Central State Hospital
Louisville, Jefferson County, KY
· CCN 184015
Licensed to Commonwealth Of Kentucky
Composite
51.7
rank score
Distress
48
FY2024
Fit
75
vs thesis
Estimated ticket
$19.2M–$77.0M
70 beds ·
within envelope
Ownership
government
PH
Why it ranks here
- operating margin below -10%
- total margin under 2%
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $4.8M |
| Operating margin | -486.1% |
| Total margin | 0.1% |
| Days cash on hand | — |
| Current ratio | — |
| Occupancy | 67% |
Facility
| Beds | 70 |
| Facility type | PH |
| Setting | urban |
| Ownership class | government |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 70 | $2.6M | $-1.3M | -777.9% | -5.9% | — | — | 66% | 702 | 75 |
| 2022 | 70 | $7.6M | $953K | -199.0% | 4.0% | — | — | 68% | 690 | 52 |
| 2023 | 70 | $4.7M | $-380K | -435.9% | -1.5% | — | — | 75% | 776 | 67 |
| 2024 | 70 | $4.8M | $24.0K | -486.1% | 0.1% | — | — | 67% | 660 | 48 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Commonwealth Of Kentucky | 5% or greater direct ownership interest | 100 | 1992-06 | |
| Jennifer Moore | operational/managerial control | 2015-05 | ||
| Katrice Maddox | operational/managerial control | 2015-06 | ||
| Mathew Gayheart | corporate director | 2013-01 | ||
| Matt Mooring | corporate director | 2019-03 |
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 |