Mercy Hospital Carthage
Carthage, Jasper County, MO
· CCN 261338
Licensed to Mercy Hospital Carthage
Composite
35.8
rank score
Distress
23
FY2024
Fit
59
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
- current ratio under 1.5
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $74.0M |
| Operating margin | 21.4% |
| Total margin | 21.8% |
| Days cash on hand | 10 |
| Current ratio | 1.24 |
| Occupancy | 65% |
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 | $50.2M | $4.2M | 12.4% | 8.8% | 10 | 1.15 | 63% | 562 | 26 |
| 2022 | 25 | $51.4M | $2.9M | 2.4% | 5.4% | 10 | 0.80 | 60% | 668 | 38 |
| 2023 | 25 | $58.4M | $5.3M | 7.9% | 9.0% | 10 | 0.80 | 60% | 574 | 38 |
| 2024 | 25 | $74.0M | $16.2M | 21.4% | 21.8% | 10 | 1.24 | 65% | 1,054 | 23 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mercy Health | 5% or greater indirect ownership interest | 100 | 2009-11 | chain |
| Mercy Health Southwest Missouri Kansas Communities | 5% or greater direct ownership interest | 100 | 2012-08 | |
| Belinda Farmer | corporate director | 2025-09 | ||
| Brian Day | corporate officer | 2025-09 | ||
| Jamie Wilke | corporate officer | 2024-07 | ||
| Jeffrey Ciaramita | corporate director | 2021-07 | ||
| Jeremy Drinkwitz | corporate officer | 2025-09 | ||
| John Mohart | corporate director | 2021-07 | ||
| Shannon Sock | corporate director | 2021-07 | ||
| Sherry Clouse Day | corporate officer | 2020-08 | ||
| Stacie Farnam | w-2 managing employee | 2021-01 |
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 |