Great Plains Of Sabetha Inc.
dba Sabetha Community Hospital ·
Sabetha, Nemaha County, KS
· CCN 171338
Licensed to Great Plains Of Sabetha Inc
Composite
34.0
rank score
Distress
48
FY2023
Fit
31
vs thesis
Estimated ticket
$1.4M–$2.7M
16 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- 30-60 days cash on hand
- occupancy below 30%
- 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 · FY2023
| Net patient revenue | $16.7M |
| Operating margin | -15.4% |
| Total margin | 6.1% |
| Days cash on hand | 58 |
| Current ratio | 2.44 |
| Occupancy | 26% |
Facility
| Beds | 16 |
| 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 | 16 | $11.8M | $849K | -21.4% | 5.6% | 272 | 1.41 | 27% | 200 | 40 |
| 2021 | 16 | $14.4M | $1.3M | -15.6% | 7.3% | 127 | 3.02 | 25% | 213 | 41 |
| 2022 | 16 | $15.9M | $45.7K | -14.8% | 0.2% | 107 | 3.59 | 23% | 223 | 44 |
| 2023 | 16 | $16.7M | $1.3M | -15.4% | 6.1% | 58 | 2.44 | 26% | 215 | 48 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Great Plains Health Alliance Inc | operational/managerial control | 100 | 2013-04 | |
| Great Plains Of Sabetha Inc | 5% or greater direct ownership interest | 100 | 2000-09 | |
| Arthur Henrickson | corporate director | 2017-06 | ||
| Curt Colson | corporate director | 2022-04 | ||
| Garrett Colglazier | corporate officer | 2025-07 | ||
| Garrett Colglazier | w-2 managing employee | 2025-07 | ||
| John Terrill | corporate director | 2006-04 | ||
| Martha Montgomery | corporate director | 2018-09 | ||
| Norman Schmitt | corporate director | 2006-04 | ||
| Ronald Krebs | corporate officer | 2018-07 | ||
| Steve Carlson | corporate director | 2006-04 | ||
| William Simpson | corporate director | 2018-09 |
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 |