First Hospital Hopkinsville
dba Cumberland Hall Hospital ·
Hopkinsville, Christian County, KY
· CCN 184014
Licensed to Abs Lincs Ky, Llc.
Composite
52.9
rank score
Distress
44
FY2023
Fit
78
vs thesis
Estimated ticket
$26.7M–$107M
97 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 45-60%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size somewhat below the envelope
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $20.4M |
| Operating margin | 15.9% |
| Total margin | 15.9% |
| Days cash on hand | 0 |
| Current ratio | -0.11 |
| Occupancy | 46% |
Facility
| Beds | 97 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $275K |
| Per-bed (high) | $1.1M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 97 | $18.4M | $5.0M | 23.9% | 26.4% | 0 | -0.15 | 61% | 1,507 | 36 |
| 2021 | 97 | $22.5M | $7.2M | 31.8% | 31.9% | 0 | -0.13 | 51% | 1,447 | 38 |
| 2022 | 97 | $21.1M | $5.2M | 24.6% | 24.6% | 0 | -0.15 | 51% | 1,599 | 38 |
| 2023 | 97 | $20.4M | $3.2M | 15.9% | 15.9% | 0 | -0.11 | 46% | 2,153 | 44 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Alternative Behavioral Services, Inc. | 5% or greater direct ownership interest | 100 | 2006-08 | |
| Katharine Lyver | corporate officer | 100 | 2024-01 | |
| Psychiatric Solutions, Inc. | 5% or greater indirect ownership interest | 100 | 2006-12 | |
| Uhs Of Delaware Inc | operational/managerial control | 100 | 2010-11 | chain |
| Universal Health Services Inc | 5% or greater indirect ownership interest | 100 | 2010-11 | |
| Alan Miller | 5% or greater indirect ownership interest | 87 | 2023-03 | |
| Bryan Webb | contracted managing employee | 2025-03 | ||
| Bryan Webb | corporate officer | 2025-03 | ||
| Cheryl Ramagano | corporate officer | 2010-11 | ||
| George Brunner | corporate officer | 2010-11 | ||
| James Coleman | contracted managing employee | 2010-11 | ||
| Jessica Latham | contracted managing employee | 2023-01 | ||
| Jessica Latham | corporate officer | 2023-01 | ||
| Matthew Klein | corporate officer | 2010-11 | ||
| Matthew Peterson | corporate officer | 2019-09 | ||
| Matthew Peterson | corporate director | 2019-09 | ||
| Matthew Peterson | operational/managerial control | 2019-09 | ||
| Steve Filton | corporate officer | 2010-11 | ||
| Steve Filton | corporate director | 2010-11 | ||
| Steve Filton | operational/managerial control | 2010-11 | ||
| Thomas Day | corporate officer | 2021-07 | ||
| Thomas Day | corporate director | 2021-07 |
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 |