St.francis Health Center
dba The University Of Kansas Health System, St. Francis Campus ·
Topeka, Shawnee County, KS
· CCN 170016
Licensed to Topeka Hospital, Llc
Composite
61.2
rank score
Distress
71
FY2024
Fit
73
vs thesis
Estimated ticket
$64.0M–$256M
183 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- occupancy 30-45%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $290M |
| Operating margin | -12.8% |
| Total margin | -5.9% |
| Days cash on hand | 11 |
| Current ratio | 1.76 |
| Occupancy | 41% |
Facility
| Beds | 183 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 228 | $179M | $14.2M | -54.4% | 4.9% | — | — | 35% | 7,118 | 62 |
| 2022 | 228 | $268M | $28.1M | -9.4% | 8.7% | 13 | 1.46 | 39% | 7,356 | 53 |
| 2023 | 228 | $277M | $-13.2M | -13.7% | -4.4% | 11 | 2.06 | 37% | 7,257 | 68 |
| 2024 | 183 | $290M | $-18.2M | -12.8% | -5.9% | 11 | 1.76 | 41% | 7,104 | 71 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Richard Haun | w-2 managing employee | 100 | 2021-01 | |
| Topeka Health System Llc | 5% or greater direct ownership interest | 100 | 2017-11 | |
| Ahp Health Partners, Inc | 5% or greater indirect ownership interest | 70 | 2017-11 | |
| Ahs Kansas Health System Inc. | 5% or greater indirect ownership interest | 70 | 2017-11 | |
| Ardent Health Inc | 5% or greater indirect ownership interest | 70 | 2017-11 | |
| Ardent Legacy Holdings Llc | 5% or greater indirect ownership interest | 70 | 2017-11 | |
| University Of Kansas Hospital Authority | 5% or greater indirect ownership interest | 30 | 2017-11 | |
| Ahs Management Company Inc. | operational/managerial control | 2018-05 | ||
| James Grimes | corporate officer | 2021-09 | ||
| Martin Bonick | corporate officer | 2020-08 | ||
| Mary Crabtree | corporate officer | 2017-11 | ||
| Matt Maxfield | corporate officer | 2019-07 | ||
| Richard Haun | corporate officer | 2017-11 | ||
| Stephen Petrovich | corporate officer | 2017-11 |
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 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 |