dealflow
envelope $200M

← Targets

Saint Joseph London

dba Chi Saint Joseph London · London, Laurel County, KY · CCN 180011
Licensed to Saint Joseph Health System Inc

Composite
26.6
rank score
Distress
4
FY2024
Fit
62
vs thesis
Estimated ticket
$11.8M–$23.6M
118 beds · within envelope
Ownership
nonprofit
STH

Why it ranks here

  • 90-150 days cash on hand
  • rural — cheaper but limited density
  • bed count in the target band
  • small ticket — deploys little of the available capital
  • strong occupancy — good iteration surface
  • nonprofit — expect AG conversion review

Latest financials · FY2024

Net patient revenue$215M
Operating margin 6.8%
Total margin 9.2%
Days cash on hand 149
Current ratio 4.09
Occupancy66%

Facility

Beds118
Facility typeSTH
Settingrural
Ownership classnonprofit
Per-bed (low) $100K
Per-bed (high) $200K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 122 $169M $12.5M 3.3% 7.1% 42 0.99 65% 5,777 26
2022 122 $182M $13.0M 3.1% 6.9% 55 1.13 71% 5,856 20
2023 118 $174M $-3.8M -8.1% -2.1% 23 1.53 62% 5,548 52
2024 118 $215M $20.5M 6.8% 9.2% 149 4.09 66% 7,281 4

Owners

OwnerRole%SinceType
Commonspirit Health
Englewood, CO
5% or greater indirect ownership interest 100 2019-02
Kentuckyone Health Inc
Lexington, KY
5% or greater indirect ownership interest 100 2020-02
Saint Joseph Health System Inc
Lexington, KY
5% or greater direct ownership interest 100 2008-07
Adeline Fehribach corporate director 2022-01
Christy Spitser corporate officer 2022-01
Christy Spitser w-2 managing employee 2014-03
Daniel Rodrigue corporate director 2022-01
Daryl Love corporate director 2025-07
Donald Hearne corporate officer 2025-07
Granetta Blevins corporate director 2025-07
Jane Chiles corporate director 2012-01
Kim Potter-Blair corporate director 2022-01
Martha Jones corporate director 2013-07
Mary-Alicha Weldon corporate director 2022-01
Matthew Brown corporate officer 2025-07
Matthew Brown corporate director 2025-07
Matthew Grimshaw corporate director 2025-07
Melissa Murphy corporate director 2022-01
Monica Kennison corporate director 2025-07
Terika Mbanu corporate director 2025-07
Thomas Kopfensteiner corporate director 2025-07
Winston Griffin corporate director 2022-01

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.

DateBuyerSellerHospitalBeds
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