Minimally Invasive Surgery Hospital
Lenexa, Johnson County, KS
· CCN 170199
Licensed to Minimally Invasive Surgery Hospital
Composite
64.2
rank score
Distress
100
FY2023
Fit
48
vs thesis
Estimated ticket
$3.1M–$12.6M
9 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 below 30%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $10.8M |
| Operating margin | -69.6% |
| Total margin | -69.3% |
| Days cash on hand | 9 |
| Current ratio | 0.28 |
| Occupancy | 6% |
Facility
| Beds | 9 |
| 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 | 9 | $10.4M | $2.4M | 18.4% | 22.2% | 42 | 5.13 | 2% | 47 | 26 |
| 2021 | 9 | $10.5M | $-2.3M | -22.3% | -21.9% | 2 | 3.81 | 2% | 39 | 87 |
| 2022 | 7 | $14.4M | $3.1M | 21.2% | 21.3% | 160 | 1.11 | 3% | 34 | 20 |
| 2023 | 9 | $10.8M | $-7.5M | -69.6% | -69.3% | 9 | 0.28 | 6% | 47 | 100 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Paramjeet Sabharwal | 5% or greater direct ownership interest | 100 | 2007-11 | |
| Chris Braun | w-2 managing employee | 5 | 2007-01 |
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 |