dealflow
envelope $200M

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Parkland Health Center - Farmington

Farmington, St. Francois County, MO · CCN 260163
Licensed to Parkland Health Center

Composite
35.2
rank score
Distress
25
FY2023
Fit
60
vs thesis
Estimated ticket
$10.8M–$21.6M
108 beds · within envelope
Ownership
nonprofit
STH

Why it ranks here

  • under 30 days cash on hand
  • occupancy 30-45%
  • rural — cheaper but limited density
  • bed count in the target band
  • small ticket — deploys little of the available capital
  • thin occupancy
  • nonprofit — expect AG conversion review

Latest financials · FY2023

Net patient revenue$140M
Operating margin 3.8%
Total margin 5.1%
Days cash on hand 0
Current ratio 2.31
Occupancy40%

Facility

Beds108
Facility typeSTH
Settingrural
Ownership classnonprofit
Per-bed (low) $100K
Per-bed (high) $200K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 104 $97.1M $4.5M -0.6% 4.1% 0 0.67 34% 3,668 57
2021 92 $120M $8.5M 8.5% 6.8% 0 1.10 45% 4,332 28
2022 108 $124M $7.3M 8.6% 5.6% 0 2.41 46% 4,162 24
2023 108 $140M $7.5M 3.8% 5.1% 0 2.31 40% 4,217 25

Owners

OwnerRole%SinceType
Andy Buchanan corporate director 2020-01
Andy Buchanan operational/managerial control 2020-01
Annette Schnabel corporate officer 2020-05
Annette Schnabel corporate director 2020-05
Annette Schnabel w-2 managing employee 2020-05
Annette Schnabel operational/managerial control 2020-05
Bjc Health System
Saint Louis, MO
other 1993-06
Brian Boyer corporate director 2021-01
Brian Boyer operational/managerial control 2021-01
Christie Winschel corporate officer 2019-01
Christie Winschel w-2 managing employee 2019-01
Christie Winschel operational/managerial control 2019-01
Christopher Morrison corporate director 2022-01
Christopher Morrison operational/managerial control 2022-01
Deborah Peterson corporate officer 2022-01
Deborah Peterson corporate director 2015-08
Deborah Peterson operational/managerial control 2015-08
Gary Grix corporate director 1999-01
Gary Grix operational/managerial control 1999-01
Heather Taliaferro corporate officer 2019-01
Heather Taliaferro w-2 managing employee 2019-01
Heather Taliaferro operational/managerial control 2019-01
Joseph Gilgour corporate director 2021-01
Joseph Gilgour operational/managerial control 2021-01
Kevin Cook corporate officer 1999-01

Showing 25 of 48. Full list via /api/targets/260163.

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