dealflow
envelope $200M

← Targets

Rawlins County Health Center

Atwood, Rawlins County, KS · CCN 171307
Licensed to Rawlins County Health Center

Composite
33.1
rank score
Distress
46
FY2024
Fit
31
vs thesis
Estimated ticket
$1.3M–$2.5M
15 beds · within envelope
Ownership
government
CAH

Why it ranks here

  • operating margin below -10%
  • total margin under 2%
  • occupancy below 30%
  • margin deteriorating sharply
  • rural — cheaper but limited density
  • very small facility
  • very small ticket — sub-scale as a platform asset
  • very low occupancy — limited volume to learn from
  • government-owned — public process likely

Latest financials · FY2024

Net patient revenue$8.3M
Operating margin -38.1%
Total margin 0.2%
Days cash on hand 357
Current ratio 8.29
Occupancy16%

Facility

Beds15
Facility typeCAH
Settingrural
Ownership classgovernment
Per-bed (low) $85.0K
Per-bed (high) $170K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 15 $7.0M $890K -27.0% 9.1% 499 1.42 19% 103 40
2022 15 $8.1M $932K -19.5% 8.8% 405 2.18 13% 103 37
2023 15 $8.5M $1.1M -28.0% 8.9% 294 7.24 20% 95 37
2024 15 $8.3M $21.0K -38.1% 0.2% 357 8.29 16% 104 46

Owners

OwnerRole%SinceType
County Of Rawlins
Atwood, KS
5% or greater direct ownership interest 5 1995-10
Alan Solko other 2019-01
Cedric Green corporate officer 2017-01
Commonspirit Mountain Region
Centennial, CO
operational/managerial control 2017-10
Dan Mosley other 2021-01
Danice Sperry corporate officer 2026-05
Daniel Fields corporate officer 2023-06
Harlan Holste corporate officer 2007-01
Heather Prideaux w-2 managing employee 2014-03
Karen Fikan corporate officer 2025-01
Lincoln Pochop other 2021-01
Loren Erway corporate officer 2025-03
Matt Wolters corporate officer 2011-01
Rosalie Ross corporate officer 2015-01
Scott Ross corporate officer 2025-03

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.

DateBuyerSellerHospitalBeds
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