Mercy Hospital South
Saint Louis, St. Louis County, MO
· CCN 260077
Licensed to Mercy Hospital South
Composite
15.1
rank score
Distress
28
FY2024
Fit
58
vs thesis
Estimated ticket
$362M–$1.4B
725 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- occupancy 45-60%
- margin deteriorating
- 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
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $602M |
| Operating margin | 3.1% |
| Total margin | 7.8% |
| Days cash on hand | 10 |
| Current ratio | 5.51 |
| Occupancy | 54% |
Facility
| Beds | 725 |
| 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 | 720 | $519M | $58.1M | 6.9% | 10.7% | 10 | 5.58 | 52% | 22,568 | 24 |
| 2022 | 720 | $568M | $27.9M | 2.9% | 4.8% | 10 | 5.33 | 56% | 32,002 | 24 |
| 2023 | 720 | $545M | $23.9M | -1.2% | 4.2% | 10 | 10.59 | 52% | 22,421 | 40 |
| 2024 | 725 | $602M | $49.5M | 3.1% | 7.8% | 10 | 5.51 | 54% | 29,686 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mercy Health | 5% or greater indirect ownership interest | 100 | 2017-06 | chain |
| Mercy Health East Communities | 5% or greater direct ownership interest | 100 | 2017-06 | |
| Brian Day | corporate officer | 2025-05 | ||
| Charles Carey | corporate director | 2021-07 | ||
| Daniel Bippen | corporate officer | 2009-09 | ||
| Elaine Moore | corporate director | 2019-07 | ||
| James Powers | corporate officer | 2011-09 | ||
| Jonathan Sturgeon | corporate officer | 2023-07 | ||
| Jonathan Sturgeon | w-2 managing employee | 2023-07 | ||
| Mark Merlotti | corporate director | 2021-07 | ||
| Mary Graham | corporate director | 2015-09 | ||
| Richard Mayhall | corporate director | 2009-09 | ||
| Sean Hogan | corporate officer | 2018-07 | ||
| Stacie Farnam | w-2 managing employee | 2022-07 | ||
| Winthrop Reed | corporate director | 2022-07 |
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 |