Fredonia Regional Hospital
Fredonia, Wilson County, KS
· CCN 171374
Licensed to Fredonia Regional Hospital
Composite
53.9
rank score
Distress
86
FY2023
Fit
38
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current liabilities exceed current assets
- debt above 70% of assets
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- 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 | $11.7M |
| Operating margin | -26.3% |
| Total margin | -5.1% |
| Days cash on hand | 2 |
| Current ratio | 0.95 |
| Occupancy | 8% |
Facility
| Beds | 25 |
| 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 | 25 | $9.2M | $33.1K | -43.2% | 0.3% | 0 | 0.55 | 13% | 218 | 87 |
| 2021 | 25 | $11.4M | $3.6M | -29.0% | 19.6% | 1 | 1.29 | 13% | 228 | 67 |
| 2022 | 25 | $10.9M | $-347K | -33.6% | -2.4% | 0 | 1.61 | 8% | 167 | 71 |
| 2023 | 25 | $11.7M | $-710K | -26.3% | -5.1% | 2 | 0.95 | 8% | 151 | 86 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Charlotte Svaty | corporate director | 2021-08 | ||
| City Of Fredonia | operational/managerial control | 2007-02 | ||
| Evan Dunn | corporate director | 2017-10 | ||
| Gaston Millar | corporate director | 2020-08 | ||
| Jennifer Friend | corporate director | 2017-10 | ||
| Jennifer Jensik | corporate director | 2020-08 | ||
| Jennifer Lawrence | w-2 managing employee | 2017-10 | ||
| Johnathan Durrett | corporate officer | 2018-07 | ||
| Johnathan Durrett | operational/managerial control | 2018-07 | ||
| Joseph Morris | corporate director | 2019-08 | ||
| Susan John | corporate director | 2023-08 |
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 |