Clara Barton Hospital Association
dba Clara Barton Hospital ·
Hoisington, Barton County, KS
· CCN 171333
Licensed to The Clara Barton Hospital Association Inc Hoisington Kansas
Composite
31.1
rank score
Distress
31
FY2023
Fit
43
vs thesis
Estimated ticket
$1.4M–$2.9M
17 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin -10% to -5%
- 60-90 days cash on hand
- occupancy 45-60%
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $38.9M |
| Operating margin | -9.7% |
| Total margin | 2.3% |
| Days cash on hand | 62 |
| Current ratio | 2.37 |
| Occupancy | 58% |
Facility
| Beds | 17 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 | 19 | $23.6M | $-322K | -14.0% | -1.2% | 93 | 1.17 | 43% | 402 | 53 |
| 2021 | 18 | $30.2M | $6.0M | -7.5% | 15.7% | 107 | 1.77 | 50% | 495 | 29 |
| 2022 | 18 | $35.1M | $714K | -8.2% | 1.8% | 71 | 2.08 | 53% | 524 | 38 |
| 2023 | 17 | $38.9M | $991K | -9.7% | 2.3% | 62 | 2.37 | 58% | 510 | 31 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| James Tusten | w-2 managing employee | 100 | 2023-08 | |
| The Clara Barton Hospital Association Inc Hoisington Kansas | operational/managerial control | 100 | 1997-06 | |
| Eric Schoendaler | corporate director | 10 | 2023-01 | |
| Gary Shook | corporate director | 10 | 2019-02 | |
| James Tusten | corporate officer | 10 | 2023-08 | |
| Karisa Cowan | corporate director | 10 | 2021-09 | |
| Kathleen Burt | corporate director | 10 | 2021-03 | |
| Kathleen Kaiser | corporate director | 10 | 2016-01 | |
| Lois Mcleland | corporate director | 10 | 2021-09 | |
| Melissa Nech | corporate director | 10 | 2019-02 | |
| Michael Harmon | corporate director | 10 | 2023-01 | |
| Timothy Webb | corporate officer | 10 | 2024-03 | |
| Amanda Hoffman | corporate officer | 2020-09 | ||
| Amanda Hoffman | w-2 managing employee | 2017-06 | ||
| Mary Bennett | w-2 managing employee | 2017-02 |
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 |