Providence Medical Center
Kansas City, Wyandotte County, KS
· CCN 170146
Licensed to Prime Healthcare Services-Providence, Llc
Composite
72.8
rank score
Distress
97
FY2023
Fit
73
vs thesis
Estimated ticket
$61.6M–$246M
176 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy 30-45%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $105M |
| Operating margin | -10.9% |
| Total margin | -10.3% |
| Days cash on hand | 5 |
| Current ratio | -2.32 |
| Occupancy | 33% |
Facility
| Beds | 176 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 176 | $109M | $7.0M | -9.4% | 5.5% | 14 | 2.59 | 42% | 6,316 | 58 |
| 2021 | 176 | $111M | $1.5M | -7.1% | 1.2% | 7 | 2.57 | 42% | 5,694 | 58 |
| 2022 | 176 | $108M | $-14.4M | -15.3% | -13.1% | 7 | 0.65 | 38% | 5,685 | 93 |
| 2023 | 176 | $105M | $-10.9M | -10.9% | -10.3% | 5 | -2.32 | 33% | 5,241 | 97 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Prime Healthcare Services, Inc | 5% or greater direct ownership interest | 100 | 2013-01 | |
| Prime Healthcare Services, Inc | operational/managerial control | 100 | 2013-04 | |
| Christopher Doan | corporate officer | 2017-07 | ||
| David Dulny | corporate officer | 2013-04 | ||
| David Dulny | w-2 managing employee | 2013-04 | ||
| David Dulny | operational/managerial control | 2013-04 | ||
| Karen Orr | corporate officer | 2018-07 | ||
| Karen Orr | corporate director | 2018-07 | ||
| Karen Orr | w-2 managing employee | 2018-07 | ||
| Steven Aleman | other | 2020-06 |
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 |