St. Catherine Hospital - Dodge City
Dodge City, Ford County, KS
· CCN 170175
Licensed to Commonspirit Kansas Inc
Composite
48.6
rank score
Distress
63
FY2024
Fit
46
vs thesis
Estimated ticket
$8.4M–$16.8M
99 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- 90-150 days cash on hand
- current ratio under 1.5
- debt above 85% of assets
- occupancy below 30%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $42.8M |
| Operating margin | -7.1% |
| Total margin | -6.6% |
| Days cash on hand | 95 |
| Current ratio | 1.24 |
| Occupancy | 11% |
Facility
| Beds | 99 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 60 | $47.3M | $8.3M | 2.8% | 15.2% | 0 | 0.98 | 24% | 1,587 | 40 |
| 2022 | 89 | $55.5M | $2.3M | 2.8% | 4.0% | 0 | 0.30 | 18% | 1,666 | 44 |
| 2023 | 89 | $50.6M | $5.8M | 11.4% | 11.5% | 15 | -0.87 | 13% | 1,982 | 44 |
| 2024 | 99 | $42.8M | $-2.9M | -7.1% | -6.6% | 95 | 1.24 | 11% | 1,457 | 63 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Commonspirit Health | 5% or greater indirect ownership interest | 100 | 2022-05 | |
| Commonspirit Mountain Region | 5% or greater direct ownership interest | 100 | 2022-04 | chain |
| Commonspirit Mountain Region | operational/managerial control | 100 | 2022-04 | chain |
| Andrew Gaasch | corporate officer | 2024-01 | ||
| Andrew Gaasch | operational/managerial control | 2022-04 | ||
| Bryan Stucky | corporate director | 2025-04 | ||
| Darrin Figgins | corporate director | 2025-04 | ||
| Fred Dierksen | corporate director | 2025-04 | ||
| Janice Thome | corporate director | 2025-04 | ||
| Jeremy Presley | corporate director | 2025-04 | ||
| Katherine Brooks | corporate officer | 2025-04 | ||
| Katherine Brooks | operational/managerial control | 2025-04 | ||
| Merrill Conant | corporate officer | 2025-04 | ||
| Mitch Melfi | corporate director | 2022-05 | ||
| P-Jay Patel | corporate director | 2025-04 | ||
| Shawna Roark | corporate officer | 2022-07 | ||
| Shawna Roark | operational/managerial control | 2022-07 | ||
| Sheri Shapiro | corporate director | 2025-04 | ||
| Tadd Richert | corporate officer | 2022-05 | ||
| Tadd Richert | operational/managerial control | 2022-05 | ||
| Twilla Lee | corporate director | 2025-04 | ||
| Vivian Fankhauser | corporate director | 2025-04 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2022-05-01 | change of ownership | Commonspirit Kansas Inc | Dodge City Healthcare Group Llc |
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 |