Kindred Hospital Louisville
Louisville, Jefferson County, KY
· CCN 182001
Licensed to Kindred Hospitals Limited Partnership
Composite
68.7
rank score
Distress
86
FY2024
Fit
75
vs thesis
Estimated ticket
$32.1M–$129M
153 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy 45-60%
- margin deteriorating
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $64.2M |
| Operating margin | -14.1% |
| Total margin | -5.2% |
| Days cash on hand | 0 |
| Current ratio | 0.44 |
| Occupancy | 47% |
Facility
| Beds | 153 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $210K |
| Per-bed (high) | $840K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 153 | $67.8M | $-1.9M | -3.0% | -2.8% | 0 | 0.96 | 58% | 1,118 | 68 |
| 2022 | 153 | $70.8M | $-5.7M | -15.8% | -7.5% | 0 | 0.41 | 56% | 846 | 89 |
| 2023 | 153 | $65.1M | $-7.9M | -22.6% | -11.0% | 0 | 0.50 | 52% | 755 | 93 |
| 2024 | 153 | $64.2M | $-3.6M | -14.1% | -5.2% | 0 | 0.44 | 47% | 685 | 86 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Kentucky Hospital Holdings Jv Lp | 5% or greater indirect ownership interest | 100 | 2018-07 | |
| Kentucky Hospital Holdings Llc | 5% or greater indirect ownership interest | 100 | 2018-07 | |
| Kentucky Hospital Intermediate Llc | 5% or greater indirect ownership interest | 100 | 2018-07 | |
| Kindred Healthcare Llc | 5% or greater indirect ownership interest | 100 | 1998-03 | |
| Kindred Healthcare Operating Llc | 5% or greater direct ownership interest | 100 | 1998-02 | |
| Knight Health Holdings Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Knight Health Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Knight Intermediate Holdings Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Kindred Hospitals West Llc | limited partnership interest | 98 | 1998-03 | |
| Kindred Hospitals West Llc | general partnership interest | 1 | 1998-03 | |
| Kindred Nursing Centers Limited Partnership | general partnership interest | 1 | 1998-02 | |
| Dana Rock | corporate officer | 2024-12 | ||
| Deanna Schiavone | corporate officer | 2022-08 | ||
| Johnetta Traylor | corporate officer | 2024-12 | ||
| Linn Billingsley | corporate officer | 2026-02 | ||
| Michael Bean | corporate officer | 2004-12 | ||
| Scott Graeser | corporate officer | 2022-06 | ||
| Timothy Phoenix | operational/managerial control | 2021-06 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.