Mercy Hospital Springfield
Springfield, MO
· CCN 260065
Licensed to Mercy Hospital Springfield
Composite
11.8
rank score
Distress
7
FY2024
Fit
61
vs thesis
Estimated ticket
$306M–$1.2B
611 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- 90-150 days cash on hand
- margin slipping
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $1.2B |
| Operating margin | 10.6% |
| Total margin | 11.8% |
| Days cash on hand | 137 |
| Current ratio | 2.22 |
| Occupancy | 80% |
Facility
| Beds | 611 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 672 | $974M | $122M | 8.8% | 12.1% | 10 | 2.51 | 69% | 35,453 | 22 |
| 2022 | 672 | $934M | $15.2M | -2.2% | 1.6% | 10 | 1.21 | 72% | 29,221 | 44 |
| 2023 | 617 | $1.1B | $81.4M | 6.1% | 7.6% | 10 | 1.71 | 76% | 30,417 | 22 |
| 2024 | 611 | $1.2B | $148M | 10.6% | 11.8% | 137 | 2.22 | 80% | 37,123 | 7 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mercy Health | 5% or greater indirect ownership interest | 100 | 2012-12 | chain |
| Mercy Health Springfield Communities | 5% or greater direct ownership interest | 100 | 2012-02 | |
| David Argueta | corporate officer | 2022-06 | ||
| Denise Scoffic | corporate officer | 2026-01 | ||
| Dominic Meldi | corporate director | 2026-01 | ||
| Jennifer Brown | corporate officer | 2026-01 | ||
| John Mohart | corporate director | 2026-01 | ||
| Johnathan Myers | corporate director | 2023-07 | ||
| Patricia Gelbach | corporate director | 2026-01 | ||
| Stacie Farnam | w-2 managing employee | 2021-01 | ||
| 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 |