Southwest Medical Center
Liberal, Seward County, KS
· CCN 170068
Licensed to Southwest Medical Center
Composite
56.2
rank score
Distress
83
FY2023
Fit
47
vs thesis
Estimated ticket
$4.7M–$9.4M
67 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current liabilities exceed current assets
- 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
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $66.0M |
| Operating margin | -19.9% |
| Total margin | -18.8% |
| Days cash on hand | 7 |
| Current ratio | 0.96 |
| Occupancy | 31% |
Facility
| Beds | 67 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| 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 | 76 | $80.1M | $2.6M | 2.0% | 3.2% | 83 | 2.17 | 44% | 2,748 | 16 |
| 2021 | 71 | $73.7M | $12.6M | -4.8% | 14.0% | 84 | 5.83 | 41% | 2,512 | 31 |
| 2022 | 67 | $62.9M | $-13.3M | -22.9% | -20.8% | 37 | 4.19 | 34% | 2,211 | 67 |
| 2023 | 67 | $66.0M | $-12.5M | -19.9% | -18.8% | 7 | 0.96 | 31% | 2,171 | 83 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Amber Williams | corporate director | 2014-09 | ||
| Amber Williams | operational/managerial control | 2014-09 | ||
| Dennis Knudsen | corporate director | 2022-04 | ||
| Dennis Sander | corporate director | 2015-04 | ||
| Ivanhoe Love | corporate director | 2018-08 | ||
| John West | corporate director | 2022-04 | ||
| Jose Lara | corporate director | 2021-04 | ||
| Keeley Moree | w-2 managing employee | 2019-06 | ||
| Maria Noblejas | corporate director | 2021-04 | ||
| Mark Cowan | w-2 managing employee | 2015-05 | ||
| Sandra Cain | w-2 managing employee | 2021-05 | ||
| Tony Mckee | corporate director | 2022-04 |
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 |