Sheridan County Health Complex
dba Sheridan County Hospital ·
Hoxie, Sheridan County, KS
· CCN 171347
Licensed to Sheridan County Hospital
Composite
33.6
rank score
Distress
47
FY2023
Fit
31
vs thesis
Estimated ticket
$1.5M–$3.1M
18 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- 90-150 days cash on hand
- 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
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $12.1M |
| Operating margin | -37.8% |
| Total margin | 2.8% |
| Days cash on hand | 147 |
| Current ratio | 4.23 |
| Occupancy | 19% |
Facility
| Beds | 18 |
| 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 | 18 | $10.1M | $1.3M | -41.3% | 8.5% | 316 | 2.76 | 18% | 138 | 37 |
| 2021 | 18 | $10.4M | $1.4M | -49.3% | 8.1% | 172 | 2.09 | 13% | 116 | 37 |
| 2022 | 18 | $11.0M | $255K | -41.9% | 1.6% | 126 | 4.77 | 17% | 112 | 44 |
| 2023 | 18 | $12.1M | $487K | -37.8% | 2.8% | 147 | 4.23 | 19% | 127 | 47 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Chad Koster | corporate director | 100 | 2022-02 | |
| Chad Koster | w-2 managing employee | 2022-02 | ||
| Joy Bretz | corporate officer | 2015-04 | ||
| Leanna Sloan | corporate officer | 2015-04 | ||
| Marcella Cameron | other | 2022-01 | ||
| Rebecca Bird | operational/managerial control | 2021-04 | ||
| Renae Kersenbrock | other | 2023-01 |
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 |