Marshall County Hospital
Benton, Marshall County, KY
· CCN 181327
Licensed to Marshall County Hospital District
Composite
30.1
rank score
Distress
33
FY2023
Fit
38
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- occupancy below 30%
- 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
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $21.4M |
| Operating margin | -22.4% |
| Total margin | 4.4% |
| Days cash on hand | 204 |
| Current ratio | 6.92 |
| Occupancy | 16% |
Facility
| Beds | 25 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $17.2M | $641K | -33.4% | 2.6% | 353 | 3.42 | 23% | 474 | 37 |
| 2021 | 25 | $20.8M | $803K | -16.3% | 3.0% | 243 | 2.46 | 22% | 523 | 37 |
| 2022 | 25 | $18.0M | $-1.7M | -43.7% | -6.4% | 195 | 3.83 | 18% | 450 | 49 |
| 2023 | 25 | $21.4M | $1.3M | -22.4% | 4.4% | 204 | 6.92 | 16% | 399 | 33 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| James Wiseman | corporate director | 2017-07 | ||
| Janice Kelley | corporate officer | 1995-10 | ||
| Janice Kelley | w-2 managing employee | 1995-10 | ||
| Jerry Sells | corporate director | 2020-06 | ||
| Lauren Mann | corporate director | 2022-06 | ||
| Pamela Sirls | corporate director | 2017-07 | ||
| Peyton Porter | corporate director | 2024-06 | ||
| Steven Luther | corporate officer | 2026-03 | ||
| Steven Luther | w-2 managing employee | 2026-03 | ||
| Tiffany Tubbs | corporate officer | 2020-01 | ||
| Tiffany Tubbs | w-2 managing employee | 2020-01 |
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 |