dealflow
envelope $200M

← Targets

Hiawatha Community Hospital

dba Amberwell Hiawatha · Hiawatha, Brown County, KS · CCN 171341
Licensed to Hiawatha Hospital Association Inc

Composite
55.1
rank score
Distress
86
FY2023
Fit
41
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds · within envelope
Ownership
nonprofit
CAH

Why it ranks here

  • operating margin below -10%
  • total margin below -8%
  • under 30 days cash on hand
  • current liabilities exceed current assets
  • occupancy below 30%
  • margin deteriorating sharply
  • rural — cheaper but limited density
  • small but workable bed count
  • 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$28.6M
Operating margin -18.6%
Total margin -15.4%
Days cash on hand 16
Current ratio 0.91
Occupancy27%

Facility

Beds25
Facility typeCAH
Settingrural
Ownership classnonprofit
Per-bed (low) $59.5K
Per-bed (high) $119K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 25 $22.4M $-2.3M -24.4% -8.9% 190 1.13 40% 564 58
2021 25 $23.9M $3.8M -23.2% 11.4% 165 1.96 32% 654 33
2022 25 $26.6M $-1.2M -17.6% -4.0% 37 3.09 33% 536 62
2023 25 $28.6M $-4.5M -18.6% -15.4% 16 0.91 27% 457 86

Owners

OwnerRole%SinceType
Alison Kerl corporate officer 2021-03
Alison Kerl corporate director 2021-03
Alison Kerl w-2 managing employee 2021-03
Amberwell Health Inc
Atchison, KS
operational/managerial control 2021-03
Benjamin Walker corporate director 2025-10
Chad Gormley corporate director 2026-01
Chase Dudzinski corporate officer 2022-08
Chase Dudzinski corporate director 2022-08
Chase Dudzinski w-2 managing employee 2022-08
Del Elffner corporate officer 2019-01
Del Elffner corporate director 2019-01
Howard Elliott corporate director 2021-06
Jared Abel corporate officer 2024-06
Jared Abel corporate director 2024-06
Jared Abel w-2 managing employee 2024-06
Jason Smith corporate officer 2024-01
Jason Smith corporate director 2023-04
John Moore corporate officer 2021-01
John Moore corporate director 2021-01
Kelli Mccarty w-2 managing employee 2014-03
Nichole Chamley corporate officer 2021-07
Nichole Chamley corporate director 2021-07
Nichole Chamley w-2 managing employee 2021-07
Peter Rosa corporate officer 2025-01
Peter Rosa w-2 managing employee 2026-01

Showing 25 of 26. Full list via /api/targets/171341.

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