Grisell Memorial Hospital Dist #1
dba Grisell Memorial Hospital District 1 ·
Ransom, Ness County, KS
· CCN 171300
Licensed to Grisell Memorial Hospital District 1
Composite
36.2
rank score
Distress
36
FY2023
Fit
50
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- total margin negative
- 90-150 days cash on hand
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $6.6M |
| Operating margin | -24.5% |
| Total margin | -2.9% |
| Days cash on hand | 110 |
| Current ratio | 2.92 |
| Occupancy | 65% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 23 | $5.3M | $-485K | -38.9% | -7.0% | 147 | 3.32 | 84% | 13 | 49 |
| 2021 | 23 | $5.7M | $2.3M | -26.9% | 24.5% | 176 | 3.29 | 77% | 19 | 28 |
| 2022 | 25 | $6.6M | $438K | -20.6% | 5.2% | 91 | 3.33 | 71% | 23 | 32 |
| 2023 | 25 | $6.6M | $-232K | -24.5% | -2.9% | 110 | 2.92 | 65% | 26 | 36 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Christina Payne | corporate director | 2022-08 | ||
| Clarinda Berry | corporate director | 2022-08 | ||
| Frank Safrit | corporate officer | 2024-03 | ||
| Frank Safrit | corporate director | 2024-03 | ||
| Frank Safrit | w-2 managing employee | 2024-03 | ||
| Frank Safrit | operational/managerial control | 2024-03 | ||
| Great Plains Health Alliance Inc | operational/managerial control | 1980-09 | ||
| Jill Stade | corporate officer | 2023-08 | ||
| Jill Stade | corporate director | 2023-08 | ||
| Jill Stade | w-2 managing employee | 2023-08 | ||
| Jill Stade | operational/managerial control | 2023-08 | ||
| Jon Nuttle | corporate director | 2005-06 | ||
| Sharla Albers | corporate director | 2009-06 | ||
| Stephanie Conkright | corporate director | 2012-06 |
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 |
|---|---|---|---|---|
| 2021-01-01 | Kiowa County Memorial Hospital | Great Plains Of Kiowa Co Inc | Kiowa County Memorial Hosptial | 15 |
| 2020-07-01 | Saint Lukes Hospital Of Allen County Inc | Allen County Kansas Hospital | Allen County Regional Hospital | 25 |
| 2019-12-09 | Hillsboro Hospital Llc | Cah Acquisition Company 5 Llc | Hillsboro Community Hospital | 15 |