Advanced Care Hospital Of White Co.
Searcy, White County, AR
· CCN 042011
Licensed to Advanced Care Hospital Of White County
Composite
59.3
rank score
Distress
89
FY2023
Fit
48
vs thesis
Estimated ticket
$840K–$1.7M
20 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- 30-60 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy 45-60%
- margin deteriorating sharply
- rural — cheaper but limited density
- LTCH — distress here is a payment-model artifact
- very small facility
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $5.6M |
| Operating margin | -25.8% |
| Total margin | -25.5% |
| Days cash on hand | 58 |
| Current ratio | 0.69 |
| Occupancy | 56% |
Facility
| Beds | 20 |
| Facility type | LTCH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $42.0K |
| Per-bed (high) | $84.0K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 27 | $5.3M | $-224K | -16.7% | -3.8% | 148 | 1.24 | 39% | 197 | 58 |
| 2021 | 27 | $7.9M | $868K | -8.9% | 9.1% | 72 | 1.47 | 46% | 209 | 38 |
| 2022 | 27 | $6.4M | $-928K | -21.6% | -13.5% | 51 | 1.07 | 40% | 148 | 74 |
| 2023 | 20 | $5.6M | $-1.4M | -25.8% | -25.5% | 58 | 0.69 | 56% | 182 | 89 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Advanced Care Hospital Of White County | 5% or greater direct ownership interest | 2007-07 | ||
| Advanced Care Hospital Of White County | operational/managerial control | 2007-07 | ||
| Janet Hines | corporate director | 2018-04 | ||
| Kerri Yarbrough | w-2 managing employee | 2022-09 | ||
| Loren Miller | w-2 managing employee | 2022-10 | ||
| Matthew Mandrell | corporate director | 2022-08 | ||
| Patrick Stegall | corporate director | 2016-07 | ||
| Phillip Miller | corporate director | 1976-08 | ||
| Roddy Lochala | corporate director | 2021-04 | ||
| White County Medical Center | 5% or greater direct ownership interest | 2007-07 |
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 |