Boone Hospital Center
Columbia, Boone County, MO
· CCN 260068
Licensed to Ch Allied Services, Inc.
Composite
65.7
rank score
Distress
81
FY2023
Fit
73
vs thesis
Estimated ticket
$93.1M–$372M
266 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- debt above 70% of assets
- occupancy 45-60%
- margin slipping
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size at the top of the envelope — would need leverage
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $391M |
| Operating margin | -12.9% |
| Total margin | -10.0% |
| Days cash on hand | 7 |
| Current ratio | 0.71 |
| Occupancy | 58% |
Facility
| Beds | 266 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 335 | $319M | $-32.2M | -13.3% | -9.5% | 75 | 2.05 | 46% | 12,373 | 57 |
| 2021 | 266 | $327M | $29.5M | -17.4% | 7.1% | 7 | 1.31 | 61% | 12,894 | 53 |
| 2022 | 278 | $347M | $-61.8M | -22.5% | -17.0% | 11 | 0.95 | 57% | 12,113 | 78 |
| 2023 | 266 | $391M | $-40.2M | -12.9% | -10.0% | 7 | 0.71 | 58% | 12,649 | 81 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bethany Abeln | w-2 managing employee | 2024-03 | ||
| Bethany Abeln | operational/managerial control | 2024-03 | ||
| Boone Health Inc. | operational/managerial control | 2021-01 | ||
| Brian Winn | w-2 managing employee | 2023-11 | ||
| Brian Winn | operational/managerial control | 2023-11 | ||
| Charles Bondurant | corporate officer | 2023-04 | ||
| Charles Bondurant | corporate director | 2021-04 | ||
| Charles Bondurant | operational/managerial control | 2021-04 | ||
| Dianne Lynch | corporate director | 2021-04 | ||
| Dianne Lynch | operational/managerial control | 2021-04 | ||
| Edward Clayton | corporate director | 2022-09 | ||
| Edward Clayton | w-2 managing employee | 2022-09 | ||
| Edward Clayton | operational/managerial control | 2022-09 | ||
| Gary Thompson | corporate director | 2021-04 | ||
| Gary Thompson | operational/managerial control | 2021-04 | ||
| Gregory Steinhoff | corporate director | 2021-04 | ||
| Gregory Steinhoff | operational/managerial control | 2021-04 | ||
| Jan Beckett | corporate officer | 2021-04 | ||
| Jan Beckett | corporate director | 2001-01 | ||
| Jan Beckett | operational/managerial control | 2001-01 | ||
| Jerry Kennett | corporate officer | 2021-04 | ||
| Jerry Kennett | corporate director | 2021-04 | ||
| Jerry Kennett | operational/managerial control | 2021-04 | ||
| Judith Starr | corporate director | 2021-04 | ||
| Judith Starr | operational/managerial control | 2021-04 |
Showing 25 of 40. Full list via /api/targets/260068.
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 |