Hermann Area District Hospital
Hermann, Gasconade County, MO
· CCN 261314
Licensed to Hermann Area Hospital District
Composite
54.7
rank score
Distress
85
FY2023
Fit
41
vs thesis
Estimated ticket
$1.4M–$2.9M
24 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- liabilities exceed assets
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $17.4M |
| Operating margin | -21.8% |
| Total margin | -8.5% |
| Days cash on hand | 15 |
| Current ratio | 1.75 |
| Occupancy | 31% |
Facility
| Beds | 24 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $59.5K |
| Per-bed (high) | $119K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 24 | $15.9M | $345K | -22.4% | 1.7% | 5 | 1.14 | 35% | 245 | 73 |
| 2021 | 24 | $17.5M | $3.8M | -16.5% | 15.7% | 13 | 1.73 | 32% | 267 | 60 |
| 2022 | 24 | $17.3M | $-1.6M | -22.4% | -8.3% | 3 | 2.65 | 31% | 171 | 80 |
| 2023 | 24 | $17.4M | $-1.7M | -21.8% | -8.5% | 15 | 1.75 | 31% | 122 | 85 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Hermann Area Hospital District | 5% or greater direct ownership interest | 100 | 1967-06 | |
| Hermann Area Hospital District | operational/managerial control | 100 | 1966-01 | |
| Ellen Schaumberg | w-2 managing employee | 20 | 2015-04 | |
| David Johnson | corporate director | 2022-07 | ||
| Karin Wolking | corporate director | 2014-07 | ||
| Melissa Lensing | corporate director | 2022-12 | ||
| Steven Strubberg | corporate director | 2018-03 | ||
| William Hellebusch | contracted managing employee | 2023-06 |
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 |
|---|---|---|---|---|
| 2023-10-01 | Mercy Hospital Perry | Perry County Health System | Perry County Memorial Hospital | 25 |