Owensboro Health Twin Lakes Medical
dba Owensboro Health Twin Lakes Medical Center ·
Leitchfield, Grayson County, KY
· CCN 180070
Licensed to Owensboro Health Twin Lakes Regional Medical Center, Inc
Composite
34.2
rank score
Distress
35
FY2024
Fit
46
vs thesis
Estimated ticket
$4.9M–$9.8M
49 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- current ratio under 1.5
- debt above 70% of assets
- occupancy below 30%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $66.7M |
| Operating margin | 20.4% |
| Total margin | 21.4% |
| Days cash on hand | 13 |
| Current ratio | 1.04 |
| Occupancy | 25% |
Facility
| Beds | 49 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 | 49 | $19.8M | $7.9M | -12.6% | 26.2% | 315 | 6.61 | 46% | 787 | 30 |
| 2021 | 49 | $18.8M | $352K | 0.1% | 1.8% | 142 | 0.42 | 52% | 888 | 38 |
| 2022 | 49 | $52.0M | $7.8M | 12.1% | 14.7% | 120 | 0.55 | 40% | 1,594 | 31 |
| 2023 | 49 | $55.2M | $12.6M | 14.8% | 21.1% | 8 | 0.82 | 26% | 1,930 | 44 |
| 2024 | 49 | $66.7M | $14.5M | 20.4% | 21.4% | 13 | 1.04 | 25% | 1,430 | 35 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ashley Herrington | corporate officer | 2021-01 | ||
| Ashley Herrington | w-2 managing employee | 2021-01 | ||
| Dennis Fentress | corporate director | 2021-01 | ||
| Gavin Roberts | corporate director | 2021-11 | ||
| Glenna Black | corporate director | 2021-01 | ||
| Larry Abney | corporate director | 2021-01 | ||
| Mark Marsh | corporate officer | 2021-06 | ||
| Mark Marsh | w-2 managing employee | 2021-06 | ||
| Robert Farmer | corporate director | 2021-01 | ||
| Russell Ranallo | corporate officer | 2022-06 | ||
| Russell Ranallo | corporate director | 2022-06 | ||
| Ryan Bratcher | corporate director | 2021-01 | ||
| Trina Daves | corporate officer | 2021-01 | ||
| Trina Daves | w-2 managing employee | 2021-01 | ||
| Vicki Stogsdill | corporate director | 2021-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2021-01-01 | change of ownership | Owensboro Health Twin Lakes... | Grayson County Hospital Foundation Inc |
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 |