Landmark Hospital Of Joplin Llc
Joplin, Jasper County, MO
· CCN 262016
Licensed to Landmark Hospital Of Joplin Llc
Composite
58.4
rank score
Distress
64
FY2023
Fit
74
vs thesis
Estimated ticket
$7.7M–$30.6M
30 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin negative
- total margin negative
- under 30 days cash on hand
- current ratio under 1.5
- liabilities exceed assets
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- small but workable bed count
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $12.8M |
| Operating margin | -3.3% |
| Total margin | -2.4% |
| Days cash on hand | 12 |
| Current ratio | 1.32 |
| Occupancy | 64% |
Facility
| Beds | 30 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $255K |
| Per-bed (high) | $1.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 30 | $12.5M | $3.3M | 11.7% | 22.9% | 0 | 1.72 | 64% | 311 | 22 |
| 2021 | 30 | $11.4M | $-765K | -10.4% | -6.5% | 3 | 0.99 | 57% | 275 | 81 |
| 2022 | 30 | $12.8M | $-897K | -7.1% | -7.0% | 0 | 1.04 | 63% | 294 | 68 |
| 2023 | 30 | $12.8M | $-306K | -3.3% | -2.4% | 12 | 1.32 | 64% | 300 | 64 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Landmark Holdings Of Florida, Llc | 5% or greater direct ownership interest | 70 | 2006-01 | |
| William Kapp | 5% or greater indirect ownership interest | 17 | 2006-01 | |
| Fhs Holdings, Llc | 5% or greater direct ownership interest | 13 | 2006-06 | |
| Mercy Health Services Corporation | 5% or greater direct ownership interest | 13 | 2007-05 | |
| Eric Yapp | corporate director | 2021-02 | ||
| Rebekah Palmatier | operational/managerial control | 2017-05 | ||
| Robert Samples | corporate officer | 2021-10 | ||
| Tracy Larose | corporate director | 2020-03 | ||
| William Kapp | corporate director | 2006-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.