Russell County Hospital
dba Russell County, Kentucky Hospital District Health Facility Corporation ·
Russell Springs, Russell County, KY
· CCN 181330
Licensed to Russell County Hospital
Composite
18.8
rank score
Distress
8
FY2024
Fit
38
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- 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 · FY2024
| Net patient revenue | $41.6M |
| Operating margin | 4.7% |
| Total margin | 20.0% |
| Days cash on hand | 206 |
| Current ratio | 5.08 |
| Occupancy | 26% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $25.3M | $1.5M | -17.9% | 4.7% | 129 | 2.40 | 22% | 400 | 41 |
| 2022 | 25 | $29.6M | $842K | -15.6% | 2.4% | 123 | 4.11 | 23% | 377 | 41 |
| 2023 | 25 | $33.3M | $5.1M | -5.6% | 12.7% | 157 | 4.40 | 26% | 405 | 31 |
| 2024 | 25 | $41.6M | $9.9M | 4.7% | 20.0% | 206 | 5.08 | 26% | 431 | 8 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Neal Dalton | operational/managerial control | 2015-01 | ||
| Nequila Norris | corporate director | 2023-10 | ||
| Winfrey Bates | corporate director | 2019-01 |
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 |