Kindred Hospital Greensboro
dba Kindred Hospital-Greensboro ·
Greensboro, Guilford County, NC
· CCN 342012
Licensed to Kindred Hospitals East Llc
Composite
58.7
rank score
Distress
69
FY2024
Fit
69
vs thesis
Estimated ticket
$25.8M–$103M
101 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio under 1.5
- occupancy 30-45%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- bed count in the target band
- ticket size somewhat below the envelope
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $31.1M |
| Operating margin | -5.8% |
| Total margin | -5.4% |
| Days cash on hand | 0 |
| Current ratio | 1.10 |
| Occupancy | 32% |
Facility
| Beds | 101 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $255K |
| Per-bed (high) | $1.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 101 | $41.5M | $8.8M | 20.8% | 21.1% | 0 | 0.73 | 48% | 267 | 46 |
| 2022 | 101 | $45.4M | $7.1M | 15.4% | 15.6% | 0 | 0.65 | 53% | 308 | 38 |
| 2023 | 101 | $44.9M | $9.7M | 21.2% | 21.4% | 0 | 0.84 | 43% | 267 | 37 |
| 2024 | 101 | $31.1M | $-1.7M | -5.8% | -5.4% | 0 | 1.10 | 32% | 285 | 69 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Kentucky Hospital Holdings Jv Lp | 5% or greater indirect ownership interest | 100 | 2018-07 | |
| Kentucky Hospital Holdings Llc | 5% or greater indirect ownership interest | 100 | 2018-07 | |
| Kentucky Hospital Intermediate Llc | 5% or greater indirect ownership interest | 100 | 2018-07 | |
| Kindred Healthcare Llc | 5% or greater indirect ownership interest | 100 | 2011-10 | |
| Kindred Healthcare Operating Llc | 5% or greater direct ownership interest | 100 | 2011-10 | |
| Knight Health Holdings Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Knight Health Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Knight Intermediate Holdings Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Dana Rock | corporate officer | 2024-12 | ||
| Deanna Schiavone | corporate officer | 2022-08 | ||
| Johnetta Traylor | corporate officer | 2024-12 | ||
| Michael Bean | corporate officer | 2003-03 | ||
| Michael Moody | corporate officer | 2022-01 | ||
| Preston Bryant | operational/managerial control | 2023-03 | ||
| Richard Algood | corporate officer | 2015-07 | ||
| Richard Algood | other | 2023-01 | ||
| Scott Graeser | corporate officer | 2022-08 |
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 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 |
|---|---|---|---|---|
| 2019-09-30 | Pam Specialty Hospital Of Rocky Mount Llc | New Lifecare Hospitals Of North... | Pam Specialty Hosp. Of Rocky Mount | 50 |