Lindsborg Community Hospital
Lindsborg, Mcpherson County, KS
· CCN 171358
Licensed to Lindsborg Community Hospital Association
Composite
37.7
rank score
Distress
50
FY2023
Fit
38
vs thesis
Estimated ticket
$1.0M–$2.0M
14 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- under 30 days cash on hand
- occupancy 30-45%
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $14.3M |
| Operating margin | -14.1% |
| Total margin | 3.3% |
| Days cash on hand | 12 |
| Current ratio | 15.01 |
| Occupancy | 35% |
Facility
| Beds | 14 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $72.2K |
| Per-bed (high) | $144K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 23 | $10.0M | $-1.6M | -29.1% | -13.7% | 15 | 2.00 | 17% | 79 | 76 |
| 2021 | 14 | $13.0M | $1.5M | -10.1% | 9.4% | 13 | 12.13 | 36% | 116 | 56 |
| 2022 | 14 | $13.5M | $1.5M | -6.1% | 9.5% | 15 | 8.78 | 39% | 127 | 50 |
| 2023 | 14 | $14.3M | $565K | -14.1% | 3.3% | 12 | 15.01 | 35% | 125 | 50 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Salina Regional Health Center Inc | operational/managerial control | 100 | 2012-10 | |
| Charles Oleen | other | 2022-05 | ||
| Eric Kruckenberg | other | 2023-01 | ||
| Glen Suppes | other | 2025-01 | ||
| Gregory Lindholm | other | 2022-01 | ||
| Judy Neuschafer | other | 2012-05 | ||
| Krista Harris | other | 2025-01 | ||
| Laraine Gengler | corporate director | 2024-11 | ||
| Laraine Gengler | w-2 managing employee | 2024-11 | ||
| Linda Johnson | other | 2025-01 | ||
| Mark Rooker | corporate officer | 2025-02 | ||
| Mark Rooker | w-2 managing employee | 2025-02 | ||
| Mike Rose | other | 2014-01 | ||
| Tom Buffington | other | 2012-12 |
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 |