St Elizabeth - Grant County
dba St Elizabeth Healthcare Grant ·
Williamstown, Grant County, KY
· CCN 181311
Licensed to St Elizabeth Medical Center, Inc
Composite
17.2
rank score
Distress
8
FY2023
Fit
34
vs thesis
Estimated ticket
$1.3M–$2.5M
15 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- occupancy below 30%
- rural — cheaper but limited density
- very small facility
- 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 | $48.2M |
| Operating margin | 30.3% |
| Total margin | 30.6% |
| Days cash on hand | 2,700 |
| Current ratio | 36.16 |
| Occupancy | 10% |
Facility
| Beds | 15 |
| 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 | 15 | $26.5M | $4.4M | 2.2% | 14.4% | 1,995 | 19.51 | 13% | 54 | 9 |
| 2021 | 15 | $30.7M | $3.8M | 11.0% | 12.1% | 2,291 | 29.32 | 11% | 79 | 9 |
| 2022 | 15 | $33.7M | $2.9M | 8.1% | 8.6% | 2,431 | 34.79 | 9% | 99 | 9 |
| 2023 | 15 | $48.2M | $14.8M | 30.3% | 30.6% | 2,700 | 36.16 | 10% | 103 | 8 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andrew Schaeffer | corporate director | 2019-01 | ||
| Debbie Simpson | corporate director | 2026-01 | ||
| Derek Haught | corporate director | 2025-01 | ||
| Donald Price | corporate director | 2024-01 | ||
| Garren Colvin | corporate officer | 2007-11 | ||
| Garren Colvin | corporate director | 2015-02 | ||
| Garren Colvin | w-2 managing employee | 2007-11 | ||
| Jackie Sweeney | corporate director | 2019-01 | ||
| Jason Jackman | corporate director | 2019-01 | ||
| Jeanne Schroer | corporate director | 2023-01 | ||
| John Hawkins | corporate director | 2023-01 | ||
| Joseph Koester | corporate director | 2020-01 | ||
| Kris Knochelmann | corporate director | 2021-01 | ||
| Kristi Nelson | corporate director | 2022-01 | ||
| Lisa Frey | corporate officer | 2019-01 | ||
| Lori Ritchey-Baldwin | corporate officer | 2014-01 | ||
| Lori Ritchey-Baldwin | w-2 managing employee | 2014-01 | ||
| Marsha Ladenburger | corporate director | 2021-01 | ||
| Robert Moorhead | corporate director | 2021-01 | ||
| Robert Stevens | corporate director | 2022-01 | ||
| Sylvia Buxton | corporate director | 2024-01 | ||
| Vera Hall | corporate officer | 2024-01 | ||
| Vera Hall | w-2 managing employee | 2024-01 |
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 |