Salina Regional Health Center
Salina, Saline County, KS
· CCN 170012
Licensed to Salina Regional Health Center Inc
Composite
36.5
rank score
Distress
33
FY2023
Fit
54
vs thesis
Estimated ticket
$17.7M–$35.4M
177 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- occupancy 30-45%
- margin slipping
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $243M |
| Operating margin | -43.1% |
| Total margin | 5.6% |
| Days cash on hand | 247 |
| Current ratio | 6.10 |
| Occupancy | 42% |
Facility
| Beds | 177 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 184 | $216M | $28.4M | -34.4% | 7.4% | 287 | 5.71 | 50% | 8,161 | 30 |
| 2021 | 177 | $235M | $92.9M | -31.2% | 19.3% | 318 | 7.89 | 52% | 7,538 | 30 |
| 2022 | 177 | $227M | $-55.1M | -39.5% | -15.8% | 264 | 6.27 | 46% | 7,257 | 47 |
| 2023 | 177 | $243M | $26.1M | -43.1% | 5.6% | 247 | 6.10 | 42% | 7,033 | 33 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Amy Stonebraker | other | 2023-10 | ||
| Amy Wikoff | w-2 managing employee | 2015-03 | ||
| Brian Boyer | other | 2016-10 | ||
| Charles Oleen | other | 2015-01 | ||
| Christopher Dodson | other | 2025-01 | ||
| David Garnas | w-2 managing employee | 2026-03 | ||
| David Garnas | operational/managerial control | 2026-03 | ||
| Frank Hampton | other | 2024-09 | ||
| Gary Williams | other | 2020-10 | ||
| Jeremiah Ostmeyer | w-2 managing employee | 2012-01 | ||
| Jeremiah Ostmeyer | other | 2025-01 | ||
| Joe Tallon | corporate officer | 2008-11 | ||
| Joel Phelps | corporate officer | 2007-10 | ||
| Joel Phelps | w-2 managing employee | 2007-10 | ||
| Joel Phelps | other | 2007-10 | ||
| Julie Beswick | other | 2021-10 | ||
| Kevin Quinley | other | 2025-12 | ||
| Larry Fief | other | 2022-10 | ||
| Mark Ritter | other | 2017-10 | ||
| Michael Wegner | other | 2023-03 | ||
| Philip Gilliland | other | 2020-10 | ||
| Robert Freelove | corporate officer | 2019-07 | ||
| Robert Heath | other | 2015-01 | ||
| Stacy Clark | other | 2022-10 |
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 KS
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 |
|---|---|---|---|---|
| 2024-09-01 | Mercy Hospital Pittsburg Inc | Ascension Via Christi Hospital... | Via Christi Hospital Pittsburg Inc. | 64 |
| 2023-08-26 | South Central Kansas Regional... | South Central Kansas Regional... | South Central Ks Regional Medical Ct | — |
| 2023-01-01 | Stormont Vail Health Flint Hills Llc | Geary County Hospital | Stormont Vail - Flint Hills | 43 |
| 2022-05-01 | Commonspirit Kansas Inc | Dodge City Healthcare Group Llc | St. Catherine Hospital - Dodge City | 99 |
| 2020-01-26 | Mercy Specialty Hospital Southeast Kansas | City Of Galena-Kansas | Mercy Specialty Hospital - Southeast | 26 |
| 2019-05-01 | Adventhealth Ransom Memorial Inc | Ransom Memorial Hospital | Adventhealth Ottawa | 36 |
| 2018-08-01 | Ukhs Great Bend Llc | Great Bend Regional Hospital Llc | Ukhs Great Bend Campus | 29 |