Pawnee Valley Community Hospital
Larned, Pawnee County, KS
· CCN 171345
Licensed to Pawnee Valley Community Hospital Inc
Composite
27.5
rank score
Distress
23
FY2024
Fit
43
vs thesis
Estimated ticket
$1.3M–$2.5M
15 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- total margin under 2%
- debt above 70% of assets
- 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 · FY2024
| Net patient revenue | $19.3M |
| Operating margin | -1.8% |
| Total margin | 1.9% |
| Days cash on hand | 153 |
| Current ratio | 3.36 |
| Occupancy | 47% |
Facility
| Beds | 15 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 22 | $16.0M | $13.2K | -29.5% | 0.1% | 367 | 1.00 | 33% | 131 | 48 |
| 2022 | 17 | $17.5M | $2.4M | 4.1% | 12.4% | 175 | 3.21 | 36% | 137 | 10 |
| 2023 | 16 | $20.3M | $1.6M | 2.1% | 7.6% | 129 | 4.08 | 40% | 112 | 14 |
| 2024 | 15 | $19.3M | $388K | -1.8% | 1.9% | 153 | 3.36 | 47% | 112 | 23 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Hays Medical Center Inc | 5% or greater direct ownership interest | 100 | 2010-03 | |
| Edward Herrman | corporate officer | 2017-10 | ||
| Edward Herrman | w-2 managing employee | 2017-10 | ||
| Hays Medical Center Inc | operational/managerial control | 2010-03 | ||
| Michelle Beckner | corporate officer | 2022-11 | ||
| Michelle Beckner | w-2 managing employee | 2022-11 | ||
| Shae Veach | corporate director | 2010-11 | ||
| Shae Veach | w-2 managing employee | 2017-10 |
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 |