Lifebrite Comm Hosp Of Stokes
dba Lifebrite Community Hospital Of Stokes ·
Danbury, NC
· CCN 341317
Licensed to Lifebrite Hospital Group Of Stokes Llc
Composite
49.1
rank score
Distress
62
FY2023
Fit
53
vs thesis
Estimated ticket
$1.8M–$3.6M
25 beds ·
within envelope
Ownership
for-profit
CAH
Why it ranks here
- operating margin negative
- under 30 days cash on hand
- current ratio under 1.5
- debt above 85% of assets
- occupancy below 30%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $14.4M |
| Operating margin | -0.4% |
| Total margin | 4.8% |
| Days cash on hand | 0 |
| Current ratio | 1.26 |
| Occupancy | 13% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $72.2K |
| Per-bed (high) | $144K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $11.6M | $4.8M | -8.8% | 27.4% | 33 | 0.75 | 19% | 146 | 72 |
| 2021 | 25 | $16.3M | $2.5M | 15.2% | 15.2% | 0 | 8.01 | 18% | 151 | 31 |
| 2022 | 25 | $14.2M | $1.1M | 5.3% | 7.4% | 0 | 1.19 | 16% | 128 | 46 |
| 2023 | 25 | $14.4M | $720K | -0.4% | 4.8% | 0 | 1.26 | 13% | 138 | 62 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Christian Fletcher | 5% or greater indirect ownership interest | 100 | 2017-01 | |
| Lifebrite Hospital Group Llc | 5% or greater direct ownership interest | 100 | 2017-01 | |
| Fletcher 2018 Family Trust | 5% or greater indirect ownership interest | 49 | 2018-12 | |
| Amber Dominique Fletcher 2018 Trust | 5% or greater indirect ownership interest | 5 | 2018-12 | |
| Amber Fletcher | corporate officer | 2017-01 | ||
| Amber Fletcher | operational/managerial control | 2017-01 | ||
| Christian Fletcher | corporate officer | 2017-01 | ||
| Christian Fletcher | operational/managerial control | 2017-01 | ||
| Lifebrite Laboratories, Llc | 5% or greater indirect ownership interest | 2017-01 | ||
| Pamela Tillman | w-2 managing employee | 2017-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2017-01-31 | change of ownership | Lifebrite Hospital Group Of Stokes Llc | Pioneer Health Services Of... |
Who has been buying in NC
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 |
|---|---|---|---|---|
| 2024-10-01 | Fletcher Hospital Inc | St. Luke's Hospital Inc | St Lukes Hospital | 25 |
| 2020-10-01 | Centennial Housing & Community... | Cah Acquisition Company 1 Llc | Cah #1 - Washington | 25 |
| 2019-02-01 | Mh Angel Medical Center, Lllp | Angel Medical Center Inc | Mh Angel Medical Center Lllp | 30 |
| 2019-02-01 | Mh Transylvania Regional Hospital, Lllp | Transylvania Community Hospital Inc | Transylvania Community Hospital | 25 |
| 2019-02-01 | Mh Blue Ridge Medical Center, Lllp | Blue Ridge Regional Hospital, Inc. | Blue Ridge Regional Hospital | 25 |
| 2019-02-01 | Mh Highlands-Cashiers Medical Center, Lllp | Highlands-Cashiers Hospital Inc | Highlands Cashiers Hospital | 24 |
| 2017-01-31 | Lifebrite Hospital Group Of Stokes Llc | Pioneer Health Services Of Stokes... | Lifebrite Comm Hosp Of Stokes | 25 |