Continuing Care Hospital
Lexington, Fayette County, KY
· CCN 182002
Licensed to Continuing Care Hospital Inc
Composite
23.2
rank score
Distress
0
FY2024
Fit
58
vs thesis
Estimated ticket
$6.9M–$27.6M
23 beds ·
within envelope
Ownership
nonprofit
LTCH
Why it ranks here
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- very small facility
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $15.6M |
| Operating margin | 18.7% |
| Total margin | 18.8% |
| Days cash on hand | 322 |
| Current ratio | 3.32 |
| Occupancy | 80% |
Facility
| Beds | 23 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $300K |
| Per-bed (high) | $1.2M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 23 | $12.5M | $515K | 0.3% | 4.0% | 240 | 2.24 | 86% | 247 | 7 |
| 2022 | 23 | $14.9M | $1.7M | 9.6% | 11.4% | 240 | 3.38 | 88% | 244 | 0 |
| 2023 | 23 | $12.8M | $507K | 1.9% | 3.9% | 234 | 2.35 | 77% | 255 | 7 |
| 2024 | 23 | $15.6M | $2.9M | 18.7% | 18.8% | 322 | 3.32 | 80% | 243 | 0 |
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 | 1998-09 | |
| Adeline Fehribach | corporate director | 2022-01 | ||
| Anthony Houston | corporate director | 2022-01 | ||
| Christy Spitser | corporate officer | 2020-01 | ||
| Daniel Rodrigue | corporate director | 2022-01 | ||
| David Hicks | corporate director | 2022-01 | ||
| Jane Burkes | corporate director | 2012-01 | ||
| Jane Chiles | corporate director | 2012-01 | ||
| Kim Potter-Blair | corporate director | 2022-01 | ||
| Larry Schumacher | corporate director | 2022-01 | ||
| Martha Jones | corporate director | 2013-07 | ||
| Marvin O'quinn | operational/managerial control | 2022-08 | ||
| Mary-Alicha Weldon | corporate director | 2022-01 | ||
| Melissa Murphy | corporate director | 2022-01 | ||
| Michael Ades | corporate director | 2012-01 | ||
| Robert Desotelle | corporate officer | 2018-08 | ||
| Robert Desotelle | w-2 managing employee | 2018-08 | ||
| Robert Hewett | corporate director | 2012-01 | ||
| Shelley Stanko | corporate director | 2022-01 | ||
| 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.