Our Lady Of The Way
dba Arh Our Lady Of The Way ·
Martin, Floyd County, KY
· CCN 181305
Licensed to Arh Mary Breckinridge Health Services Inc
Composite
41.9
rank score
Distress
53
FY2024
Fit
45
vs thesis
Estimated ticket
$1.8M–$3.6M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin under 2%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- 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 | $22.7M |
| Operating margin | 1.3% |
| Total margin | 33.3% |
| Days cash on hand | 0 |
| Current ratio | 0.62 |
| Occupancy | 38% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $72.2K |
| Per-bed (high) | $144K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $18.9M | $3.3M | -9.7% | 13.6% | 98 | 4.79 | 24% | 241 | 36 |
| 2022 | 25 | $7.1M | $-12.6M | -212.0% | -132.1% | 0 | 1.50 | 27% | 384 | 79 |
| 2023 | 25 | $20.8M | $10.8M | -5.7% | 33.0% | 0 | 0.78 | 37% | 271 | 71 |
| 2024 | 25 | $22.7M | $11.2M | 1.3% | 33.3% | 0 | 0.62 | 38% | 359 | 53 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Appalachian Regional Healthcare Inc | 5% or greater direct ownership interest | 100 | 2011-05 | |
| Andrea Massey | corporate director | 2019-11 | ||
| Byron Gabbard | corporate officer | 2023-11 | ||
| Byron Gabbard | corporate director | 2023-11 | ||
| Christi Lee | corporate officer | 2021-11 | ||
| Hollie Harris | corporate officer | 2021-05 | ||
| Vanessa Johnson | w-2 managing employee | 2017-08 | ||
| Vanessa Johnson | operational/managerial control | 2017-08 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2018-07-01 | change of ownership | Arh Mary Breckinridge Health... | Saint Joseph Health System Inc |
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 |