Estimated ticket
$7.5M–$30.0M
25 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- 30-60 days cash on hand
- current ratio below 0.8
- 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
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $8.2M |
| Operating margin | 3.0% |
| Total margin | 2.8% |
| Days cash on hand | 38 |
| Current ratio | -1.77 |
| Occupancy | 61% |
Facility
| Beds | 25 |
| 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 | 25 | $9.4M | $1.8M | 19.2% | 18.8% | — | 1.41 | 63% | 420 | 14 |
| 2022 | 25 | $8.7M | $1.2M | 13.9% | 13.9% | — | 0.67 | 64% | 412 | 31 |
| 2023 | 25 | $9.2M | $865K | 9.4% | 9.4% | — | 1.07 | 67% | 352 | 10 |
| 2024 | 25 | $8.2M | $226K | 3.0% | 2.8% | 38 | -1.77 | 61% | 269 | 37 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Phg-Ft. Smith 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 | |
| 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 | ||
| Mark Rice | corporate director | 2024-02 | ||
| Paul Ryals | w-2 managing employee | 2019-03 | ||
| Priority Hospital Group Llc | operational/managerial control | 2024-02 | ||
| Robert Fox | corporate director | 2024-02 | ||
| Suzanne Gras | corporate officer | 2024-02 | ||
| Trisha Rackley | w-2 managing employee | 2021-11 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2017-09-01 | change of ownership | Lhcg Cxviii 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 |