Cch At Baptist Health Corbin
dba Continuecare Hospital At Baptist Health Corbin ·
Corbin, Whitley County, KY
· CCN 182006
Licensed to Continuecare Hospital At Baptist Health,llc
Composite
31.0
rank score
Distress
20
FY2024
Fit
55
vs thesis
Estimated ticket
$1.9M–$3.8M
32 beds ·
within envelope
Ownership
nonprofit
LTCH
Why it ranks here
- under 30 days cash on hand
- rural — cheaper but limited density
- LTCH — distress here is a payment-model artifact
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $13.4M |
| Operating margin | 17.9% |
| Total margin | 18.1% |
| Days cash on hand | 24 |
| Current ratio | 2.58 |
| Occupancy | 60% |
Facility
| Beds | 32 |
| Facility type | LTCH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $60.0K |
| Per-bed (high) | $120K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 32 | $11.0M | $1.3M | 8.7% | 11.6% | 218 | 1.42 | 63% | 251 | 3 |
| 2022 | 32 | $11.9M | $859K | 2.8% | 6.9% | 151 | 1.24 | 63% | 285 | 8 |
| 2023 | 32 | $13.1M | $2.1M | 7.4% | 14.9% | 38 | 1.74 | 66% | 238 | 17 |
| 2024 | 32 | $13.4M | $2.4M | 17.9% | 18.1% | 24 | 2.58 | 60% | 216 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Chc Community Care, Llc | 5% or greater direct ownership interest | 100 | 2013-12 | |
| April Myers | corporate officer | 2004-03 | ||
| Brad Hall | corporate director | 2004-03 | ||
| David Dietz | corporate officer | 2026-05 | ||
| David Dietz | w-2 managing employee | 2026-05 | ||
| Jeannie Hensley | corporate director | 2013-12 | ||
| Keith Rogers | corporate officer | 2017-06 | ||
| Keith Rogers | w-2 managing employee | 2017-06 | ||
| Mark Steeley | corporate director | 2024-11 | ||
| Michael Murray | corporate officer | 2018-02 | ||
| Roy Taylor | corporate director | 2004-03 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.