Baptist Health Lagrange
Lagrange, Oldham County, KY
· CCN 180138
Licensed to Baptist Healthcare System Inc
Composite
37.4
rank score
Distress
28
FY2024
Fit
62
vs thesis
Estimated ticket
$26.0M–$104M
52 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- occupancy below 30%
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size somewhat below the envelope
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $307M |
| Operating margin | 14.6% |
| Total margin | 25.8% |
| Days cash on hand | 0 |
| Current ratio | 5.39 |
| Occupancy | 30% |
Facility
| Beds | 52 |
| 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 | 47 | $187M | $28.0M | 4.0% | 13.5% | 0 | 6.39 | 35% | 1,368 | 28 |
| 2022 | 42 | $211M | $32.7M | 1.2% | 13.6% | 0 | 7.70 | 38% | 1,583 | 34 |
| 2023 | 42 | $237M | $42.6M | 2.7% | 15.6% | 0 | 4.78 | 30% | 1,535 | 28 |
| 2024 | 52 | $307M | $91.4M | 14.6% | 25.8% | 0 | 5.39 | 30% | 1,737 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Alan Redditt | corporate director | 2024-01 | ||
| Bonnie Stith | corporate director | 2020-06 | ||
| Clint Kaho | corporate officer | 2017-12 | ||
| 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 | 2024-03 | ||
| 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 | ||
| Nathan Wilson | w-2 managing employee | 2014-09 | ||
| Nathan Wilson | operational/managerial control | 2014-09 | ||
| 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 |