Baptist Health Hardin
Elizabethtown, Hardin County, KY
· CCN 180012
Licensed to Baptist Healthcare System Inc
Composite
35.0
rank score
Distress
20
FY2024
Fit
65
vs thesis
Estimated ticket
$136M–$542M
271 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size well above the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $536M |
| Operating margin | 7.6% |
| Total margin | 12.5% |
| Days cash on hand | 0 |
| Current ratio | 2.54 |
| Occupancy | 62% |
Facility
| Beds | 271 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 270 | $351M | $10.0M | -0.2% | 2.8% | 0 | 3.46 | 56% | 11,262 | 40 |
| 2022 | 247 | $395M | $-30.3M | -12.1% | -7.3% | 0 | 2.50 | 67% | 11,527 | 62 |
| 2023 | 259 | $459M | $15.7M | -1.5% | 3.3% | 0 | 6.65 | 57% | 10,824 | 40 |
| 2024 | 271 | $536M | $70.8M | 7.6% | 12.5% | 0 | 2.54 | 62% | 12,313 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Alan Redditt | corporate director | 2024-01 | ||
| Bonnie Stith | corporate director | 2020-06 | ||
| Cory Hicks | corporate director | 2024-01 | ||
| Daniel O'hair | corporate director | 2026-01 | ||
| Dwain Morris | corporate director | 2019-01 | ||
| Gerard Colman | corporate officer | 2017-12 | ||
| James Ferriell | w-2 managing employee | 2024-03 | ||
| Janet Norton | corporate officer | 2016-01 | ||
| Jennifer Thomas Kuerzi | corporate director | 2023-01 | ||
| Jonathan Westbrook | corporate director | 2025-01 | ||
| Kirsten Hawley | corporate director | 2025-01 | ||
| Lewis Diaz | corporate director | 2023-01 | ||
| Linda Thomas | corporate director | 2020-01 | ||
| Richard Carrico | corporate officer | 2023-02 | ||
| Robert Hook | corporate director | 2026-01 | ||
| Robert Ramey | corporate officer | 2022-12 | ||
| Tammy Zimmerman | corporate director | 2018-01 | ||
| William Fultz | corporate director | 2022-01 | ||
| William Shircliff | corporate director | 2022-03 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2020-09-01 | change of ownership | Baptist Healthcare System Inc | Hardin Memorial Hospital |
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 |