Saint Joseph Berea
dba Chi Saint Joseph Berea ·
Berea, Madison County, KY
· CCN 181329
Licensed to Saint Joseph Health System Inc
Composite
20.9
rank score
Distress
2
FY2024
Fit
50
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- occupancy 45-60%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $52.9M |
| Operating margin | 21.6% |
| Total margin | 23.7% |
| Days cash on hand | 193 |
| Current ratio | 8.09 |
| Occupancy | 50% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $34.3M | $2.9M | 0.3% | 7.9% | 319 | 3.51 | 49% | 607 | 9 |
| 2022 | 25 | $38.1M | $2.6M | 2.3% | 6.6% | 301 | 5.87 | 58% | 743 | 2 |
| 2023 | 25 | $40.0M | $3.2M | 3.9% | 7.7% | 159 | 6.82 | 42% | 697 | 6 |
| 2024 | 25 | $52.9M | $12.9M | 21.6% | 23.7% | 193 | 8.09 | 50% | 790 | 2 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Commonspirit Health | 5% or greater indirect ownership interest | 100 | 2019-02 | |
| Kentuckyone Health Inc | 5% or greater indirect ownership interest | 100 | 2012-01 | |
| Saint Joseph Health System Inc | 5% or greater direct ownership interest | 100 | 2012-01 | |
| Adeline Fehribach | corporate director | 2022-01 | ||
| Christy Spitser | corporate officer | 2022-01 | ||
| Christy Spitser | w-2 managing employee | 2022-01 | ||
| Daniel Morissette | corporate officer | 2019-02 | ||
| Daniel Morissette | other | 2023-09 | ||
| Daniel Rodrigue | corporate director | 2022-01 | ||
| Daryl Love | corporate director | 2025-07 | ||
| Donald Hearne | corporate officer | 2025-07 | ||
| Granetta Blevins | corporate director | 2025-07 | ||
| Jane Chiles | corporate director | 2022-01 | ||
| Kim Potter-Blair | corporate director | 2022-01 | ||
| Martha Jones | corporate director | 2022-01 | ||
| Mary-Alicha Weldon | corporate director | 2022-01 | ||
| Matthew Brown | corporate officer | 2025-07 | ||
| Matthew Brown | corporate director | 2025-07 | ||
| Matthew Grimshaw | corporate director | 2025-07 | ||
| Melissa Murphy | corporate director | 2022-01 | ||
| Monica Kennison | corporate director | 2025-07 | ||
| Terika Mbanu | corporate director | 2025-07 | ||
| Thomas Kopfensteiner | corporate director | 2025-07 | ||
| Winston Griffin | corporate director | 2022-01 |
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 |