Bridgeway Hospital
dba The Bridgeway ·
Little Rock, Pulaski County, AR
· CCN 044005
Licensed to The Bridgeway Llc
Composite
61.7
rank score
Distress
68
FY2023
Fit
73
vs thesis
Estimated ticket
$28.3M–$113M
121 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin negative
- total margin negative
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 30-45%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size somewhat below the envelope
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $18.1M |
| Operating margin | -2.5% |
| Total margin | -1.7% |
| Days cash on hand | 0 |
| Current ratio | -0.12 |
| Occupancy | 43% |
Facility
| Beds | 121 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $234K |
| Per-bed (high) | $935K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 116 | $21.1M | $1.1M | 3.3% | 5.0% | 0 | -0.13 | 53% | 3,387 | 38 |
| 2021 | 116 | $19.8M | $-1.1M | -5.5% | -5.4% | 0 | -0.16 | 49% | 2,996 | 72 |
| 2022 | 127 | $19.8M | $715K | 3.2% | 3.6% | 0 | -0.18 | 46% | 2,821 | 38 |
| 2023 | 121 | $18.1M | $-313K | -2.5% | -1.7% | 0 | -0.12 | 43% | 2,512 | 68 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Cheryl Ramagano | corporate officer | 100 | 1983-01 | |
| George Brunner | corporate officer | 100 | 1983-01 | |
| Matthew Klein | corporate officer | 100 | 2010-10 | |
| Matthew Peterson | corporate officer | 100 | 2019-09 | |
| Matthew Peterson | operational/managerial control | 100 | 2019-09 | |
| Steve Filton | corporate officer | 100 | 2018-12 | |
| Steve Filton | operational/managerial control | 100 | 2018-12 | |
| Thomas Day | corporate officer | 100 | 2021-07 | |
| Uhs Of Delaware Inc | 5% or greater direct ownership interest | 100 | 2014-01 | chain |
| Uhs Of Delaware Inc | operational/managerial control | 100 | 2014-01 | chain |
| Universal Health Services Inc | 5% or greater indirect ownership interest | 100 | 1983-01 | |
| Alan Miller | 5% or greater indirect ownership interest | 87 | 2024-03 | |
| James Coleman | contracted managing employee | 50 | 1983-01 | |
| Matthew Peterson | corporate director | 33 | 2019-09 | |
| Steve Filton | corporate director | 33 | 2018-12 | |
| Thomas Day | corporate director | 33 | 2021-07 | |
| Katharine Lyver | corporate officer | 2024-01 | ||
| Kolleen Simons | contracted managing employee | 2025-12 | ||
| Kolleen Simons | corporate officer | 2025-12 | ||
| Wendy Uhiren | contracted managing employee | 2023-08 | ||
| Wendy Uhiren | corporate officer | 2023-08 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.