dealflow
envelope $200M

← Targets

Owensboro Health Regional Hospital

Owensboro, Daviess County, KY · CCN 180038
Licensed to Owensboro Health, Inc

Composite
27.9
rank score
Distress
5
FY2024
Fit
64
vs thesis
Estimated ticket
$30.2M–$60.4M
302 beds · within envelope
Ownership
nonprofit
STH

Why it ranks here

  • occupancy 45-60%
  • margin slipping
  • rural — cheaper but limited density
  • large — ticket likely stretches the envelope
  • ticket size somewhat below the envelope
  • moderate occupancy
  • nonprofit — expect AG conversion review

Latest financials · FY2024

Net patient revenue$716M
Operating margin 14.4%
Total margin 15.6%
Days cash on hand 222
Current ratio 3.38
Occupancy60%

Facility

Beds302
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 302 $592M $96.2M 13.7% 15.8% 275 5.85 60% 15,058 0
2022 302 $625M $67.5M 10.3% 10.8% 220 6.83 65% 13,421 0
2023 302 $679M $103M 11.1% 14.8% 196 4.51 62% 15,511 0
2024 302 $716M $113M 14.4% 15.6% 222 3.38 60% 15,526 5

Owners

OwnerRole%SinceType
Andrea Moore corporate director 2021-09
Anthony Mcbride corporate officer 2018-11
Beth Steele corporate officer 2022-01
Candace Brake corporate director 2019-11
Charles Mills corporate director 2021-11
Chris Love corporate director 2021-11
David Roberts corporate director 2019-11
Ernest Begley corporate officer 2008-01
Ernest Begley w-2 managing employee 2008-01
Francis Dufrayne corporate officer 2018-08
Francis Dufrayne w-2 managing employee 2018-08
Gavin Roberts corporate director 2017-11
Laura Chapman corporate director 2021-11
Mark Marsh corporate officer 2021-06
Mark Marsh w-2 managing employee 2021-06
Mia Suter corporate officer 2000-08
Mia Suter w-2 managing employee 2000-08
Michael Yeiser corporate director 2013-04
Nathan Berry corporate director 2023-02
Nick Hetman corporate director 2019-11
Patricia Osborne corporate director 2023-11
Phil Riney corporate officer 2018-11
Russell Ranallo corporate officer 2022-06
Russell Ranallo w-2 managing employee 2022-06
Suzanne Harris corporate director 2023-03

Showing 25 of 27. Full list via /api/targets/180038.

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