Coffey County Hospital
Burlington, Coffey County, KS
· CCN 171385
Licensed to Coffey County 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 below -8%
- under 30 days cash on hand
- current liabilities exceed current 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 | $21.5M |
| Operating margin | -37.5% |
| Total margin | -9.5% |
| Days cash on hand | 0 |
| Current ratio | 1.00 |
| Occupancy | 17% |
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 | $22.0M | $3.7M | -24.1% | 12.0% | 153 | 2.44 | 19% | 368 | 37 |
| 2021 | 25 | $24.0M | $3.5M | -22.3% | 10.6% | 78 | 1.70 | 18% | 346 | 47 |
| 2022 | 25 | $22.8M | $306K | -25.2% | 1.1% | 22 | 1.36 | 19% | 283 | 66 |
| 2023 | 25 | $21.5M | $-2.6M | -37.5% | -9.5% | 0 | 1.00 | 17% | 214 | 86 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Coffey County Hospital | operational/managerial control | 100 | 1966-01 | |
| County Of Coffey | 5% or greater direct ownership interest | 100 | 1966-01 | |
| John Shell | w-2 managing employee | 100 | 2017-01 | |
| Arden Payer | corporate director | 2024-01 | ||
| Craig Stukey | corporate officer | 2018-09 | ||
| Craig Stukey | w-2 managing employee | 2018-09 | ||
| Eric Ervin | corporate director | 2024-01 | ||
| Jeff Clark | corporate director | 2016-01 | ||
| Jodi Thomas | corporate director | 2017-01 | ||
| John Shell | corporate officer | 1993-08 | ||
| Michael Abendroth | corporate director | 2023-12 | ||
| Perry Chapman | corporate director | 2022-12 | ||
| Peter Allegre | corporate director | 2013-01 | ||
| Robert Fleming | corporate director | 2024-01 | ||
| Stacy Augustyn | corporate officer | 2022-07 | ||
| Stacy Augustyn | w-2 managing employee | 2022-07 | ||
| Stephen Hopkins | corporate director | 2014-01 |
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 |