Deaconess Henderson Hospital
Henderson, Henderson County, KY
· CCN 180056
Licensed to Methodist Health, Inc.
Composite
37.0
rank score
Distress
20
FY2023
Fit
70
vs thesis
Estimated ticket
$59.0M–$236M
118 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- 30-60 days cash on hand
- occupancy 30-45%
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $127M |
| Operating margin | 3.7% |
| Total margin | 9.7% |
| Days cash on hand | 58 |
| Current ratio | 2.79 |
| Occupancy | 32% |
Facility
| Beds | 118 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 118 | $23.0M | $-545K | -6.5% | -2.3% | 376 | 1.23 | 26% | 765 | 47 |
| 2021 | 118 | $112M | $15.4M | 5.4% | 12.7% | 53 | 1.36 | 31% | 3,746 | 26 |
| 2022 | 118 | $127M | $10.3M | 6.2% | 8.0% | 63 | 1.19 | 30% | 3,369 | 22 |
| 2023 | 118 | $127M | $13.1M | 3.7% | 9.7% | 58 | 2.79 | 32% | 3,752 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Charles Austin | corporate director | 2018-09 | ||
| Cheryl Wathen | corporate officer | 2020-07 | ||
| Christina Ryan | corporate director | 2018-09 | ||
| Curtis Webb | corporate director | 2018-09 | ||
| Deaconess Health Kentucky Inc | 5% or greater direct ownership interest | 2020-07 | ||
| Gregory Risch | corporate director | 2018-10 | ||
| James Vincent | corporate director | 2018-09 | ||
| Linda White | corporate officer | 2019-10 | ||
| Linda White | w-2 managing employee | 2019-10 | ||
| Mike Cameron | corporate director | 2019-12 | ||
| Phillip Shields | corporate director | 2020-07 | ||
| Shawn Mccoy | corporate officer | 2020-07 | ||
| Susan Parsons | corporate director | 2018-10 |
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 |