Asheville Specialty Hospital Llc
Asheville, Buncombe County, NC · CCN 342017
Composite
64.4
rank score
Distress
80
FY2023
Fit
71
vs thesis
Estimated ticket
$7.1M–$28.6M
34 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- liabilities exceed assets
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- small but workable bed count
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $12.5M |
| Operating margin | -46.2% |
| Total margin | -46.2% |
| Days cash on hand | 0 |
| Current ratio | 2.76 |
| Occupancy | 71% |
Facility
| Beds | 34 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $210K |
| Per-bed (high) | $840K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 34 | $14.5M | $542K | 3.5% | 3.7% | 6 | 1.27 | 68% | 288 | 37 |
| 2021 | 34 | $14.2M | $-1.6M | -9.1% | -11.4% | 0 | 3.40 | 72% | 296 | 72 |
| 2022 | 34 | $14.4M | $-4.7M | -32.9% | -32.8% | 0 | 2.72 | 77% | 323 | 78 |
| 2023 | 34 | $12.5M | $-5.8M | -46.2% | -46.2% | 0 | 2.76 | 71% | 305 | 80 |
Owners
No ownership records — CMS has no owner filings mapped to this CCN.
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 |