Spring View Hospital
Lebanon, Marion County, KY
· CCN 180024
Licensed to Spring View Hospital Llc
Composite
34.1
rank score
Distress
28
FY2023
Fit
49
vs thesis
Estimated ticket
$6.3M–$12.6M
63 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- occupancy below 30%
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $52.1M |
| Operating margin | 4.3% |
| Total margin | 7.3% |
| Days cash on hand | 0 |
| Current ratio | 2.09 |
| Occupancy | 11% |
Facility
| Beds | 63 |
| Facility type | STH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 63 | $33.2M | $1.7M | -6.2% | 4.5% | 0 | 0.44 | 12% | 939 | 67 |
| 2021 | 63 | $44.5M | $6.8M | 11.0% | 14.7% | 0 | 1.53 | 17% | 1,095 | 31 |
| 2022 | 63 | $44.6M | $1.1M | 0.6% | 2.4% | 0 | 1.53 | 16% | 966 | 38 |
| 2023 | 63 | $52.1M | $3.9M | 4.3% | 7.3% | 0 | 2.09 | 11% | 815 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Dsb Acquisition Llc | 5% or greater indirect ownership interest | 100 | 2018-11 | |
| Historic Lifepoint Hospitals, Llc | 5% or greater indirect ownership interest | 100 | 2003-10 | |
| Legacy Lifepoint Health Llc | 5% or greater indirect ownership interest | 100 | 2015-05 | |
| Lifepoint Health Inc | 5% or greater indirect ownership interest | 100 | 2018-11 | chain |
| Lifepoint Holdings 2 Llc | 5% or greater direct ownership interest | 100 | 2003-10 | |
| Lifepoint Hospitals Holdings Llc | 5% or greater indirect ownership interest | 100 | 2015-12 | |
| Charlotte Lawrence | corporate officer | 2022-01 | ||
| Christopher Monte | corporate officer | 2008-06 | ||
| Daniel Davis | corporate officer | 2022-09 | ||
| Elliott Brown | corporate officer | 2026-04 | ||
| Lifepoint Corporate Services General Partnership | operational/managerial control | 2005-04 | ||
| Marcus Poppell | corporate officer | 2009-11 | ||
| Vicki Parks | w-2 managing employee | 2025-07 | ||
| William Haugh | corporate officer | 2022-09 |
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 |