Hedrick Medical Center
Chillicothe, Livingston County, MO
· CCN 261321
Licensed to Saint Lukes Hospital Of Chillicothe
Composite
29.6
rank score
Distress
16
FY2023
Fit
56
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- 90-150 days cash on hand
- occupancy 45-60%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $63.4M |
| Operating margin | 3.1% |
| Total margin | 8.7% |
| Days cash on hand | 145 |
| Current ratio | 4.59 |
| Occupancy | 51% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $55.4M | $12.7M | 4.7% | 19.4% | 286 | 6.73 | 58% | 988 | 2 |
| 2021 | 25 | $57.2M | $3.2M | -0.3% | 5.3% | 206 | 3.27 | 53% | 895 | 18 |
| 2022 | 25 | $63.8M | $1.5M | 5.4% | 2.3% | 177 | 6.20 | 56% | 794 | 2 |
| 2023 | 25 | $63.4M | $5.9M | 3.1% | 8.7% | 145 | 4.59 | 51% | 580 | 16 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bjc Health System | 5% or greater indirect ownership interest | 100 | 2024-01 | |
| Saint Lukes Health System Inc | 5% or greater direct ownership interest | 100 | 2003-08 | |
| Saint Lukes Health System Inc | operational/managerial control | 100 | 2003-08 | |
| Carol Sloan | corporate director | 2011-10 | ||
| Catherine Hamilton | w-2 managing employee | 2023-09 | ||
| Catherine Hamilton | operational/managerial control | 2023-09 | ||
| Damara Harper | corporate officer | 2026-01 | ||
| Damara Harper | operational/managerial control | 2026-01 | ||
| Darren Bass | corporate officer | 2023-09 | ||
| Darren Bass | corporate director | 2026-01 | ||
| Darren Bass | w-2 managing employee | 2026-01 | ||
| Darren Bass | operational/managerial control | 2023-09 | ||
| Donald Metry | corporate director | 2004-10 | ||
| Jennifer Lovell | corporate director | 2018-01 | ||
| John Marcolla | corporate director | 2018-01 | ||
| Krista Clark | corporate director | 2023-01 | ||
| Matthew Hendrix | corporate director | 2025-01 | ||
| Patrick Altenhofen | corporate director | 2018-01 | ||
| Scott Cady | corporate director | 2018-01 | ||
| Scott Hawig | corporate officer | 2026-01 | ||
| Scott Hawig | operational/managerial control | 2026-01 | ||
| Terry Plaster | corporate officer | 2026-01 |
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 |