Mitchell Co Hosp Health Systems
dba Mitchell County Hospital Health Systems ·
Beloit, Mitchell County, KS
· CCN 171375
Licensed to Mitchell County Hospital Health Systems
Composite
32.0
rank score
Distress
33
FY2024
Fit
43
vs thesis
Estimated ticket
$1.4M–$2.9M
17 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin negative
- total margin negative
- 60-90 days cash on hand
- margin slipping
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $28.6M |
| Operating margin | -4.3% |
| Total margin | -0.2% |
| Days cash on hand | 73 |
| Current ratio | 2.58 |
| Occupancy | 86% |
Facility
| Beds | 17 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 19 | $26.0M | $311K | -6.4% | 1.1% | 223 | 1.69 | 65% | 626 | 26 |
| 2022 | 25 | $27.6M | $6.5M | -5.9% | 18.1% | 135 | 2.15 | 49% | 703 | 29 |
| 2023 | 18 | $27.4M | $-36.1K | -7.4% | -0.1% | 104 | 2.58 | 81% | 673 | 34 |
| 2024 | 17 | $28.6M | $-48.4K | -4.3% | -0.2% | 73 | 2.58 | 86% | 635 | 33 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mitchell County Hospital Health Systems | operational/managerial control | 100 | 2005-07 | |
| Brent Cunningham | corporate officer | 2016-01 | ||
| Janelle Kircher | corporate director | 2023-02 | ||
| Janelle Kircher | w-2 managing employee | 2023-02 | ||
| Leanne Eilert | corporate director | 1999-10 | ||
| Leanne Eilert | w-2 managing employee | 1999-10 |
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 |