St Elizabeth Ft Thomas
Ft. Thomas, Campbell County, KY
· CCN 180001
Licensed to St Elizabeth Medical Center, Inc
Composite
35.7
rank score
Distress
10
FY2023
Fit
78
vs thesis
Estimated ticket
$53.0M–$212M
106 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $153M |
| Operating margin | 2.1% |
| Total margin | 4.1% |
| Days cash on hand | 3,229 |
| Current ratio | 30.52 |
| Occupancy | 71% |
Facility
| Beds | 106 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 131 | $121M | $14.4M | -16.1% | 9.3% | 2,153 | 17.00 | 62% | 5,735 | 28 |
| 2021 | 131 | $143M | $-2.8M | -5.6% | -1.9% | 2,406 | 24.21 | 64% | 6,311 | 30 |
| 2022 | 128 | $124M | $-6.7M | -9.6% | -5.2% | 3,088 | 29.74 | 62% | 6,732 | 34 |
| 2023 | 106 | $153M | $6.5M | 2.1% | 4.1% | 3,229 | 30.52 | 71% | 6,448 | 10 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andrew Schaeffer | corporate director | 2019-01 | ||
| Debbie Simpson | corporate director | 2026-01 | ||
| Derek Haught | corporate director | 2025-01 | ||
| Donald Price | corporate director | 2024-01 | ||
| Garren Colvin | corporate officer | 2008-10 | ||
| Garren Colvin | corporate director | 2015-02 | ||
| Garren Colvin | w-2 managing employee | 2008-10 | ||
| Jackie Sweeney | corporate director | 2019-01 | ||
| Jason Jackman | corporate director | 2019-01 | ||
| Jeanne Schroer | corporate director | 2023-01 | ||
| John Hawkins | corporate director | 2023-01 | ||
| Joseph Koester | corporate director | 2020-01 | ||
| Kris Knochelmann | corporate director | 2021-01 | ||
| Kristi Nelson | corporate director | 2022-01 | ||
| Lisa Frey | corporate officer | 2019-01 | ||
| Lori Ritchey-Baldwin | corporate officer | 2014-01 | ||
| Lori Ritchey-Baldwin | w-2 managing employee | 2014-01 | ||
| Marsha Ladenburger | corporate director | 2021-01 | ||
| Robert Moorhead | corporate director | 2021-01 | ||
| Robert Stevens | corporate director | 2022-01 | ||
| Sylvia Buxton | corporate director | 2024-01 | ||
| Vera Hall | corporate officer | 2024-01 | ||
| Vera Hall | w-2 managing employee | 2024-01 |
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 KY
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 |
|---|---|---|---|---|
| 2024-07-01 | Bowling Green-Warren County... | Logan Memorial Hospital Llc | Logan Memorial Hospital | 37 |
| 2021-12-01 | Arh Tug Valley Health Services Inc | Paintsville Hospital Company Llc | Paintsville Arh Hospital | 39 |
| 2021-01-01 | Owensboro Health Twin Lakes... | Grayson County Hospital Foundation Inc | Owensboro Health Twin Lakes Medical | 49 |
| 2020-09-01 | Baptist Healthcare System Inc | Hardin Memorial Hospital | Baptist Health Hardin | 271 |
| 2019-11-01 | Uofl Health-Louisville Inc | Jewish Hospital & St. Mary's... | Uofl Health-Louisville | 789 |
| 2019-11-01 | Uofl Health-Shelbyville Inc | Jewish Hospital & St. Mary's... | Uofl Health-Shelbyville | 32 |
| 2019-09-01 | Baptist Healthcare System Inc | Baptist Health Richmond Inc | Baptist Health Richmond | 53 |
| 2019-08-01 | Arh Tug Valley Health Services Inc | Highlands Hospital Corp | Highlands Regional Medical Center | 63 |
| 2016-02-11 | T J Health Columbia Inc | Adair County Hospital District | Tj Health Columbia | 49 |