Osawatomie State Hospital
dba Adair Acute Care At Osawatomie State Hospital ·
Osawatomie, Miami County, KS
· CCN 174022
Licensed to Osawatomie State Hospital
Composite
51.6
rank score
Distress
53
FY2024
Fit
69
vs thesis
Estimated ticket
$14.0M–$56.1M
60 beds ·
within envelope
Ownership
government
PH
Why it ranks here
- operating margin below -10%
- margin deteriorating
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $1.5M |
| Operating margin | -4,095.7% |
| Total margin | 5.3% |
| Days cash on hand | — |
| Current ratio | — |
| Occupancy | 65% |
Facility
| Beds | 60 |
| Facility type | PH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $234K |
| Per-bed (high) | $935K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 60 | $4.9M | $5.0M | -804.1% | 10.2% | — | — | 62% | 938 | 52 |
| 2022 | 60 | $4.6M | $21.5M | -977.0% | 30.2% | — | — | 50% | 1,007 | 56 |
| 2023 | 60 | $2.0M | $2.6M | -2,913.1% | 4.2% | — | — | 50% | 1,029 | 56 |
| 2024 | 60 | $1.5M | $3.5M | -4,095.7% | 5.3% | — | — | 65% | 960 | 53 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ashley Byram | w-2 managing employee | 100 | 2023-08 | |
| Ashley Byram | operational/managerial control | 100 | 2023-08 | |
| Osawatomie State Hospital | 5% or greater direct ownership interest | 100 | 2016-07 | |
| Osawatomie State Hospital | operational/managerial control | 100 | 2016-07 | |
| State Of Kansas-Accounting Services | 5% or greater direct ownership interest | 100 | 2016-07 | |
| State Of Kansas-Accounting Services | operational/managerial control | 100 | 2016-07 | |
| Clinton Glidewell | w-2 managing employee | 2020-09 | ||
| Clinton Glidewell | operational/managerial control | 2020-09 | ||
| Joddie Covey | w-2 managing employee | 2018-10 | ||
| Maria Gustilo | w-2 managing employee | 2016-07 | ||
| Rhonda Singer | w-2 managing employee | 2016-07 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.