Cornerstone Specialty Little Rock
dba Cornerstone Specialty Hospitals Little Rock ·
Little Rock, Pulaski County, AR
· CCN 042010
Licensed to Chg Hospital Little Rock, Llc
Composite
57.6
rank score
Distress
68
FY2024
Fit
68
vs thesis
Estimated ticket
$10.2M–$40.8M
40 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- current ratio under 1.5
- liabilities exceed assets
- 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 | $13.9M |
| Operating margin | -7.2% |
| Total margin | -7.1% |
| Days cash on hand | — |
| Current ratio | 1.01 |
| Occupancy | 61% |
Facility
| Beds | 40 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $255K |
| Per-bed (high) | $1.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 40 | $16.7M | $3.1M | 18.8% | 18.8% | 0 | -0.85 | 63% | 332 | 36 |
| 2022 | 40 | $16.7M | $2.5M | 9.3% | 14.1% | 0 | -0.71 | 69% | 333 | 36 |
| 2023 | 40 | $15.2M | $659K | 4.2% | 4.3% | 1 | 1.28 | 58% | 335 | 39 |
| 2024 | 40 | $13.9M | $-981K | -7.2% | -7.1% | — | 1.01 | 61% | 304 | 68 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Chg Hospital Operations Company Llc | 5% or greater direct ownership interest | 100 | 2015-02 | |
| Cornerstone Healthcare Group Holding Inc | 5% or greater indirect ownership interest | 100 | 2015-02 | |
| Kentucky Hospital Holdings Jv Lp | 5% or greater indirect ownership interest | 100 | 2023-01 | |
| Kentucky Hospital Holdings Llc | 5% or greater indirect ownership interest | 100 | 2023-01 | |
| Kindred Healthcare Llc | 5% or greater indirect ownership interest | 100 | 2023-01 | |
| Kindred Healthcare Operating Llc | 5% or greater indirect ownership interest | 100 | 2023-01 | |
| Knight Health Holdings Llc | 5% or greater indirect ownership interest | 100 | 2023-01 | |
| Knight Health Llc | 5% or greater indirect ownership interest | 100 | 2023-01 | |
| Knight Intermediate Holdings Llc | 5% or greater indirect ownership interest | 100 | 2023-01 | |
| Dana Rock | corporate officer | 2024-12 | ||
| Darla Beranek | corporate officer | 2026-01 | ||
| Deanna Schiavone | corporate officer | 2023-01 | ||
| Johnetta Traylor | corporate officer | 2024-12 | ||
| Johnetta Traylor | w-2 managing employee | 2025-03 | ||
| Linn Billingsley | corporate officer | 2026-01 | ||
| Michael Bean | corporate officer | 2023-01 | ||
| Scott Graeser | corporate officer | 2023-01 |
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 |