Fleming County Hospital
Flemingsburg, Fleming County, KY · CCN 181332
Composite
33.8
rank score
Distress
28
FY2024
Fit
53
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
for-profit
CAH
Why it ranks here
- under 30 days cash on hand
- occupancy 45-60%
- margin deteriorating
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $22.7M |
| Operating margin | 14.5% |
| Total margin | 15.7% |
| Days cash on hand | 0 |
| Current ratio | 3.17 |
| Occupancy | 50% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | for-profit |
| 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 | $13.5M | $2.1M | 13.4% | 15.2% | 0 | 0.31 | 31% | 354 | 41 |
| 2021 | 25 | $22.2M | $4.1M | 16.2% | 18.0% | 0 | -0.11 | 32% | 416 | 41 |
| 2022 | 25 | $18.4M | $695K | 0.6% | 3.7% | 0 | 0.05 | 34% | 354 | 48 |
| 2023 | 25 | $20.8M | $4.9M | 6.0% | 20.1% | 0 | 2.14 | 34% | 440 | 28 |
| 2024 | 25 | $22.7M | $3.6M | 14.5% | 15.7% | 0 | 3.17 | 50% | 561 | 28 |
Owners
No ownership records — CMS has no owner filings mapped to this CCN.
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 |