Clay County Medical Center
Clay Center, Clay County, KS
· CCN 171371
Licensed to Clay County Medical Center
Composite
27.5
rank score
Distress
30
FY2023
Fit
35
vs thesis
Estimated ticket
$1.7M–$3.4M
20 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- occupancy 30-45%
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $32.7M |
| Operating margin | -13.0% |
| Total margin | 2.2% |
| Days cash on hand | 191 |
| Current ratio | 4.87 |
| Occupancy | 32% |
Facility
| Beds | 20 |
| 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 | 20 | $24.1M | $403K | -20.2% | 1.4% | 212 | 1.48 | 38% | 484 | 40 |
| 2021 | 19 | $29.3M | $5.5M | -10.2% | 14.6% | 177 | 2.93 | 51% | 563 | 30 |
| 2022 | 20 | $30.5M | $1.9M | -14.5% | 5.1% | 179 | 6.14 | 39% | 542 | 33 |
| 2023 | 20 | $32.7M | $843K | -13.0% | 2.2% | 191 | 4.87 | 32% | 443 | 30 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Clay County Medical Center | operational/managerial control | 100 | 2016-07 | |
| Clay County Medical Center | 5% or greater direct ownership interest | 5 | 2016-07 | |
| Angela Kobel | corporate officer | 2025-05 | ||
| Angela Kobel | w-2 managing employee | 2025-05 | ||
| Angela Kobel | operational/managerial control | 2025-05 | ||
| Austin Gillard | corporate officer | 2015-05 | ||
| Austin Gillard | corporate director | 2015-05 | ||
| Austin Gillard | w-2 managing employee | 2015-05 | ||
| Jeffrey Yarrow | corporate director | 2006-04 | ||
| Lori Penner | corporate director | 2006-04 | ||
| Richard Cott | corporate director | 2009-01 | ||
| Sandy Fox | corporate director | 2006-04 | ||
| Terri Parry | corporate director | 2007-01 |
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 |