Mercy Hospital Lebanon
Lebanon, Laclede County, MO
· CCN 260059
Licensed to Mercy Hospital Lebanon
Composite
30.8
rank score
Distress
18
FY2024
Fit
52
vs thesis
Estimated ticket
$4.3M–$8.6M
43 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- 90-150 days cash on hand
- occupancy below 30%
- margin deteriorating
- part of a multi-hospital chain — divestiture candidate
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $102M |
| Operating margin | 18.6% |
| Total margin | 19.1% |
| Days cash on hand | 130 |
| Current ratio | 4.00 |
| Occupancy | 27% |
Facility
| Beds | 43 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 43 | $79.7M | $20.6M | 12.5% | 22.8% | 10 | 58.37 | 29% | 1,757 | 31 |
| 2022 | 43 | $86.7M | $13.0M | 11.0% | 14.4% | 10 | 1.81 | 34% | 1,566 | 28 |
| 2023 | 43 | $94.1M | $15.3M | 15.5% | 16.2% | 10 | 3.53 | 31% | 1,597 | 28 |
| 2024 | 43 | $102M | $19.6M | 18.6% | 19.1% | 130 | 4.00 | 27% | 2,062 | 18 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mercy Health | 5% or greater indirect ownership interest | 100 | 2012-02 | chain |
| Mercy Health Springfield Communities | 5% or greater direct ownership interest | 100 | 2012-02 | |
| Amy Knight | corporate director | 2025-05 | ||
| Brian Day | corporate officer | 2025-05 | ||
| Byron Dudley | corporate director | 2021-07 | ||
| David Argueta | corporate officer | 2022-06 | ||
| David Schmitz | corporate director | 2021-07 | ||
| Debbie Moore | corporate director | 2018-07 | ||
| Greg Bechel | corporate director | 2022-07 | ||
| Jamie Wilke | corporate officer | 2024-07 | ||
| Jeremy Goforth | corporate director | 2021-07 | ||
| John Carr | corporate director | 2021-07 | ||
| Marsha Vincent | corporate director | 2018-07 | ||
| Monty Hayes | corporate director | 2025-05 | ||
| Rafael Bonilla Vasquez | corporate director | 2021-07 | ||
| Randall Angst | corporate director | 2016-07 | ||
| Stacie Farnam | w-2 managing employee | 2012-01 | ||
| Steve Hite | corporate director | 2018-07 | ||
| William Roberts | corporate officer | 2020-05 | ||
| William Roberts | w-2 managing employee | 2020-05 |
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 MO
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 |
|---|---|---|---|---|
| 2024-07-01 | New Liberty Hospital Corporation | New Liberty Hospital District | Liberty Hospital | 199 |
| 2024-01-01 | Curators Of The University Of Missouri | Capital Region Medical Center | Univ Of Missouri Health Care | 665 |
| 2024-01-01 | Curators Of The University Of Missouri | Capital Region Medical Center | Univ Of Missouri Health Care | 665 |