The Medical Center Of Albany
dba The Medical Center At Albany ·
Albany, Clinton County, KY
· CCN 181333
Licensed to Bowling Green-Warren County Community Hospital Corporation
Already transacted. CMS recorded an ownership change effective
2024-04-01. Confirm the current owner before spending a call on this.
Composite
12.8
rank score
Distress
41
FY2024
Fit
45
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 30-45%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
- changed ownership 2024-04-01 — likely already transacted
Latest financials · FY2024
| Net patient revenue | $13.3M |
| Operating margin | 21.4% |
| Total margin | 23.4% |
| Days cash on hand | 23 |
| Current ratio | -8.49 |
| Occupancy | 35% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 25 | $13.3M | $3.2M | 21.4% | 23.4% | 23 | -8.49 | 35% | 283 | 41 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Commonwealth Health Corporation, Inc. | 5% or greater direct ownership interest | 100 | 2024-04 | |
| Cathy Bishop | corporate director | 2000-01 | ||
| Commonwealth Health Corporation, Inc. | operational/managerial control | 2024-04 | ||
| Connie Smith | corporate officer | 2010-11 | ||
| Connie Smith | w-2 managing employee | 2010-11 | ||
| David Gray | corporate officer | 2020-08 | ||
| David Gray | w-2 managing employee | 2020-08 | ||
| Donna Blackburn | corporate director | 2024-01 | ||
| Douglas Thomson | corporate director | 2014-01 | ||
| Eli Jackson | corporate director | 2000-01 | ||
| Jackie Pope-Tarrence | corporate director | 2018-02 | ||
| Janet Johnson | corporate director | 2005-03 | ||
| Joe Natcher | corporate director | 1992-01 | ||
| Katrina Wood | corporate officer | 2023-05 | ||
| Katrina Wood | w-2 managing employee | 2023-05 | ||
| Michele Lawless | corporate officer | 2020-08 | ||
| Michele Lawless | w-2 managing employee | 2020-08 | ||
| Mohammed Kazimuddin | corporate director | 2015-01 | ||
| Paul Cook | corporate director | 1982-01 | ||
| Thomas Loving | corporate director | 2014-01 | ||
| Wade Stone | corporate officer | 2012-11 | ||
| Wade Stone | w-2 managing employee | 2012-11 | ||
| William Borders | w-2 managing employee | 2023-12 | ||
| William Moss | corporate director | 2022-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-04-01 | change of ownership | Bowling Green-Warren County... | The Medical Center At Clinton... |
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 |