Carroll County Memorial Hosp
dba Carroll County Memorial Hospital ·
Carrollton, Carroll County, KY
· CCN 181310
Licensed to Ccmh Corporation
Composite
33.5
rank score
Distress
38
FY2023
Fit
41
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin -10% to -5%
- 90-150 days cash on hand
- occupancy below 30%
- margin deteriorating
- 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 · FY2023
| Net patient revenue | $21.6M |
| Operating margin | -6.1% |
| Total margin | 8.5% |
| Days cash on hand | 109 |
| Current ratio | 2.97 |
| Occupancy | 11% |
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 | $12.8M | $2.3M | -45.5% | 11.2% | 92 | 1.84 | 17% | 274 | 46 |
| 2021 | 25 | $15.4M | $1.9M | -20.8% | 9.3% | 119 | 2.36 | 16% | 328 | 41 |
| 2022 | 25 | $17.5M | $-767K | -17.1% | -3.9% | 77 | 2.48 | 14% | 284 | 59 |
| 2023 | 25 | $21.6M | $2.1M | -6.1% | 8.5% | 109 | 2.97 | 11% | 216 | 38 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ccmh Corporation | operational/managerial control | 100 | 2007-04 | |
| Dennis Raisor | corporate director | 2007-07 | ||
| Donna Burns | corporate director | 2007-07 | ||
| Georgia Heise | corporate director | 2013-12 | ||
| Harold Tomlinson | corporate director | 2007-04 | ||
| Jeffrey Nab | corporate director | 2015-05 | ||
| Jenniffer Liter | corporate officer | 2025-03 | ||
| Jenniffer Liter | w-2 managing employee | 2025-03 | ||
| Jim Stephenson | corporate director | 2007-04 | ||
| Nick Marsh | corporate director | 2007-04 | ||
| Robert Yowler | corporate director | 2013-12 |
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 |