St Joseph Medical Center
dba St. Joseph Medical Center ·
Kansas City, Jackson County, MO
· CCN 260085
Licensed to Prime Healthcare Services - Kansas City Llc
Composite
71.0
rank score
Distress
91
FY2023
Fit
75
vs thesis
Estimated ticket
$81.5M–$326M
233 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio under 1.5
- liabilities exceed assets
- occupancy below 30%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $134M |
| Operating margin | -15.2% |
| Total margin | -13.7% |
| Days cash on hand | 8 |
| Current ratio | 1.11 |
| Occupancy | 24% |
Facility
| Beds | 233 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| 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 | 112 | $140M | $2.6M | -2.8% | 1.7% | 16 | 1.51 | 55% | 4,528 | 51 |
| 2021 | 232 | $153M | $7.9M | 1.8% | 5.0% | 6 | 1.81 | 27% | 4,671 | 42 |
| 2022 | 233 | $135M | $-12.4M | -12.6% | -8.9% | 8 | 1.87 | 24% | 4,373 | 83 |
| 2023 | 233 | $134M | $-18.7M | -15.2% | -13.7% | 8 | 1.11 | 24% | 4,829 | 91 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Prime Healthcare Holdings Inc | 5% or greater indirect ownership interest | 100 | 2015-02 | |
| Prime Healthcare Services, Inc | 5% or greater direct ownership interest | 100 | 2008-11 | |
| Christopher Doan | corporate officer | 2017-04 | ||
| Jodi Fincher | corporate officer | 2016-09 | ||
| Jodi Fincher | corporate director | 2016-09 | ||
| Jodi Fincher | w-2 managing employee | 2016-09 | ||
| Kenneth Wheeler | corporate officer | 2015-02 | ||
| Steven Aleman | corporate officer | 2020-06 |
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 |