Ninnescah Valley Health Systems
dba Kingman Healthcare Center ·
Kingman, Kingman County, KS
· CCN 171378
Licensed to Ninnescah Valley Health Systems Inc
Composite
35.8
rank score
Distress
43
FY2024
Fit
41
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- 90-150 days cash on hand
- occupancy below 30%
- margin deteriorating
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $16.9M |
| Operating margin | -14.8% |
| Total margin | 3.4% |
| Days cash on hand | 118 |
| Current ratio | 5.08 |
| Occupancy | 14% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 | 25 | $10.3M | $811K | -36.1% | 5.5% | 112 | 1.11 | 16% | 200 | 49 |
| 2022 | 25 | $12.8M | $459K | -24.6% | 2.8% | 144 | 2.70 | 18% | 258 | 41 |
| 2023 | 25 | $15.0M | $409K | -21.9% | 2.2% | 124 | 5.60 | 17% | 194 | 41 |
| 2024 | 25 | $16.9M | $689K | -14.8% | 3.4% | 118 | 5.08 | 14% | 180 | 43 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andrew Piester | corporate director | 100 | 2019-08 | |
| Angie Maloney | corporate director | 100 | 2019-08 | |
| Greg Schreiner | corporate director | 100 | 2019-08 | |
| Lacy Drosselmeyer | corporate director | 100 | 2016-08 | |
| Lacy Drosselmeyer | w-2 managing employee | 100 | 2016-08 | |
| Lacy Drosselmeyer | operational/managerial control | 100 | 2016-08 | |
| Michele Kyle | corporate director | 100 | 2019-08 | |
| Neil Freund | corporate director | 100 | 2012-08 | |
| Preston Sauers | corporate officer | 100 | 2021-03 | |
| Preston Sauers | w-2 managing employee | 100 | 2021-03 | |
| Preston Sauers | operational/managerial control | 100 | 2021-03 | |
| Roger Vanlandingham | corporate director | 100 | 2012-08 | |
| Steve Witty | corporate director | 100 | 2019-08 | |
| Thad Turner | corporate officer | 100 | 2018-03 | |
| Thad Turner | w-2 managing employee | 100 | 2018-03 | |
| Thad Turner | operational/managerial control | 100 | 2018-03 |
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 |