Baptist Health Corbin
Corbin, Whitley County, KY
· CCN 180080
Licensed to Baptist Healthcare System Inc
Composite
33.5
rank score
Distress
22
FY2024
Fit
59
vs thesis
Estimated ticket
$20.5M–$41.0M
205 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- occupancy 45-60%
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $323M |
| Operating margin | 7.5% |
| Total margin | 20.1% |
| Days cash on hand | 0 |
| Current ratio | 5.94 |
| Occupancy | 57% |
Facility
| Beds | 205 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 176 | $240M | $40.3M | 5.9% | 15.1% | 0 | 4.28 | 69% | 9,058 | 22 |
| 2022 | 193 | $268M | $37.0M | 0.8% | 12.2% | 0 | 5.16 | 66% | 9,047 | 29 |
| 2023 | 197 | $285M | $46.0M | 1.4% | 14.0% | 0 | 6.86 | 60% | 9,335 | 29 |
| 2024 | 205 | $323M | $75.2M | 7.5% | 20.1% | 0 | 5.94 | 57% | 9,765 | 22 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Alan Redditt | corporate director | 2024-01 | ||
| Angelia Foster | corporate officer | 2024-10 | ||
| Angelia Foster | w-2 managing employee | 2024-10 | ||
| Bonnie Stith | corporate director | 2020-06 | ||
| Cory Hicks | corporate director | 2024-01 | ||
| Daniel O'hair | corporate director | 2026-01 | ||
| Dwain Morris | corporate director | 2019-01 | ||
| Gerard Colman | corporate officer | 2017-12 | ||
| James Ferriell | w-2 managing employee | 2021-04 | ||
| Janet Norton | corporate officer | 2013-01 | ||
| Jennifer Thomas Kuerzi | corporate director | 2023-01 | ||
| Jonathan Westbrook | corporate director | 2025-01 | ||
| Kirsten Hawley | corporate director | 2025-01 | ||
| Lewis Diaz | corporate director | 2023-01 | ||
| Linda Thomas | corporate director | 2020-01 | ||
| Pamela Jones | w-2 managing employee | 2013-01 | ||
| Richard Carrico | corporate officer | 2023-02 | ||
| Robert Hook | corporate director | 2026-01 | ||
| Susan Fink | w-2 managing employee | 2016-10 | ||
| Tammy Zimmerman | corporate director | 2018-01 | ||
| William Fultz | corporate director | 2022-01 | ||
| William Shircliff | corporate director | 2022-03 |
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 |