Ashland Health Center
Ashland, Clark County, KS
· CCN 171304
Licensed to Ashland District Hospital
Composite
58.4
rank score
Distress
88
FY2023
Fit
47
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- debt above 70% of assets
- occupancy 45-60%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $9.2M |
| Operating margin | -36.7% |
| Total margin | -8.9% |
| Days cash on hand | 25 |
| Current ratio | 0.73 |
| Occupancy | 55% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $59.5K |
| Per-bed (high) | $119K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $8.1M | $197K | -24.2% | 1.9% | 27 | 0.29 | 64% | 60 | 78 |
| 2021 | 25 | $7.4M | $3.5M | -36.9% | 25.5% | 45 | 0.86 | 51% | 44 | 60 |
| 2022 | 25 | $9.2M | $293K | -25.5% | 2.5% | 101 | 0.93 | 58% | 65 | 48 |
| 2023 | 25 | $9.2M | $-1.0M | -36.7% | -8.9% | 25 | 0.73 | 55% | 50 | 88 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Chance Wilkinson | corporate officer | 2022-01 | ||
| Great Plains Health Alliance Inc | other | 1989-08 | ||
| Jannica Null | corporate officer | 2018-01 | ||
| Jessie Luckie | corporate officer | 2018-01 | ||
| Kim Hazen | corporate officer | 2015-05 | ||
| Sandra Moore | corporate officer | 2021-11 | ||
| Sandra Moore | w-2 managing employee | 2020-02 | ||
| Sandrea Wright | corporate officer | 2021-11 | ||
| Sandrea Wright | w-2 managing employee | 2016-07 | ||
| Steve Elmore | w-2 managing employee | 2011-10 | ||
| Steve Elmore | operational/managerial control | 2011-06 |
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 |