dealflow
envelope $200M

← Targets

Arh Advanced Care - Big Sandy

South Williamson, Pike County, KY · CCN 182010
Licensed to Arh Advanced Care Inc

Composite
62.2
rank score
Distress
100
FY2024
Fit
43
vs thesis
Estimated ticket
$1.1M–$2.1M
25 beds · within envelope
Ownership
nonprofit
LTCH

Why it ranks here

  • operating margin below -10%
  • total margin below -8%
  • under 30 days cash on hand
  • occupancy below 30%
  • 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
  • very low occupancy — limited volume to learn from
  • nonprofit — expect AG conversion review

Latest financials · FY2024

Net patient revenue$367K
Operating margin -867.1%
Total margin -845.1%
Days cash on hand 0
Current ratio
Occupancy8%

Facility

Beds25
Facility typeLTCH
Settingrural
Ownership classnonprofit
Per-bed (low) $42.0K
Per-bed (high) $84.0K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2024 25 $367K $-3.2M -867.1% -845.1% 0 8% 42 100

Owners

OwnerRole%SinceType
Appalachian Regional Healthcare Inc
Lexington, KY
5% or greater direct ownership interest 100 2021-05
Aaron Crum corporate director 2023-01
Byron Gabbard corporate officer 2023-08
Byron Gabbard corporate director 2023-08
Hollie Harris corporate officer 2021-09
Hollie Harris corporate director 2021-09
James Maynard Ii corporate officer 2022-03
Jill Maynard corporate director 2021-12
Leon Hollon corporate officer 2023-03
Leon Hollon corporate director 2021-09
Russell Barker corporate officer 2022-03
Russell Barker w-2 managing employee 2022-03

Ownership changes

No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.