Larned State Hospital
Larned, Pawnee County, KS
· CCN 174006
Licensed to State Of Kansas-Accounting Services
Composite
62.4
rank score
Distress
86
FY2024
Fit
59
vs thesis
Estimated ticket
$2.3M–$4.6M
60 beds ·
within envelope
Ownership
government
PH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- margin deteriorating sharply
- rural — cheaper but limited density
- specialty facility — narrower problem scope
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $4.2M |
| Operating margin | -2,577.7% |
| Total margin | -2,523.7% |
| Days cash on hand | — |
| Current ratio | — |
| Occupancy | 78% |
Facility
| Beds | 60 |
| Facility type | PH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $38.5K |
| Per-bed (high) | $77.0K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 99 | $4.0M | $-5.0M | -1,755.3% | -7.2% | — | — | 69% | 832 | 75 |
| 2022 | 81 | $4.3M | $-17.7M | -1,955.0% | -25.0% | — | — | 77% | 695 | 83 |
| 2023 | 99 | $15.0M | $-12.5M | -624.2% | -13.0% | — | — | 48% | 571 | 88 |
| 2024 | 60 | $4.2M | $-108M | -2,577.7% | -2,523.7% | — | — | 78% | 376 | 86 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Stacy Parr | corporate officer | 100 | 2016-08 | |
| Stacy Parr | w-2 managing employee | 100 | 2016-08 | |
| Stacy Parr | operational/managerial control | 100 | 2016-08 | |
| State Of Kansas-Accounting Services | operational/managerial control | 100 | 2012-05 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.