Pineville Community Health Center
Pineville, KY
· CCN 180154
Licensed to Pineville Community Health Center Inc
Composite
58.0
rank score
Distress
88
FY2024
Fit
46
vs thesis
Estimated ticket
$3.1M–$6.3M
45 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio under 1.5
- debt above 85% of assets
- 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 · FY2024
| Net patient revenue | $26.6M |
| Operating margin | -71.3% |
| Total margin | -61.4% |
| Days cash on hand | 6 |
| Current ratio | 1.15 |
| Occupancy | 5% |
Facility
| Beds | 45 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 57 | $4.1M | $2.6M | -56.9% | 29.0% | 232 | 380.94 | 9% | 305 | 37 |
| 2021 | 45 | $7.3M | $-3.2M | -89.8% | -29.9% | 14 | 1.12 | 13% | 588 | 90 |
| 2022 | 45 | $7.1M | $-2.5M | -66.1% | -26.7% | 16 | 0.52 | 13% | 549 | 100 |
| 2023 | 45 | $13.1M | $-640K | -35.8% | -3.7% | 40 | 1.55 | 8% | 362 | 77 |
| 2024 | 45 | $26.6M | $-17.3M | -71.3% | -61.4% | 6 | 1.15 | 5% | 247 | 88 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Dennis Varghese | corporate officer | 2023-02 | ||
| Sheryl Richer | corporate director | 2023-02 | ||
| Teresa Mccarty | w-2 managing employee | 2019-06 | ||
| Tyler Stapp | corporate officer | 2024-11 |
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 |