Breckinridge Health Inc
Hardinsburg, Breckinridge County, KY
· CCN 181319
Licensed to Breckinridge Health, Inc.
Composite
28.6
rank score
Distress
27
FY2023
Fit
41
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- 60-90 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- 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 | $27.6M |
| Operating margin | 3.6% |
| Total margin | 9.5% |
| Days cash on hand | 79 |
| Current ratio | 2.64 |
| Occupancy | 20% |
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 | $18.5M | $4.2M | -15.6% | 16.5% | 130 | 1.43 | 28% | 485 | 49 |
| 2021 | 25 | $23.8M | $3.6M | -4.8% | 12.7% | 90 | 1.70 | 30% | 826 | 29 |
| 2022 | 25 | $23.9M | $737K | -11.1% | 2.7% | 72 | 2.06 | 26% | 503 | 47 |
| 2023 | 25 | $27.6M | $2.8M | 3.6% | 9.5% | 79 | 2.64 | 20% | 944 | 27 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Amy Arndell | 5% or greater indirect ownership interest | 5 | 2019-01 | |
| Amy Arndell | corporate officer | 2020-01 | ||
| Angela Portman | corporate officer | 2015-06 | ||
| Angela Portman | operational/managerial control | 2015-01 | ||
| Dottie Watson | corporate director | 1999-04 | ||
| Faye Dowell | corporate director | 2019-01 | ||
| Holly Gregory | corporate director | 2019-01 | ||
| Janice Elder | corporate director | 2020-01 | ||
| Jeffrey Robbins | corporate director | 2014-02 | ||
| Kerry Kasey | corporate director | 2019-01 | ||
| Kim Flood | corporate director | 2020-01 | ||
| Layman Lucas | corporate director | 2019-01 | ||
| Melony Jaggers | corporate officer | 2021-07 | ||
| Mitchell Jackson | corporate officer | 2020-02 | ||
| Rebecca Pollock | corporate officer | 2020-08 | ||
| Sherry Wilson | corporate officer | 2022-06 | ||
| Tom Loughran | corporate director | 2019-06 |
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 |