Kansas City Orthopaedic Institute
Leawood, Johnson County, KS
· CCN 170188
Licensed to Kansas City Orthopaedic Institute Llc
Composite
37.0
rank score
Distress
36
FY2023
Fit
52
vs thesis
Estimated ticket
$8.5M–$34.0M
17 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- 30-60 days cash on hand
- debt above 85% of assets
- occupancy below 30%
- margin deteriorating
- urban — higher occupancy and iteration surface
- very small facility
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $97.4M |
| Operating margin | 25.3% |
| Total margin | 24.7% |
| Days cash on hand | 53 |
| Current ratio | 2.40 |
| Occupancy | 21% |
Facility
| Beds | 17 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 17 | $64.7M | $19.4M | 28.4% | 29.0% | 149 | 1.85 | 68% | 2,073 | 12 |
| 2021 | 17 | $81.5M | $27.2M | 28.7% | 31.6% | 106 | 1.63 | 29% | 896 | 21 |
| 2022 | 17 | $86.3M | $18.9M | 21.1% | 21.5% | 23 | 2.51 | 32% | 988 | 39 |
| 2023 | 17 | $97.4M | $24.4M | 25.3% | 24.7% | 53 | 2.40 | 21% | 656 | 36 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Kansas City Orthopaedic Center Of Excellence Llc | operational/managerial control | 80 | 1998-09 | |
| St Lukes Hospital Of Kansas City | 5% or greater direct ownership interest | 51 | 1998-02 | |
| Kansas City Orthopaedic Center Of Excellence Llc | 5% or greater direct ownership interest | 49 | 1998-09 | |
| Kansas City Orthopaedic Center Of Excellence Llc | limited partnership interest | 49 | 1998-09 | |
| St Lukes Hospital Of Kansas City | operational/managerial control | 20 | 1998-02 | |
| Cris Barnthouse | limited partnership interest | 2 | 1998-09 | |
| James Halloran | limited partnership interest | 2 | 2016-04 | |
| Thomas Rasmussen | limited partnership interest | 2 | 1998-09 | |
| Timothy Badwey | limited partnership interest | 2 | 1998-09 | |
| Amy Nachtigal | corporate officer | 2011-03 | ||
| Clair Austin | corporate officer | 2024-01 | ||
| Clair Austin | w-2 managing employee | 2024-01 | ||
| Cris Barnthouse | corporate officer | 2000-01 | ||
| Cris Barnthouse | corporate director | 2000-01 | ||
| Jacqueline Burczyk | w-2 managing employee | 2020-08 | ||
| James Halloran | corporate officer | 2022-01 | ||
| Thomas Rasmussen | corporate officer | 2000-01 | ||
| Thomas Rasmussen | corporate director | 2000-01 | ||
| Timothy Badwey | corporate officer | 2024-01 |
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 |