Heartland Long Term Acute Care Hospi
dba Long Term Acute Care Hospital Mosaic Life Care At St Joseph ·
St Joseph, Buchanan County, MO
· CCN 262019
Licensed to Heartland Long Term Acute Care Hospital
Composite
65.1
rank score
Distress
80
FY2024
Fit
68
vs thesis
Estimated ticket
$8.2M–$32.8M
39 beds ·
within envelope
Ownership
nonprofit
LTCH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- current ratio below 0.8
- occupancy 45-60%
- 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
- small but workable bed count
- small ticket — deploys little of the available capital
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $9.4M |
| Operating margin | -43.5% |
| Total margin | -43.5% |
| Days cash on hand | — |
| Current ratio | -13.58 |
| Occupancy | 49% |
Facility
| Beds | 39 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 | 41 | $12.1M | $-409K | -6.0% | -3.3% | 0 | -4.44 | 49% | 204 | 72 |
| 2022 | 41 | $11.5M | $-1.6M | -15.5% | -13.5% | — | -4.83 | 57% | 179 | 77 |
| 2023 | 41 | $10.6M | $-2.5M | -23.0% | -23.0% | — | -14.39 | 46% | 167 | 77 |
| 2024 | 39 | $9.4M | $-4.1M | -43.5% | -43.5% | — | -13.58 | 49% | 195 | 80 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mosaic Health System | 5% or greater direct ownership interest | 100 | 2009-03 | chain |
| Cynthia Patterson | w-2 managing employee | 2014-04 | ||
| Dana Anderson | w-2 managing employee | 2014-12 | ||
| Davin Turner | corporate officer | 2020-01 | ||
| Dennis Rosonke | corporate director | 2016-01 | ||
| Dwight Carvell | corporate director | 2021-12 | ||
| Jody Barker | corporate director | 2020-05 | ||
| Marjorie Marquart | corporate director | 2015-01 | ||
| Mary Sanders | corporate director | 2015-07 | ||
| Renee Hayes | w-2 managing employee | 2020-09 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.