Excelsior Springs Hospital
Excelsior Springs, Clay County, MO
· CCN 261322
Licensed to Excelsior Springs City Hospital
Composite
55.9
rank score
Distress
85
FY2023
Fit
44
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio under 1.5
- debt above 70% of assets
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $45.7M |
| Operating margin | -22.2% |
| Total margin | -10.1% |
| Days cash on hand | 10 |
| Current ratio | 1.11 |
| Occupancy | 21% |
Facility
| Beds | 25 |
| 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 | 25 | $24.6M | $1.1M | -29.1% | 3.3% | 106 | 1.64 | 16% | 163 | 49 |
| 2021 | 25 | $36.6M | $6.3M | -3.9% | 14.2% | 27 | 1.35 | 16% | 201 | 54 |
| 2022 | 25 | $44.0M | $4.2M | -5.8% | 8.3% | 28 | 1.39 | 19% | 240 | 57 |
| 2023 | 25 | $45.7M | $-5.1M | -22.2% | -10.1% | 10 | 1.11 | 21% | 234 | 85 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Cameron Meyer | corporate officer | 2018-02 | ||
| Cameron Meyer | w-2 managing employee | 2018-02 | ||
| Cameron Meyer | operational/managerial control | 2018-02 | ||
| Kristen Dehart | corporate officer | 2017-06 | ||
| Kristen Dehart | operational/managerial control | 2017-06 | ||
| Sarah Gonzalez | corporate officer | 2020-03 | ||
| Sarah Gonzalez | w-2 managing employee | 2020-03 |
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 |