Freeman Neosho Hospital
Neosho, Newton County, MO
· CCN 261331
Licensed to Freeman Neosho Hospital
Composite
36.2
rank score
Distress
35
FY2024
Fit
51
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $33.2M |
| Operating margin | 4.0% |
| Total margin | 28.0% |
| Days cash on hand | 13 |
| Current ratio | 1.53 |
| Occupancy | 30% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $25.5M | $17.1M | -6.4% | 59.2% | 9 | 1.22 | 30% | 611 | 53 |
| 2022 | 25 | $31.2M | $7.3M | 4.5% | 20.6% | 10 | 1.60 | 33% | 568 | 28 |
| 2023 | 21 | $32.9M | $351K | 3.3% | 1.0% | 12 | 1.39 | 40% | 560 | 34 |
| 2024 | 25 | $33.2M | $12.4M | 4.0% | 28.0% | 13 | 1.53 | 30% | 620 | 35 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Amanda Harrell | corporate officer | 2024-12 | ||
| Brady Hesington | corporate director | 2025-07 | ||
| Craig Pendergrass | corporate director | 2005-10 | ||
| Freeman-Oak Hill Health System | operational/managerial control | 2006-04 | ||
| Gary Wasson | corporate director | 2009-01 | ||
| James Armstrong | corporate director | 2025-07 | ||
| Jason Maxfield | corporate director | 2025-01 | ||
| Jeffery Thompson | corporate officer | 2021-02 | ||
| Justin Dillingham | corporate director | 2023-04 | ||
| Kent Farnsworth | corporate director | 2025-07 | ||
| Larry Barnes | corporate director | 2005-10 | ||
| Leesa Apfelbaum | w-2 managing employee | 2009-06 | ||
| Matthew Fry | corporate officer | 2025-04 | ||
| Mitch Mccumber | corporate director | 2005-10 | ||
| Renee Denton | w-2 managing employee | 2012-09 | ||
| Renee Denton | operational/managerial control | 2012-09 | ||
| Rudy Farber | corporate director | 2005-10 | ||
| Steven Graddy | corporate officer | 2007-11 | ||
| Steven Graddy | w-2 managing employee | 2007-11 |
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 |