Washington County Hospital
Washington, Washington County, KS
· CCN 171351
Licensed to Washington County Hospital
Composite
26.0
rank score
Distress
24
FY2023
Fit
38
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin under 2%
- 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
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $9.0M |
| Operating margin | 1.6% |
| Total margin | 3.5% |
| Days cash on hand | 402 |
| Current ratio | 12.31 |
| Occupancy | 11% |
Facility
| Beds | 25 |
| 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 | 25 | $7.0M | $4.6M | 3.6% | 40.4% | 496 | 16.79 | 16% | 147 | 9 |
| 2021 | 25 | $7.2M | $1.9M | -6.0% | 19.5% | 389 | 20.40 | 14% | 144 | 31 |
| 2022 | 25 | $8.1M | $301K | -1.7% | 3.5% | 428 | 8.20 | 13% | 129 | 24 |
| 2023 | 25 | $9.0M | $319K | 1.6% | 3.5% | 402 | 12.31 | 11% | 129 | 24 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Cynthia Ohlde | corporate director | 2017-01 | ||
| Jana Rollman | corporate director | 2023-01 | ||
| Justin Dragastin | corporate director | 2016-01 | ||
| Larry Stoppel | corporate director | 2015-01 | ||
| Roxanne Schottel | operational/managerial control | 2014-04 | ||
| Sandi Freese | w-2 managing employee | 2010-09 | ||
| Staci Cardenas | corporate director | 2023-01 | ||
| Washington County Hospital | operational/managerial control | 2010-07 |
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 |