Neosho Memorial Regional Med Ctr
dba Neosho Memorial Regional Medical Center ·
Chanute, Neosho County, KS
· CCN 171380
Licensed to Neosho Memorial Regional Medical Center
Composite
32.2
rank score
Distress
36
FY2023
Fit
40
vs thesis
Estimated ticket
$1.9M–$3.7M
22 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- 60-90 days cash on hand
- occupancy 45-60%
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $56.2M |
| Operating margin | -12.6% |
| Total margin | 4.1% |
| Days cash on hand | 82 |
| Current ratio | 3.25 |
| Occupancy | 58% |
Facility
| Beds | 22 |
| 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 | 21 | $49.6M | $-117K | -15.1% | -0.2% | 184 | 2.46 | 70% | 1,352 | 36 |
| 2021 | 21 | $53.1M | $4.1M | -11.4% | 6.5% | 143 | 2.54 | 78% | 1,468 | 32 |
| 2022 | 21 | $53.8M | $319K | -13.0% | 0.5% | 103 | 3.96 | 72% | 1,376 | 36 |
| 2023 | 22 | $56.2M | $2.7M | -12.6% | 4.1% | 82 | 3.25 | 58% | 1,278 | 36 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Neosho County | 5% or greater direct ownership interest | 100 | 1966-01 | |
| Alison Mih | operational/managerial control | 2021-03 | ||
| Bruce Jackson | corporate director | 2006-08 | ||
| Bruce Mullen | corporate director | 2005-12 | ||
| David Robinson | corporate director | 2005-12 | ||
| Dennis Franks | contracted managing employee | 2006-04 | ||
| Garrett Sharp | operational/managerial control | 2021-03 | ||
| Katie Tinsley | corporate officer | 2021-01 | ||
| Katie Tinsley | operational/managerial control | 2021-01 | ||
| Larry Nelson | corporate director | 2012-11 | ||
| Philip Jarred | corporate director | 2017-05 | ||
| Wendy Brazil | corporate officer | 2021-01 | ||
| Wendy Brazil | operational/managerial control | 2021-01 |
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 |