Western State Hospital
Hopkinsville, Christian County, KY
· CCN 184002
Licensed to Commonwealth Of Kentucky
Composite
55.6
rank score
Distress
53
FY2024
Fit
79
vs thesis
Estimated ticket
$38.1M–$152M
163 beds ·
within envelope
Ownership
government
PH
Why it ranks here
- operating margin below -10%
- total margin under 2%
- margin slipping
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $21.0M |
| Operating margin | -244.4% |
| Total margin | 0.8% |
| Days cash on hand | — |
| Current ratio | — |
| Occupancy | 88% |
Facility
| Beds | 163 |
| Facility type | PH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $234K |
| Per-bed (high) | $935K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 160 | $26.9M | $1.2M | -101.1% | 2.2% | — | — | 70% | 1,174 | 52 |
| 2022 | 163 | $27.3M | $998K | -114.1% | 1.7% | — | — | 71% | 1,358 | 58 |
| 2023 | 163 | $28.8M | $8.4M | -135.9% | 11.0% | — | — | 88% | 1,532 | 52 |
| 2024 | 163 | $21.0M | $583K | -244.4% | 0.8% | — | — | 88% | 1,327 | 53 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Commonwealth Of Kentucky | other | 100 | 1954-01 | |
| Barbie Johnson | w-2 managing employee | 2023-01 | ||
| Dominic English | operational/managerial control | 2023-02 | ||
| Jennifer Moore | w-2 managing employee | 2015-05 | ||
| Katrice Maddox | w-2 managing employee | 2015-06 | ||
| Rebecca Frost | operational/managerial control | 2023-02 | ||
| Stephanie Craycraft | corporate director | 2014-09 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.
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 |
|---|---|---|---|---|
| 2018-02-20 | Northern Kentucky Behavioral Llc | Northern Kentucky Mental Health... | Sun Behavioral Health - Kentucky | 197 |