Hanover Hospital
Hanover, Washington County, KS
· CCN 171365
Licensed to Hanover Hospital
Composite
37.1
rank score
Distress
38
FY2023
Fit
50
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- total margin under 2%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $6.7M |
| Operating margin | -13.8% |
| Total margin | 1.9% |
| Days cash on hand | 165 |
| Current ratio | 3.67 |
| Occupancy | 75% |
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 | $5.2M | $607K | -9.7% | 9.7% | 109 | 0.90 | 74% | 75 | 40 |
| 2021 | 25 | $5.7M | $2.9M | -9.7% | 31.7% | 145 | 2.89 | 74% | 83 | 27 |
| 2022 | 25 | $6.1M | $-73.2K | -17.9% | -1.0% | 165 | 3.74 | 59% | 69 | 38 |
| 2023 | 25 | $6.7M | $151K | -13.8% | 1.9% | 165 | 3.67 | 75% | 65 | 38 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Anita Kobuszewski | corporate officer | 2017-04 | ||
| Brittni Oehmke | corporate director | 2016-08 | ||
| David Heuer | corporate officer | 2009-06 | ||
| Hanover Hospital | operational/managerial control | 1966-03 | ||
| Pat Spercer | corporate officer | 2012-06 | ||
| Roger Warren | corporate officer | 1966-01 | ||
| Sheryl Adam | w-2 managing employee | 1981-04 | ||
| Stephen Pierson | corporate officer | 2008-06 | ||
| Toby Bruna | corporate officer | 2010-06 |
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 |