Kpc Promise Hospital Of Overland Pk
dba Highcrest Hospital Of Overland Park ·
Overland Park, Johnson County, KS
· CCN 172004
Licensed to Hhn Ks1 Llc
Already transacted. CMS recorded an ownership change effective
2024-08-25. Confirm the current owner before spending a call on this.
Composite
16.7
rank score
Distress
56
FY2023
Fit
56
vs thesis
Estimated ticket
$14.3M–$57.1M
56 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin under 2%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy below 30%
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- bed count in the target band
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
- changed ownership 2024-08-25 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $15.6M |
| Operating margin | 0.6% |
| Total margin | 2.0% |
| Days cash on hand | 0 |
| Current ratio | 0.72 |
| Occupancy | 28% |
Facility
| Beds | 56 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $255K |
| Per-bed (high) | $1.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 56 | $16.3M | $257K | 1.7% | 1.6% | 0 | 0.76 | 39% | 359 | 62 |
| 2022 | 56 | $14.5M | $-1.1M | -8.9% | -7.4% | 0 | 0.60 | 34% | 284 | 87 |
| 2023 | 56 | $15.6M | $324K | 0.6% | 2.0% | 0 | 0.72 | 28% | 259 | 56 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Hhn Holdco Llc | 5% or greater direct ownership interest | 100 | 2024-08 | |
| Netanel Myerowitz | 5% or greater indirect ownership interest | 100 | 2024-08 | |
| Netanel Myerowitz | corporate director | 2024-08 | ||
| Patricia Wors | w-2 managing employee | 2024-08 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-08-25 | change of ownership | Hhn Ks1 Llc | Kpc Promise Hospital Of... |
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 |
|---|---|---|---|---|
| 2024-08-25 | Hhn Ks1 Llc | Kpc Promise Hospital Of Overland Park Llc | Kpc Promise Hospital Of Overland Pk | 56 |