Hillsboro Community Hospital
Hillsboro, KS
· CCN 171357
Licensed to Hillsboro Hospital Llc
Stale filings. No cost report since FY2022
(4 years). The hospital may have closed, converted,
or stopped filing — verify it still operates before working this name.
Composite
22.1
rank score
Distress
49
FY2022
Fit
37
vs thesis
Estimated ticket
$1.3M–$2.5M
15 beds ·
within envelope
Ownership
for-profit
CAH
Why it ranks here
- operating margin negative
- 30-60 days cash on hand
- debt above 85% of assets
- 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
- for-profit — no charitable conversion review
- no cost report since FY2022 — may have closed or stopped filing; verify before calling
Latest financials · FY2022
| Net patient revenue | $9.2M |
| Operating margin | -3.3% |
| Total margin | 4.1% |
| Days cash on hand | 48 |
| Current ratio | 2.78 |
| Occupancy | 26% |
Facility
| Beds | 15 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | for-profit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2019 | 15 | $1.2M | $6.1M | -100.9% | 71.5% | 8 | 0.24 | 30% | 16 | 83 |
| 2020 | 15 | — | $-9.2M | — | — | — | — | 27% | 181 | — |
| 2021 | 15 | $7.3M | $1.6M | -26.8% | 14.9% | 97 | 1.27 | 25% | 141 | 44 |
| 2022 | 15 | $9.2M | $402K | -3.3% | 4.1% | 48 | 2.78 | 26% | 148 | 49 |
| 2023 | 15 | — | $-9.7M | — | — | — | — | 22% | 112 | — |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Rhg Consolidated Llc | 5% or greater direct ownership interest | 100 | 2019-12 | |
| Rhg Consolidated Llc | operational/managerial control | 100 | 2019-12 | |
| Dennis Davis | 5% or greater indirect ownership interest | 17 | 2019-12 | |
| Lawrence Arthur | 5% or greater indirect ownership interest | 17 | 2019-12 | |
| Trent Skaggs | 5% or greater indirect ownership interest | 17 | 2019-12 | |
| Trent Skaggs | corporate officer | 17 | 2019-12 | |
| Trent Skaggs | corporate director | 17 | 2019-12 | |
| Trent Skaggs | operational/managerial control | 17 | 2019-12 | |
| Darrel Morris | 5% or greater indirect ownership interest | 16 | 2019-12 | |
| Darrel Morris | corporate officer | 16 | 2019-12 | |
| Darrel Morris | corporate director | 16 | 2019-12 | |
| Darrel Morris | operational/managerial control | 16 | 2019-12 | |
| Paul Guastello | 5% or greater indirect ownership interest | 13 | 2019-12 | |
| Lg Medical Llc | 5% or greater indirect ownership interest | 10 | 2019-12 | |
| Brent Lagergren | 5% or greater indirect ownership interest | 6 | 2019-12 | |
| Brent Lagergren | corporate officer | 6 | 2019-12 | |
| Phyllis Shaffer | 5% or greater indirect ownership interest | 6 | 2024-12 | |
| Billy May | 5% or greater indirect ownership interest | 6 | 2019-12 | |
| Billy May | corporate officer | 6 | 2019-12 | |
| Billy May | corporate director | 6 | 2019-12 | |
| Jami Homfeld | corporate officer | 3 | 2025-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2019-12-09 | change of ownership | Hillsboro Hospital Llc | Cah Acquisition Company 5 Llc |
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 |