dealflow
envelope $200M

← Targets

Ssm Health St. Marys Hospital - Stl

dba Ssm Health St. Mary's Hospital - St Louis · St. Louis, St. Louis County, MO · CCN 260091
Licensed to Ssm Health Care St Louis

Composite
20.9
rank score
Distress
62
FY2023
Fit
61
vs thesis
Estimated ticket
$211M–$843M
496 beds · over envelope
Ownership
nonprofit
STH

Why it ranks here

  • operating margin -10% to -5%
  • under 30 days cash on hand
  • current ratio below 0.8
  • margin deteriorating sharply
  • 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 · FY2023

Net patient revenue$823M
Operating margin -5.5%
Total margin 8.8%
Days cash on hand 0
Current ratio 0.20
Occupancy61%

Facility

Beds496
Facility typeSTH
Settingurban
Ownership classnonprofit
Per-bed (low) $425K
Per-bed (high) $1.7M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 641 $824M $220M 8.5% 22.5% 0 3.38 49% 22,254 24
2021 509 $749M $73.9M -4.2% 8.6% 0 -3.15 65% 23,156 51
2022 501 $793M $63.9M -0.0% 7.5% 0 0.46 66% 22,375 51
2023 496 $823M $84.2M -5.5% 8.8% 0 0.20 61% 25,991 62

Owners

OwnerRole%SinceType
Ssm Health Care St Louis
Saint Louis, MO
5% or greater direct ownership interest 100 1984-09
Ssm Health Care Corporation
Saint Louis, MO
5% or greater indirect ownership interest 85 2015-09
St Louis University
Saint Louis, MO
5% or greater indirect ownership interest 15 2015-09
Christine Jacobs corporate director 2021-12
Dennis Harms corporate director 2019-06
Douglas Long corporate officer 2019-06
Douglass Petty corporate director 2019-06
Eileen Lamm corporate officer 2020-03
Eileen Lamm operational/managerial control 2020-03
Jan Cerny corporate officer 2021-04
Jan Cerny corporate director 2015-09
Jeremy Fotheringham corporate officer 2021-04
Jeremy Fotheringham corporate director 2021-04
Joseph Yancey corporate director 2021-04
Kevin Elledge corporate director 2021-04
Kevin Smith corporate officer 2023-10
Laura Kaiser corporate officer 2017-05
Snehal Gandhi corporate director 2017-05
Steven Smoot corporate officer 2020-01
Steven Smoot corporate director 2018-09
Timothy Buller corporate officer 2013-10
Timothy Buller operational/managerial control 2013-10
Timothy Johnson corporate director 2021-12

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.

DateBuyerSellerHospitalBeds
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