Kindred Hospital Northland
Kansas City, Clay County, MO
· CCN 262018
Licensed to Northland Ltach, Llc
Composite
72.9
rank score
Distress
92
FY2024
Fit
74
vs thesis
Estimated ticket
$10.5M–$42.0M
50 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $20.3M |
| Operating margin | -11.8% |
| Total margin | -10.0% |
| Days cash on hand | 0 |
| Current ratio | 0.37 |
| Occupancy | 63% |
Facility
| Beds | 50 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $210K |
| Per-bed (high) | $840K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 50 | $22.1M | $-324K | -2.6% | -1.4% | 0 | 0.37 | 71% | 451 | 70 |
| 2022 | 50 | $20.9M | $-2.5M | -13.3% | -11.9% | 0 | 0.27 | 66% | 373 | 91 |
| 2023 | 50 | $19.2M | $-3.2M | -17.8% | -16.4% | — | 0.27 | 61% | 362 | 89 |
| 2024 | 50 | $20.3M | $-2.1M | -11.8% | -10.0% | 0 | 0.37 | 63% | 345 | 92 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Kentucky Hospital Holdings Jv Lp | 5% or greater indirect ownership interest | 100 | 2018-07 | |
| Kentucky Hospital Holdings Llc | 5% or greater indirect ownership interest | 100 | 2018-07 | |
| Kentucky Hospital Intermediate Llc | 5% or greater indirect ownership interest | 100 | 2018-07 | |
| Kindred Healthcare Llc | 5% or greater indirect ownership interest | 100 | 1998-03 | |
| Kindred Healthcare Operating Llc | 5% or greater indirect ownership interest | 100 | 1998-02 | chain |
| Kindred Rehab Hospital Holdings Llc | 5% or greater direct ownership interest | 100 | 2021-01 | |
| Knight Health Holdings Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Knight Health Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Northland Ltach, Llc | 5% or greater indirect ownership interest | 100 | 2018-07 | |
| Dana Rock | corporate officer | 2024-12 | ||
| Deanna Schiavone | corporate officer | 2022-08 | ||
| Johnetta Traylor | corporate officer | 2024-12 | ||
| Johnetta Traylor | w-2 managing employee | 2025-03 | ||
| Mark Laroche | corporate officer | 2025-03 | ||
| Michael Bean | corporate officer | 2011-06 | ||
| Scott Graeser | corporate officer | 2022-08 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.