Livingston Hospital
dba Livingston Hospital And Healthcare ·
Salem, Livingston County, KY
· CCN 181320
Licensed to Livingston Hospital And Healthcare Services, Inc.
Composite
29.5
rank score
Distress
29
FY2023
Fit
41
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin under 2%
- 60-90 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 | $21.3M |
| Operating margin | 0.3% |
| Total margin | 6.9% |
| Days cash on hand | 84 |
| Current ratio | 3.15 |
| Occupancy | 26% |
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 | $14.5M | $1.8M | -14.6% | 9.6% | 203 | 2.00 | 27% | 453 | 37 |
| 2021 | 25 | $17.9M | $2.8M | -0.7% | 13.6% | 137 | 3.35 | 28% | 405 | 29 |
| 2022 | 25 | $15.6M | $-195K | -12.0% | -1.1% | 111 | 3.77 | 25% | 341 | 49 |
| 2023 | 25 | $21.3M | $1.6M | 0.3% | 6.9% | 84 | 3.15 | 26% | 368 | 29 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andrew Fox | corporate director | 2005-06 | ||
| Barry Chittenden | corporate officer | 2017-05 | ||
| Barry Chittenden | corporate director | 1996-05 | ||
| Daryl Deguire | corporate director | 2021-01 | ||
| Ghassan Yazigi | corporate director | 2014-05 | ||
| James Mcgregor | corporate director | 1995-11 | ||
| Jim Belt | corporate officer | 2014-05 | ||
| Jim Belt | corporate director | 2014-05 | ||
| Joseph Prather | corporate director | 2022-02 | ||
| Marc Florence | corporate director | 2022-02 | ||
| Marcille Mahan | corporate director | 2007-12 | ||
| Rod Whittington | corporate officer | 2018-01 | ||
| Rod Whittington | corporate director | 2018-01 | ||
| Rod Whittington | w-2 managing employee | 2018-01 | ||
| Stephen Williams | corporate director | 2021-01 | ||
| Susan Alexander | corporate director | 1999-06 | ||
| Terry Teitloff | corporate director | 2021-01 | ||
| William Barnes | corporate director | 1986-05 | ||
| William Guyette | corporate director | 1986-01 | ||
| William White | corporate director | 2022-02 |
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 |