St Marys Medical Center
dba St Mary's Medical Center ·
Blue Springs, Jackson County, MO
· CCN 260193
Licensed to Prime Healthcare Services Blue Springs, Llc
Composite
69.2
rank score
Distress
87
FY2023
Fit
75
vs thesis
Estimated ticket
$25.6M–$102M
73 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 below 0.8
- occupancy 30-45%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size somewhat below the envelope
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $70.5M |
| Operating margin | -11.9% |
| Total margin | -10.4% |
| Days cash on hand | 2 |
| Current ratio | -1.51 |
| Occupancy | 43% |
Facility
| Beds | 73 |
| 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 | 73 | $82.3M | $10.3M | 4.5% | 11.3% | 6 | 1.34 | 59% | 3,643 | 32 |
| 2021 | 73 | $90.3M | $13.8M | 12.1% | 14.8% | 0 | 1.94 | 55% | 3,098 | 24 |
| 2022 | 73 | $77.4M | $-5.3M | -9.2% | -6.7% | 2 | 2.16 | 54% | 3,181 | 59 |
| 2023 | 73 | $70.5M | $-7.4M | -11.9% | -10.4% | 2 | -1.51 | 43% | 3,171 | 87 |
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 | 2015-02 | |
| Christopher Doan | corporate officer | 2013-04 | ||
| Kelly Pearce | w-2 managing employee | 2022-02 | ||
| Kenneth Wheeler | corporate officer | 2015-02 | ||
| Kenneth Wheeler | w-2 managing employee | 2015-02 | ||
| Steven Aleman | other | 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 |