Pratt Regional Medical Center
Pratt, Pratt County, KS
· CCN 170027
Licensed to Pratt Regional Medical Center Corporation
Composite
51.2
rank score
Distress
73
FY2023
Fit
46
vs thesis
Estimated ticket
$2.5M–$4.9M
35 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 under 1.5
- occupancy below 30%
- margin deteriorating
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $53.6M |
| Operating margin | -12.5% |
| Total margin | -5.0% |
| Days cash on hand | 2 |
| Current ratio | 1.25 |
| Occupancy | 29% |
Facility
| Beds | 35 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 35 | $43.0M | $-453K | -22.4% | -0.9% | 69 | 1.05 | 29% | 1,216 | 58 |
| 2021 | 35 | $42.0M | $951K | -26.3% | 1.8% | 18 | 0.78 | 31% | 861 | 72 |
| 2022 | 35 | $49.7M | $-3.1M | -17.7% | -5.6% | 6 | 1.32 | 34% | 1,312 | 71 |
| 2023 | 35 | $53.6M | $-2.9M | -12.5% | -5.0% | 2 | 1.25 | 29% | 1,459 | 73 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Becca Flowers | corporate director | 2012-01 | ||
| Dakota Holtgrieve | corporate director | 2021-01 | ||
| Donna Mceachern | corporate director | 2025-01 | ||
| Gary Barker | corporate director | 2004-07 | ||
| Jeanette Siemens | corporate director | 2004-07 | ||
| John Fowler | corporate director | 2009-08 | ||
| Josh Nicolay | corporate director | 2023-04 | ||
| Luis Espinoza | corporate director | 2024-01 | ||
| Nicole Griffith | w-2 managing employee | 2021-08 | ||
| Scott Gordon | corporate director | 2022-01 | ||
| Shelly Little | corporate director | 2024-06 | ||
| Suzanne Moore | corporate director | 2021-01 | ||
| Tammy Smith | corporate officer | 2022-07 | ||
| Tonya Powell | corporate officer | 2024-11 | ||
| Tonya Powell | corporate director | 2024-11 | ||
| William Keller | corporate director | 2004-07 |
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 |