Minneola District Hospital
Minneola, Clark County, KS
· CCN 171368
Licensed to Minneola District Hospital Nbr 2
Composite
55.6
rank score
Distress
96
FY2023
Fit
31
vs thesis
Estimated ticket
$833K–$1.7M
14 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current liabilities exceed current assets
- liabilities exceed assets
- 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 | $17.3M |
| Operating margin | -26.6% |
| Total margin | -9.7% |
| Days cash on hand | 0 |
| Current ratio | 0.84 |
| Occupancy | 22% |
Facility
| Beds | 14 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $59.5K |
| Per-bed (high) | $119K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 14 | $11.2M | $15.6K | -40.3% | 0.1% | 147 | 1.78 | 25% | 180 | 56 |
| 2021 | 14 | $12.0M | $632K | -35.5% | 3.7% | 76 | 1.68 | 21% | 161 | 54 |
| 2022 | 14 | $13.1M | $-1.2M | -41.2% | -6.7% | 3 | 1.84 | 21% | 163 | 79 |
| 2023 | 14 | $17.3M | $-1.9M | -26.6% | -9.7% | 0 | 0.84 | 22% | 172 | 96 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Minneola District Hospital Nbr 2 | other | 100 | 2015-06 | |
| Deborah Bruner | corporate director | 2012-10 | ||
| Deborah Bruner | w-2 managing employee | 2012-10 | ||
| Dianna Beebe | corporate director | 2011-04 | ||
| Gail Norton | corporate director | 2007-04 | ||
| Jennifer Denison | corporate director | 2011-04 |
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 |