Frankfort Regional
dba Frankfort Regional Medical Center ·
Frankfort, Franklin County, KY
· CCN 180127
Licensed to Frankfort Hospital Inc
Composite
36.6
rank score
Distress
22
FY2024
Fit
62
vs thesis
Estimated ticket
$11.8M–$23.6M
118 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- occupancy 45-60%
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $133M |
| Operating margin | 31.1% |
| Total margin | 31.4% |
| Days cash on hand | 0 |
| Current ratio | 2.58 |
| Occupancy | 52% |
Facility
| Beds | 118 |
| Facility type | STH |
| Setting | rural |
| Ownership class | for-profit |
| 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 | 112 | $118M | $31.4M | 28.3% | 26.5% | 1 | 2.08 | 68% | 6,148 | 22 |
| 2022 | 114 | $120M | $32.5M | 26.9% | 27.1% | 1 | 2.15 | 70% | 5,727 | 22 |
| 2023 | 118 | $122M | $37.0M | 24.9% | 28.7% | 0 | 2.45 | 58% | 5,666 | 24 |
| 2024 | 118 | $133M | $41.8M | 31.1% | 31.4% | 0 | 2.58 | 52% | 5,488 | 22 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Greenview Hospital Inc | 5% or greater direct ownership interest | 100 | 2006-11 | |
| Hca Healthcare Inc | 5% or greater indirect ownership interest | 100 | 2011-03 | |
| Hca Inc | 5% or greater indirect ownership interest | 100 | 2007-05 | chain |
| Hca Squared Llc | 5% or greater indirect ownership interest | 100 | 2011-10 | |
| Healthtrust Inc - The Hospital Company | 5% or greater indirect ownership interest | 100 | 2007-05 | |
| Hospital Corp Llc | 5% or greater indirect ownership interest | 100 | 2011-08 | |
| Frisco Holding Ii | 5% or greater indirect ownership interest | 16 | 2026-02 | |
| Hercules Holding Ii | 5% or greater indirect ownership interest | 14 | 2016-09 | |
| Brad Spicer | corporate officer | 2023-01 | ||
| Christopher Wyatt | corporate director | 2016-04 | ||
| Deborah Mullin | corporate officer | 2010-01 | ||
| Douglas Downey | corporate officer | 2014-04 | ||
| Edwin Robinson | corporate officer | 2025-09 | ||
| Eric Smith | contracted managing employee | 2021-03 | ||
| Henry Maxwell | corporate officer | 2024-01 | ||
| Jaime Derensis | corporate officer | 2020-11 | ||
| Jeffery Mcinturff | corporate officer | 2021-11 | ||
| John Ballard | corporate officer | 2024-02 | ||
| John Ballard | w-2 managing employee | 2024-02 | ||
| John Franck | corporate director | 2007-04 | ||
| John Hackett | corporate officer | 2016-04 | ||
| John Starling | corporate officer | 2019-10 | ||
| Jon Foster | corporate officer | 2023-01 | ||
| Kevin Ball | corporate officer | 2014-04 | ||
| Matthew Favicchio | corporate officer | 2025-09 |
Showing 25 of 42. Full list via /api/targets/180127.
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 |