Susan B. Allen Memorial Hospital
dba Susan B Allen Memorial Hospital ·
El Dorado, Butler County, KS
· CCN 170017
Licensed to Susan B Allen Memorial Hospital
Composite
51.4
rank score
Distress
67
FY2023
Fit
53
vs thesis
Estimated ticket
$8.5M–$34.0M
20 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin negative
- under 30 days cash on hand
- occupancy 30-45%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- very small facility
- small ticket — deploys little of the available capital
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $31.3M |
| Operating margin | -22.1% |
| Total margin | -2.3% |
| Days cash on hand | 10 |
| Current ratio | 2.08 |
| Occupancy | 31% |
Facility
| Beds | 20 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 20 | $31.1M | $4.0M | -22.6% | 9.5% | 73 | 1.42 | 62% | 1,028 | 41 |
| 2021 | 20 | $34.8M | $1.4M | -8.9% | 3.5% | 48 | 1.84 | 49% | 916 | 41 |
| 2022 | 20 | $32.6M | $-5.2M | -18.5% | -15.7% | 8 | 1.80 | 46% | 1,018 | 69 |
| 2023 | 20 | $31.3M | $-849K | -22.1% | -2.3% | 10 | 2.08 | 31% | 737 | 67 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Leonard Hernandez | corporate officer | 5 | 2020-09 | |
| Leonard Hernandez | w-2 managing employee | 5 | 2020-09 | |
| Leonard Hernandez | operational/managerial control | 5 | 2020-09 | |
| Erin Burden | corporate director | 2024-02 | ||
| Erin Burden | w-2 managing employee | 2024-02 | ||
| Michael Massey | corporate director | 2024-02 | ||
| Michael Massey | w-2 managing employee | 2024-02 | ||
| Michael Massey | operational/managerial control | 2024-02 |
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 |