Wamego Hospital Association
dba Wamego Health Center ·
Wamego, Pottawatomie County, KS
· CCN 171337
Licensed to Wamego Hospital Association
Composite
36.1
rank score
Distress
50
FY2023
Fit
34
vs thesis
Estimated ticket
$1.3M–$2.6M
18 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $15.7M |
| Operating margin | 9.9% |
| Total margin | 8.5% |
| Days cash on hand | 2 |
| Current ratio | 0.14 |
| Occupancy | 20% |
Facility
| Beds | 18 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $72.2K |
| Per-bed (high) | $144K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 18 | $12.7M | $2.4M | 0.1% | 16.1% | 5 | 0.00 | 24% | 124 | 51 |
| 2021 | 18 | $14.8M | $6.3M | 15.7% | 33.7% | 1 | 0.12 | 22% | 115 | 44 |
| 2022 | 18 | $13.1M | $-1.4M | -5.0% | -11.7% | 0 | 0.07 | 18% | 121 | 77 |
| 2023 | 18 | $15.7M | $1.3M | 9.9% | 8.5% | 2 | 0.14 | 20% | 86 | 50 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ascension Via Christi Health Inc | operational/managerial control | 51 | 2002-07 | |
| Ascension Via Christi Hospital Manhattan Inc | 5% or greater direct ownership interest | 51 | 2002-07 | |
| Dirk Daveline | corporate director | 2019-01 | ||
| Jennifer Goehring | corporate director | 2019-01 | ||
| Lanny Bosse | corporate director | 2019-01 | ||
| Mark Wilkerson | corporate director | 2019-01 | ||
| Merl Page | corporate director | 2023-07 | ||
| Robert Copple | corporate director | 2019-01 | ||
| Robert Copple | w-2 managing employee | 2022-08 | ||
| Ryan Kueker | corporate director | 2022-08 | ||
| Segen Elizabeth Chase | corporate director | 2022-08 | ||
| Thomas Beem | corporate director | 2019-01 |
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 |
|---|---|---|---|---|
| 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 |