Continued Care Hospital Jonesboro
Jonesboro, Craighead County, AR · CCN 042013
Composite
67.7
rank score
Distress
97
FY2024
Fit
60
vs thesis
Estimated ticket
$12.4M–$49.6M
59 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy 30-45%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- bed count in the target band
- small ticket — deploys little of the available capital
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $14.9M |
| Operating margin | -16.7% |
| Total margin | -12.0% |
| Days cash on hand | 0 |
| Current ratio | 0.31 |
| Occupancy | 36% |
Facility
| Beds | 59 |
| 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 | 44 | $12.5M | $-852K | -15.1% | -6.3% | 22 | 1.44 | 48% | 325 | 79 |
| 2022 | 95 | $16.6M | $806K | -4.2% | 4.5% | 7 | 2.63 | 28% | 389 | 58 |
| 2023 | 99 | $17.3M | $-1.8M | -15.9% | -10.0% | 7 | 0.24 | 33% | 413 | 97 |
| 2024 | 59 | $14.9M | $-1.9M | -16.7% | -12.0% | 0 | 0.31 | 36% | 307 | 97 |
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 |