Calhoun-Liberty Hospital Assn
dba Calhoun-Liberty Hospital ·
Blountstown, Calhoun County, FL
· CCN 101304
Licensed to Calhoun Liberty Hospital Association, Inc.
Composite
34.7
rank score
Distress
34
FY2023
Fit
48
vs thesis
Estimated ticket
$850K–$1.7M
10 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- 90-150 days cash on hand
- occupancy 30-45%
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $11.2M |
| Operating margin | -25.3% |
| Total margin | 6.4% |
| Days cash on hand | 127 |
| Current ratio | 1.85 |
| Occupancy | 38% |
Facility
| Beds | 10 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 10 | $7.3M | $-960K | -43.9% | -10.0% | 398 | 1.40 | 54% | 254 | 61 |
| 2021 | 10 | $9.3M | $3.6M | -34.3% | 22.3% | 306 | 3.25 | 34% | 209 | 38 |
| 2022 | 10 | $11.4M | $19.2K | -19.3% | 0.1% | 186 | 3.40 | 38% | 230 | 37 |
| 2023 | 10 | $11.2M | $957K | -25.3% | 6.4% | 127 | 1.85 | 38% | 172 | 34 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Emily Brown | corporate officer | 2024-04 | ||
| Emily Brown | w-2 managing employee | 2024-04 | ||
| Shondel Frear | w-2 managing employee | 2024-03 | ||
| Shondel Frear | operational/managerial control | 2024-03 | ||
| Vann Windham | contracted managing employee | 2024-10 | ||
| Vann Windham | corporate officer | 2024-10 | ||
| Vann Windham | w-2 managing employee | 2024-10 | ||
| Vann Windham | operational/managerial control | 2024-10 |
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 FL
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 |
|---|---|---|---|---|
| 2017-07-01 | Fishermen's Health Inc | Fishermen's Hospital, Inc. | Fishermens Hospital | 8 |