Hodgeman County Health Center
Jetmore, Hodgeman County, KS
· CCN 171369
Licensed to Hodgeman County Health Center
Composite
37.5
rank score
Distress
39
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%
- 90-150 days cash on hand
- 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 | $10.9M |
| Operating margin | -14.2% |
| Total margin | 6.5% |
| Days cash on hand | 135 |
| Current ratio | 4.45 |
| Occupancy | 70% |
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 | $8.7M | $5.0M | -3.2% | 35.5% | 218 | 10.25 | 77% | 93 | 16 |
| 2021 | 25 | $10.3M | $88.3K | -8.5% | 0.8% | 209 | 1.61 | 79% | 134 | 26 |
| 2022 | 25 | $9.7M | $-506K | -13.9% | -4.8% | 150 | 2.31 | 71% | 76 | 44 |
| 2023 | 25 | $10.9M | $861K | -14.2% | 6.5% | 135 | 4.45 | 70% | 97 | 39 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| County Of Hodgeman | 5% or greater direct ownership interest | 100 | 1970-04 | |
| Lonnie Ruff | corporate director | 2022-01 | ||
| Sidni Durler | w-2 managing employee | 2021-12 | ||
| Stacey Briggs | w-2 managing employee | 2025-07 |
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 |