Deaconness Union County Hospital
dba Deaconess Union County Hospital ·
Morganfield, Union County, KY
· CCN 181306
Licensed to Deaconess Union County Hospital, Inc
Composite
20.2
rank score
Distress
5
FY2023
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 · FY2023
| Net patient revenue | $29.9M |
| Operating margin | 20.5% |
| Total margin | 20.9% |
| Days cash on hand | 385 |
| Current ratio | 1.92 |
| Occupancy | 33% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $5.2M | $464K | 2.3% | 8.3% | 1,114 | 1.60 | 45% | 32 | 2 |
| 2021 | 25 | $22.4M | $-603K | -16.5% | -2.4% | 332 | 1.52 | 42% | 501 | 41 |
| 2022 | 25 | $30.9M | $1.8M | 4.8% | 5.7% | 147 | 1.20 | 37% | 206 | 13 |
| 2023 | 25 | $29.9M | $6.3M | 20.5% | 20.9% | 385 | 1.92 | 33% | 99 | 5 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Deaconess Health Kentucky Inc | 5% or greater direct ownership interest | 100 | 2020-07 | |
| Deaconess Health System Inc | operational/managerial control | 100 | 2020-07 | |
| Adam O'nan | corporate director | 2021-10 | ||
| Amber Powell | corporate director | 2025-11 | ||
| Greg Moore | corporate officer | 2023-03 | ||
| Greg Moore | w-2 managing employee | 2023-03 | ||
| Marc Florence | corporate director | 2021-10 | ||
| Patricia Sheffer | corporate director | 2021-10 | ||
| Ryan Rose | corporate director | 2021-10 | ||
| Shawn Mccoy | operational/managerial control | 2021-10 | ||
| Tessa Gough | corporate director | 2021-10 | ||
| William White | corporate director | 2021-10 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2021-10-01 | change of ownership | Deaconess Union County Hospital, Inc | Methodist Health, 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 |