Cass Regional Medical Center
Harrisonville, Cass County, MO
· CCN 261324
Licensed to Cass Regional Medical Center
Composite
27.8
rank score
Distress
19
FY2023
Fit
48
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin negative
- occupancy 30-45%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $85.3M |
| Operating margin | -2.7% |
| Total margin | 7.4% |
| Days cash on hand | 285 |
| Current ratio | 6.93 |
| Occupancy | 32% |
Facility
| Beds | 25 |
| Facility type | CAH |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $69.6M | $5.3M | -1.0% | 7.0% | 306 | 4.87 | 31% | 832 | 21 |
| 2021 | 25 | $86.6M | $13.7M | 7.2% | 14.6% | 292 | 5.18 | 35% | 858 | 6 |
| 2022 | 25 | $89.9M | $5.0M | 5.4% | 5.6% | 278 | 5.13 | 41% | 961 | 6 |
| 2023 | 25 | $85.3M | $7.0M | -2.7% | 7.4% | 285 | 6.93 | 32% | 792 | 19 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| J Christopher Lang | operational/managerial control | 100 | 2003-01 | |
| Amy Catron | corporate director | 2014-04 | ||
| Danny Carmichael | corporate director | 2020-09 | ||
| J Christopher Lang | corporate officer | 2003-01 | ||
| J Christopher Lang | w-2 managing employee | 2003-01 | ||
| James Kurzweil | corporate director | 2015-04 | ||
| Jerald Johnson | corporate director | 2018-04 | ||
| Ronnie Thompson | corporate officer | 2024-02 |
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 |