dealflow
envelope $200M

← Targets

Adventhealth Shawnee Mission

Shawnee Mission, Johnson County, KS · CCN 170104
Licensed to Shawnee Mission Medical Center Inc

Composite
31.9
rank score
Distress
9
FY2023
Fit
65
vs thesis
Estimated ticket
$157M–$628M
314 beds · within envelope
Ownership
nonprofit
STH

Why it ranks here

  • operating margin under 2%
  • margin slipping
  • part of a multi-hospital chain — divestiture candidate
  • urban — higher occupancy and iteration surface
  • large — ticket likely stretches the envelope
  • ticket size well above the envelope
  • strong occupancy — good iteration surface
  • nonprofit — expect AG conversion review

Latest financials · FY2023

Net patient revenue$638M
Operating margin 1.6%
Total margin 8.2%
Days cash on hand 198
Current ratio 3.73
Occupancy62%

Facility

Beds314
Facility typeSTH
Settingurban
Ownership classnonprofit
Per-bed (low) $500K
Per-bed (high) $2.0M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 343 $498M $54.3M -1.7% 9.7% 294 3.99 59% 16,745 18
2021 343 $584M $91.7M 5.7% 14.3% 293 4.26 63% 17,173 0
2022 317 $556M $-18.1M 0.1% -3.4% 227 4.91 59% 14,785 21
2023 314 $638M $56.0M 1.6% 8.2% 198 3.73 62% 15,643 9

Owners

OwnerRole%SinceType
Adventisit Health Mid-America Inc
Shawnee Mission, KS
5% or greater direct ownership interest 100 2011-11
Adventist Health System Sunbelt Healthcare Corporation
Altamonte Springs, FL
5% or greater indirect ownership interest 100 2002-11 chain
Adventist Health System Sunbelt Inc
Altamonte Springs, FL
5% or greater indirect ownership interest 100 2002-11
Abigail Proffer corporate director 2023-12
Alan Verrill contracted managing employee 2024-02
Alan Verrill corporate officer 2023-12
Alan Verrill corporate director 2024-02
Alan Verrill operational/managerial control 2024-02
Andrew Jahn corporate director 2024-04
Barbara Cusick corporate director 2011-02
David Huffman corporate officer 2019-12
David Vandevere corporate director 2023-12
Gary Thurber corporate director 2015-09
Gregory Maddux corporate director 2006-01
Karsten Randolph corporate officer 2014-04
Karsten Randolph corporate director 2014-04
Lee Rochholz corporate director 2024-07
Lyle Pishny corporate director 2008-01
Lynn Addiscott corporate officer 2004-01
Michael Saunders corporate officer 2007-02
Paul Rathbun corporate officer 2014-09
Reagan Wittek corporate director 2019-12
Rodney Allen contracted managing employee 2025-07
Rodney Allen corporate officer 2025-07
Rodney Allen operational/managerial control 2025-07

Showing 25 of 41. Full list via /api/targets/170104.

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.

DateBuyerSellerHospitalBeds
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