Rockcastle Hospt. & Respir Care Ctr
dba Rockcastle Regional Hospital And Respiratory Care Center ·
Mt Vernon, Rockcastle County, KY
· CCN 180115
Licensed to Rockcastle County Hospital, Inc.
Composite
34.6
rank score
Distress
36
FY2023
Fit
46
vs thesis
Estimated ticket
$3.0M–$6.0M
30 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- 90-150 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- 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 · FY2023
| Net patient revenue | $83.4M |
| Operating margin | -1.2% |
| Total margin | 3.9% |
| Days cash on hand | 131 |
| Current ratio | 9.37 |
| Occupancy | 29% |
Facility
| Beds | 30 |
| 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 | 30 | $68.3M | $8.6M | -0.9% | 11.1% | 159 | 8.22 | 32% | 809 | 21 |
| 2021 | 30 | $74.4M | $3.0M | 0.6% | 4.0% | 174 | 6.14 | 42% | 1,008 | 12 |
| 2022 | 30 | $79.1M | $5.6M | 2.2% | 6.8% | 179 | 14.06 | 35% | 656 | 6 |
| 2023 | 30 | $83.4M | $3.4M | -1.2% | 3.9% | 131 | 9.37 | 29% | 737 | 36 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bige Towery | corporate director | 2009-08 | ||
| Christopher Bastin | corporate officer | 2013-03 | ||
| Christopher Bastin | w-2 managing employee | 2013-03 | ||
| Debra Lambert | corporate director | 2009-08 | ||
| Jeffrey Burdette | corporate director | 2009-07 | ||
| Joseph Lambert | corporate director | 2009-08 | ||
| Stephen Estes | corporate officer | 2009-08 | ||
| Stephen Estes | w-2 managing employee | 2011-02 |
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 |