Trigg County Hospital
Cadiz, Trigg County, KY
· CCN 181304
Licensed to Trigg County Hospital, Inc
Composite
20.2
rank score
Distress
5
FY2024
Fit
45
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- occupancy 30-45%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $26.4M |
| Operating margin | 5.6% |
| Total margin | 17.9% |
| Days cash on hand | 175 |
| Current ratio | 4.35 |
| Occupancy | 39% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $19.6M | $3.7M | -1.1% | 15.9% | 66 | 3.60 | 39% | 103 | 36 |
| 2022 | 25 | $22.0M | $4.1M | 1.2% | 15.9% | 128 | 3.65 | 35% | 131 | 17 |
| 2023 | 25 | $24.0M | $4.7M | -1.0% | 16.2% | 128 | 3.75 | 44% | 140 | 26 |
| 2024 | 25 | $26.4M | $5.4M | 5.6% | 17.9% | 175 | 4.35 | 39% | 77 | 5 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Christy Oliphant | corporate officer | 2015-05 | ||
| Craig Fowler | corporate officer | 2017-09 | ||
| George Radford | corporate director | 1999-12 | ||
| Joe Nichols | corporate officer | 2017-09 | ||
| John Sumner | corporate officer | 2015-05 | ||
| John Sumner | w-2 managing employee | 2015-05 | ||
| Melissa Hale | corporate director | 2014-09 | ||
| Michael Gross | corporate officer | 2007-11 | ||
| Michael Wright | corporate director | 2013-10 | ||
| Robert Noel | corporate director | 2007-11 | ||
| Stephanie Perry | corporate director | 2008-06 | ||
| Todd Harton | corporate officer | 2017-10 |
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 |
|---|---|---|---|---|
| 2024-04-01 | Bowling Green-Warren County... | The Medical Center At Clinton County Inc | The Medical Center Of Albany | 25 |
| 2024-04-01 | Bowling Green-Warren County... | The Medical Center At Franklin Inc | The Medical Center At Franklin | 25 |
| 2021-10-01 | Deaconess Union County Hospital, Inc | Methodist Health, Inc. | Deaconness Union County Hospital | 25 |
| 2018-07-01 | Arh Mary Breckinridge Health Services Inc | Saint Joseph Health System Inc | Our Lady Of The Way | 25 |
| 2016-01-01 | Bowling Green-Warren County... | Caverna Memorial Hospital Inc | The Medical Center At Caverna | 25 |