Whitesburg Arh
dba Whitesburg Arh Hospital ·
Whitesburg, KY
· CCN 180002
Licensed to Appalachian Regional Healthcare Inc
Composite
52.4
rank score
Distress
72
FY2024
Fit
50
vs thesis
Estimated ticket
$6.3M–$12.6M
90 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $58.1M |
| Operating margin | -12.4% |
| Total margin | 26.2% |
| Days cash on hand | 0 |
| Current ratio | -0.11 |
| Occupancy | 31% |
Facility
| Beds | 90 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 90 | $62.1M | $26.8M | 10.0% | 32.4% | 0 | -0.50 | 41% | 3,231 | 41 |
| 2022 | 90 | $62.5M | $8.2M | -5.2% | 11.1% | 0 | -0.15 | 43% | 3,524 | 63 |
| 2023 | 90 | $55.5M | $12.8M | -16.7% | 16.5% | 0 | -0.15 | 36% | 3,252 | 69 |
| 2024 | 90 | $58.1M | $23.2M | -12.4% | 26.2% | 0 | -0.11 | 31% | 2,808 | 72 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andrea Massey | corporate director | 2019-11 | ||
| Bessie Wright | corporate officer | 2010-05 | ||
| Christi Lee | corporate officer | 2021-11 | ||
| Danny Harris | corporate officer | 2013-05 | ||
| Gregory Couch | corporate director | 2013-11 | ||
| Gregory Pauley | corporate director | 2010-11 | ||
| Gregory Wilson | corporate director | 2019-11 | ||
| Hollie Harris | corporate officer | 2021-05 | ||
| Jeffrey Hollon | corporate director | 2012-11 | ||
| Joann Anderson | corporate director | 2017-11 | ||
| Joanna Santiesteban | corporate director | 2020-11 | ||
| Julie Rose | corporate director | 2014-11 | ||
| Ken Allman | corporate director | 2019-11 | ||
| Larry Francis | corporate director | 2017-11 | ||
| Maria Braman | corporate officer | 2016-03 | ||
| Michael Rust | corporate director | 2019-11 | ||
| Onzie Sizemore | corporate director | 2014-11 | ||
| Randall Evans | corporate director | 2013-11 | ||
| Samuel Dunn | corporate director | 2021-11 | ||
| Susan Neace | w-2 managing employee | 2005-01 | ||
| Theodore Myre | corporate director | 2017-11 |
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 |