Citizens Memorial Hospital District
dba Citizens Memorial Hospital ·
Bolivar, Polk County, MO
· CCN 260195
Licensed to Citizens Memorial Hospital District
Composite
51.1
rank score
Distress
62
FY2024
Fit
58
vs thesis
Estimated ticket
$4.4M–$8.8M
52 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin negative
- 30-60 days cash on hand
- current ratio under 1.5
- debt above 70% of assets
- occupancy 45-60%
- margin deteriorating
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $199M |
| Operating margin | -16.3% |
| Total margin | -0.2% |
| Days cash on hand | 45 |
| Current ratio | 1.30 |
| Occupancy | 46% |
Facility
| Beds | 52 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 52 | $154M | $5.1M | -19.0% | 2.7% | 83 | 1.48 | 49% | 2,679 | 48 |
| 2022 | 52 | $172M | $14.2M | -14.9% | 6.7% | 64 | 1.66 | 53% | 2,593 | 40 |
| 2023 | 52 | $178M | $-452K | -19.3% | -0.2% | 36 | 1.42 | 44% | 2,405 | 61 |
| 2024 | 52 | $199M | $-469K | -16.3% | -0.2% | 45 | 1.30 | 46% | 2,448 | 62 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Citizens Memorial Hospital District | 5% or greater direct ownership interest | 100 | 1981-08 | |
| Citizens Memorial Hospital District | operational/managerial control | 100 | 1981-08 | |
| Corey Rich | corporate director | 2017-11 | ||
| Harold Berry | corporate director | 2012-03 | ||
| Janieca Hancock | corporate director | 2023-04 | ||
| John Kallenbach | corporate director | 2018-07 | ||
| Kerry Douglas | corporate director | 2011-04 | ||
| Michael Calhoun | w-2 managing employee | 2022-01 | ||
| Renee Meyer | w-2 managing employee | 2020-01 | ||
| Robin Sechler | corporate director | 2011-12 |
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.
| 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 |