Casey County Hospital
Liberty, Casey County, KY
· CCN 181309
Licensed to Casey County Hospital District
Composite
17.2
rank score
Distress
0
FY2024
Fit
43
vs thesis
Estimated ticket
$2.0M–$4.1M
24 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $48.1M |
| Operating margin | 37.7% |
| Total margin | 40.9% |
| Days cash on hand | 663 |
| Current ratio | 3.60 |
| Occupancy | 88% |
Facility
| Beds | 24 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| 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 | 24 | $33.0M | $12.3M | 29.5% | 34.5% | 205 | -12.49 | 86% | 275 | 13 |
| 2022 | 24 | $35.3M | $10.7M | 25.4% | 28.8% | 279 | 12.71 | 88% | 259 | 0 |
| 2023 | 24 | $37.7M | $11.9M | 26.8% | 30.1% | 455 | 8.80 | 86% | 239 | 0 |
| 2024 | 24 | $48.1M | $20.7M | 37.7% | 40.9% | 663 | 3.60 | 88% | 262 | 0 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Casey County Hospital District | 5% or greater direct ownership interest | 100 | 2007-11 | |
| Dan Johnson | corporate officer | 2019-11 | ||
| Karen Atwood | corporate officer | 2011-05 | ||
| Rex Tungate | corporate officer | 2007-11 | ||
| Rex Tungate | w-2 managing employee | 2016-11 | ||
| Robert Rousey | corporate director | 2015-10 | ||
| Ronald Wright | corporate officer | 2018-02 | ||
| Tungate Healthcare Enterprises Inc | operational/managerial control | 2009-01 |
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 |