Pike County Memorial Hospital
Louisiana, Pike County, MO
· CCN 261333
Licensed to Pike County Memorial Hospital
Composite
52.7
rank score
Distress
78
FY2024
Fit
44
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $20.2M |
| Operating margin | -25.5% |
| Total margin | -9.2% |
| Days cash on hand | 0 |
| Current ratio | 1.94 |
| Occupancy | 16% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $59.5K |
| Per-bed (high) | $119K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $15.6M | $3.0M | -37.8% | 12.4% | 41 | 2.23 | 14% | 149 | 53 |
| 2022 | 25 | $19.0M | $754K | -18.2% | 3.2% | 74 | 2.58 | 17% | 165 | 47 |
| 2023 | 25 | $20.9M | $217K | -16.7% | 0.9% | 39 | 3.13 | 20% | 212 | 57 |
| 2024 | 25 | $20.2M | $-2.1M | -25.5% | -9.2% | 0 | 1.94 | 16% | 188 | 78 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Larry Chamberlain | corporate director | 20 | 2016-04 | |
| Allen Lockard | w-2 managing employee | 2005-08 | ||
| Kevin Keely | corporate officer | 2013-04 | ||
| Margaret Goodin | corporate officer | 2013-04 | ||
| Robert Mustell | w-2 managing employee | 2005-08 | ||
| Tylie Mills | corporate officer | 2018-08 | ||
| Tylie Mills | corporate director | 2018-07 |
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 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 |