Carroll County Hospital
dba Carroll County Memorial Hospital ·
Carrollton, Carroll County, MO
· CCN 261332
Licensed to Carroll County Memorial Hospital
Composite
34.5
rank score
Distress
41
FY2024
Fit
40
vs thesis
Estimated ticket
$1.8M–$3.6M
21 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- 60-90 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- very small facility
- 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 | $42.7M |
| Operating margin | -4.2% |
| Total margin | 2.1% |
| Days cash on hand | 71 |
| Current ratio | 2.92 |
| Occupancy | 15% |
Facility
| Beds | 21 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 21 | $34.5M | $3.9M | -10.9% | 9.2% | 141 | 4.74 | 20% | 308 | 41 |
| 2022 | 21 | $38.8M | $1.7M | 0.0% | 4.2% | 115 | 4.22 | 20% | 292 | 20 |
| 2023 | 21 | $37.3M | $-1.2M | -9.5% | -3.1% | 95 | 4.07 | 20% | 253 | 48 |
| 2024 | 21 | $42.7M | $957K | -4.2% | 2.1% | 71 | 2.92 | 15% | 178 | 41 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Anna Barlow | corporate officer | 2021-01 | ||
| Charles Riley | corporate director | 2025-10 | ||
| Charles Riley | w-2 managing employee | 2025-10 | ||
| Charles Riley | operational/managerial control | 2025-10 | ||
| George Burkhart | corporate officer | 2025-10 | ||
| Janice Burnside | corporate officer | 2025-10 | ||
| Jennifer Link | corporate officer | 2025-10 | ||
| Jennifer Poston | corporate officer | 2021-01 | ||
| Kenneth Brown | corporate officer | 2025-10 | ||
| Matthew Lock | corporate officer | 2021-01 | ||
| Michael Schubach | corporate director | 2025-10 | ||
| Michael Schubach | w-2 managing employee | 2025-10 | ||
| Michael Schubach | operational/managerial control | 2025-10 | ||
| Timothy Reid | corporate officer | 2021-01 | ||
| Tracey Woodward | corporate officer | 2025-10 | ||
| Wade Mertensmeyer | corporate officer | 2021-01 |
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 MO
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 |
|---|---|---|---|---|
| 2023-10-01 | Mercy Hospital Perry | Perry County Health System | Perry County Memorial Hospital | 25 |