dealflow
envelope $200M

← Targets

Via Christi Rehab Center Inc

Wichita, KS · CCN 173028
Licensed to Ascension Via Christi Rehabilitation Hospital Inc

Composite
51.2
rank score
Distress
47
FY2023
Fit
75
vs thesis
Estimated ticket
$18.9M–$75.4M
58 beds · within envelope
Ownership
nonprofit
RH

Why it ranks here

  • operating margin negative
  • total margin under 2%
  • under 30 days cash on hand
  • current liabilities exceed current assets
  • occupancy 45-60%
  • urban — higher occupancy and iteration surface
  • specialty facility — narrower problem scope
  • bed count in the target band
  • ticket size somewhat below the envelope
  • moderate occupancy
  • nonprofit — expect AG conversion review

Latest financials · FY2023

Net patient revenue$26.0M
Operating margin -1.2%
Total margin 1.7%
Days cash on hand 0
Current ratio 0.93
Occupancy47%

Facility

Beds58
Facility typeRH
Settingurban
Ownership classnonprofit
Per-bed (low) $325K
Per-bed (high) $1.3M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 58 $19.3M $-2.8M -20.7% -13.7% 0 0.99 37% 663 81
2021 58 $18.6M $-1.3M -16.1% -6.5% 0 0.87 36% 624 77
2022 58 $19.2M $-869K -7.9% -4.4% 0 0.75 44% 775 76
2023 58 $26.0M $445K -1.2% 1.7% 0 0.93 47% 843 47

Owners

OwnerRole%SinceType
Ascension Via Christi Health Inc
Wichita, KS
5% or greater indirect ownership interest 100 2011-03
Ascension Via Christi Hospitals Wichita Inc
Wichita, KS
5% or greater direct ownership interest 100 2011-03
Ayden Callender w-2 managing employee 2025-06
Brenda Davis corporate director 2025-06
Claudio Ferraro corporate director 2018-07
Katie Sinclair corporate director 2025-06
Kevin Strecker corporate director 2020-10
Larry Wilkinson corporate director 2018-07
Laurie Labarca corporate director 2014-07
Linsey Coster corporate director 2025-06
Mark Wilkerson corporate director 2018-07
Mike Joy corporate director 2025-06
Mike Joy w-2 managing employee 2025-06
Robert Heath corporate director 2020-10
Scott Johnson corporate director 2025-06
Stephanie Shaffer w-2 managing employee 2019-01
Suzanne Dextras corporate director 2020-10

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.

DateBuyerSellerHospitalBeds
2020-03-16 Recover-Care Meadowbrook Rehabilitation Llc Pinnacle Health Facilities Xviii Lp Meadowbrook Rehabilitation Hospital 56