Market Analysis — KINDRED HOSPITAL LOUISVILLE
KY market | 6 hospitals | HHI: 6,226 (Concentrated)
🛡️ Public data only — no PHI permitted on this instance.
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6
Hospitals in Market
2,308
Total Beds
$3.4B
Market Revenue
Concentrated
HHI: 6,226
None
Moat Rating (1/10)
#3
Market Share Rank
Competitive Moat (Mauboussin Framework)
Based on "Measuring the Moat" adapted for healthcare. Score 0-10: wide (8+), narrow (5-7), none (<5).
Scale Advantageweak
Switching Costsmoderate
Market Share1.9%
Top 3 Concentration98.2%
Network Density0.26
Margin vs Market-7.0%
Bed Util vs Market-9.6%
What This Means
This hospital has a none moat — no moat — commoditized market position, pricing power limited. The KY market is highly concentrated — few dominant players, potential antitrust concerns (HHI: 6,226).
Implications: Operational improvements are the primary value driver — see the EBITDA bridge. Compare against peers via comparables or see the full KY market.
Top Competitors
| Hospital | Beds | Revenue | Rev Share | Bed Share |
|---|---|---|---|---|
| NORTON HOSPITALS INC | 1479 | $2,590M | 76.3% | 64.1% |
| BAPTIST HEALTH LOUISVILLE | 454 | $677M | 20.0% | 19.7% |
| THE BROOK - DUPONT | 88 | $30M | 0.9% | 3.8% |
| TEN BROECK HOSPITAL - KMI | 64 | $27M | 0.8% | 2.8% |
| CENTRAL STATE HOSPITAL | 70 | $5M | 0.1% | 3.0% |
Regional Payer Mix
■ Medicare 15%■ Medicaid 3%■ Commercial 82%