University Hospital
Lexington, Fayette County, KY
· CCN 180067
Licensed to University Of Kentucky
Composite
14.4
rank score
Distress
31
FY2024
Fit
55
vs thesis
Estimated ticket
$564M–$2.3B
1,129 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- margin deteriorating
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $2.3B |
| Operating margin | -20.2% |
| Total margin | 16.6% |
| Days cash on hand | 201 |
| Current ratio | 7.36 |
| Occupancy | 79% |
Facility
| Beds | 1,129 |
| 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 | 948 | $1.9B | $485M | -13.3% | 18.8% | 171 | 4.73 | 81% | 35,897 | 28 |
| 2022 | 962 | $2.0B | $400M | -13.6% | 14.7% | 177 | 6.46 | 85% | 40,490 | 28 |
| 2023 | 1,144 | $2.3B | $571M | -11.4% | 18.3% | 228 | 6.18 | 76% | 42,521 | 28 |
| 2024 | 1,129 | $2.3B | $554M | -20.2% | 16.6% | 201 | 7.36 | 79% | 45,621 | 31 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Craig Collins | corporate officer | 100 | 2018-03 | |
| Craig Collins | w-2 managing employee | 100 | 2018-03 | |
| Craig Collins | operational/managerial control | 100 | 2018-03 | |
| University Of Kentucky | 5% or greater direct ownership interest | 100 | 1966-07 |
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 |