Julian F Keith - Adatc
dba Jfk Adatc ·
Black Mountain, Buncombe County, NC
· CCN 344023
Licensed to Julian F Keith Alcohol And Drug Abuse Treatment Center
Composite
34.5
rank score
Distress
10
FY2024
Fit
75
vs thesis
Estimated ticket
$22.0M–$88.0M
80 beds ·
within envelope
Ownership
government
PH
Why it ranks here
- total margin under 2%
- current ratio under 1.5
- occupancy 45-60%
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size somewhat below the envelope
- moderate occupancy
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $36.3M |
| Operating margin | 3.6% |
| Total margin | 0.3% |
| Days cash on hand | — |
| Current ratio | 1.14 |
| Occupancy | 54% |
Facility
| Beds | 80 |
| Facility type | PH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $275K |
| Per-bed (high) | $1.1M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 80 | $15.8M | $-1 | -32.8% | -0.0% | — | 1.53 | 56% | 1,815 | 49 |
| 2022 | 80 | $25.1M | — | -17.6% | — | — | 1.54 | 46% | 1,187 | 49 |
| 2023 | 80 | $34.4M | $3.8M | 11.1% | 11.1% | — | 1.32 | 49% | 1,253 | 7 |
| 2024 | 80 | $36.3M | $110K | 3.6% | 0.3% | — | 1.14 | 54% | 1,461 | 10 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Julian F Keith Alcohol And Drug Abuse Treatment Center | 5% or greater direct ownership interest | 100 | 2010-07 | |
| Karen Burkes | corporate director | 100 | 2021-01 | |
| Laketha Miller | corporate officer | 2005-10 | ||
| Laketha Miller | w-2 managing employee | 2005-10 | ||
| Shannida Letellier-Ramsey | corporate officer | 2024-11 |
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 |
|---|---|---|---|---|
| 2024-10-01 | Iredell Memorial Hospital Incorporated | Statesville Hma Llc | Davis Regional Medical Center | 17 |