St. Lukes South
dba Saint Luke's South Hospital Inc ·
Overland Park, Johnson County, KS
· CCN 170185
Licensed to Saint Luke's South Hospital Inc
Composite
62.4
rank score
Distress
72
FY2023
Fit
75
vs thesis
Estimated ticket
$42.0M–$168M
120 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- debt above 85% of assets
- occupancy 45-60%
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $216M |
| Operating margin | -8.6% |
| Total margin | -3.5% |
| Days cash on hand | 0 |
| Current ratio | 0.23 |
| Occupancy | 50% |
Facility
| Beds | 120 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 | 123 | $195M | $-16.5M | -16.4% | -7.8% | 3 | 1.43 | 44% | 5,630 | 79 |
| 2021 | 123 | $213M | $-115K | -8.9% | -0.0% | 19 | 1.23 | 58% | 5,671 | 66 |
| 2022 | 91 | $218M | $-18.1M | -13.1% | -7.8% | 0 | 0.59 | 55% | 5,389 | 86 |
| 2023 | 120 | $216M | $-8.2M | -8.6% | -3.5% | 0 | 0.23 | 50% | 4,937 | 72 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bjc Health System | 5% or greater indirect ownership interest | 100 | 2024-01 | |
| Saint Lukes Health System Inc | 5% or greater direct ownership interest | 100 | 1998-11 | |
| Charles Horner | corporate director | 2023-05 | ||
| Christine Ricci | corporate director | 2023-05 | ||
| Daniel Smith | corporate director | 2022-01 | ||
| David Parmet | corporate director | 2024-01 | ||
| James O'hara | corporate director | 2022-01 | ||
| Julie Quirin | corporate officer | 2024-01 | ||
| Matthew Marino | corporate officer | 2019-01 | ||
| Matthew Marino | w-2 managing employee | 2019-01 | ||
| Matthew Sheets | corporate director | 2022-01 | ||
| Robert Olm-Shipman | corporate officer | 2015-09 | ||
| Robert Olm-Shipman | corporate director | 2015-09 | ||
| Robert Olm-Shipman | w-2 managing employee | 2015-09 | ||
| Sanjeev Khurana | corporate director | 2018-01 | ||
| Stephanie Clayton | corporate director | 2024-01 | ||
| Wendy Guillies | corporate director | 2018-01 | ||
| Willie Pegues | corporate director | 2022-01 |
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 |