Kansas Surgery & Recovery Center
dba Kansas Surgery And Recovery Center ·
Wichita, Sedgwick County, KS
· CCN 170183
Licensed to Kansas Surgery & Recovery Center Llc
Composite
33.5
rank score
Distress
22
FY2024
Fit
59
vs thesis
Estimated ticket
$15.0M–$60.0M
30 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- 90-150 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- small but workable bed count
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $70.4M |
| Operating margin | 22.6% |
| Total margin | 23.6% |
| Days cash on hand | 139 |
| Current ratio | 5.73 |
| Occupancy | 6% |
Facility
| Beds | 30 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 32 | $52.5M | $16.5M | 24.7% | 29.4% | 182 | 6.71 | 35% | 1,953 | 6 |
| 2022 | 32 | $58.9M | $14.8M | 22.7% | 24.6% | 174 | 4.91 | 27% | 1,496 | 9 |
| 2023 | 30 | $62.8M | $14.6M | 20.0% | 22.5% | 147 | 7.61 | 8% | 439 | 13 |
| 2024 | 30 | $70.4M | $16.9M | 22.6% | 23.6% | 139 | 5.73 | 6% | 321 | 22 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ascension Via Christi Health Partners Inc | 5% or greater direct ownership interest | 58 | 2002-10 | |
| Ascension Via Christi Health Partners Inc | general partnership interest | 58 | 2002-10 | |
| Ascension Via Christi Health Partners Inc | operational/managerial control | 58 | 2002-10 | |
| Ascension Via Christi Hospitals Wichita Inc | 5% or greater indirect ownership interest | 56 | 2002-10 | |
| Kenneth Jansson | limited partnership interest | 4 | 1995-03 | |
| Bernard Hearon | limited partnership interest | 4 | 2013-11 | |
| Ely Bartal | limited partnership interest | 4 | 2002-10 | |
| Ely Bartal | corporate officer | 4 | 1996-04 | |
| Ely Bartal | corporate director | 4 | 1995-03 | |
| Ely Bartal | w-2 managing employee | 4 | 2002-10 | |
| Mary Schurman | limited partnership interest | 2 | 2002-10 | |
| Brennen Lucas | limited partnership interest | 2 | 2011-07 | |
| Alexander Bollinger | limited partnership interest | 2 | 2018-05 | |
| Paul Pappademos | limited partnership interest | 1 | 2005-12 | |
| Jeffrey Shepherd | limited partnership interest | 1 | 2017-01 | |
| Bradley Dart | limited partnership interest | 1 | 2010-02 | |
| Paul Weishaar | limited partnership interest | 1 | 2000-08 | |
| Therese Cusick | limited partnership interest | 1 | 2014-07 | |
| Christopher Anderson | limited partnership interest | 1 | 2018-05 | |
| Raman Chopra | limited partnership interest | 1 | 2013-08 | |
| Chad Corrigan | limited partnership interest | 1 | 2021-09 | |
| Bradley Bruner | limited partnership interest | 1 | 2002-10 | |
| Phillip Hagan | limited partnership interest | 1 | 2004-12 | |
| Sandy Dillard | limited partnership interest | 1 | 2013-09 | |
| Daniel Prohaska | limited partnership interest | 1 | 2002-10 |
Showing 25 of 104. Full list via /api/targets/170183.
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 |