Osborne County Memorial Hospital
Osborne, Osborne County, KS
· CCN 171364
Licensed to Osborne County Memorial Hospital
Composite
31.8
rank score
Distress
43
FY2023
Fit
31
vs thesis
Estimated ticket
$1.4M–$2.7M
16 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- 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 | $8.3M |
| Operating margin | -23.6% |
| Total margin | 3.4% |
| Days cash on hand | 217 |
| Current ratio | 16.84 |
| Occupancy | 14% |
Facility
| Beds | 16 |
| 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 | 16 | $7.1M | $1.4M | -20.1% | 13.4% | 208 | 2.15 | 19% | 150 | 37 |
| 2021 | 16 | $7.6M | $2.1M | -20.7% | 18.6% | 236 | 4.97 | 21% | 168 | 37 |
| 2022 | 16 | $7.7M | $640K | -30.1% | 6.0% | 239 | 10.01 | 17% | 161 | 37 |
| 2023 | 16 | $8.3M | $361K | -23.6% | 3.4% | 217 | 16.84 | 14% | 139 | 43 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Doris Brown | corporate officer | 100 | 2022-10 | |
| Gregory Mick | corporate officer | 100 | 2016-07 | |
| Janel Burch | corporate officer | 100 | 2017-03 | |
| John Girard | corporate officer | 100 | 2017-02 | |
| County Of Osborne | operational/managerial control | 1966-01 | ||
| Linda Murphy | w-2 managing employee | 2002-12 | ||
| Raymond Schaefer | 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 |