Hutchinson Regional Medical Center
Hutchinson, Reno County, KS
· CCN 170020
Licensed to Hutchinson Regional Medical Center Inc
Composite
57.4
rank score
Distress
83
FY2024
Fit
50
vs thesis
Estimated ticket
$9.9M–$19.9M
142 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $152M |
| Operating margin | -21.5% |
| Total margin | -7.9% |
| Days cash on hand | 11 |
| Current ratio | 0.65 |
| Occupancy | 36% |
Facility
| Beds | 142 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 147 | $135M | $23.2M | -9.6% | 13.6% | 62 | 3.04 | 26% | 4,326 | 41 |
| 2022 | 147 | $147M | $-27.4M | -17.0% | -17.1% | 29 | 2.45 | 31% | 4,106 | 72 |
| 2023 | 147 | $132M | $-20.4M | -52.1% | -11.3% | 15 | 2.37 | 35% | 4,595 | 72 |
| 2024 | 142 | $152M | $-13.6M | -21.5% | -7.9% | 11 | 0.65 | 36% | 4,595 | 83 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Allen Fee | corporate director | 2010-09 | ||
| Benjamin Anderson | corporate officer | 2024-01 | ||
| Benjamin Anderson | corporate director | 2024-01 | ||
| Benjamin Anderson | w-2 managing employee | 2024-01 | ||
| Cameron Meyer | corporate director | 2025-09 | ||
| Dan Springer | corporate director | 2025-08 | ||
| Gretchen Irwin | corporate director | 2025-08 | ||
| Humayun Ashraf | corporate director | 2025-08 | ||
| James Schlickau | corporate director | 2022-07 | ||
| Keith Hughes | corporate director | 2010-09 | ||
| Michael Hagley | corporate director | 2015-07 | ||
| Moh'd Al-Halawani | corporate director | 2023-07 | ||
| Randy Johnston | corporate director | 2025-08 | ||
| Rex Degner | corporate director | 2009-09 | ||
| Richard Staab | corporate officer | 2019-07 | ||
| Thomas Sellers | corporate director | 2017-07 | ||
| Tricia Paramore | corporate officer | 2025-08 |
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 |