dealflow
envelope $200M

← Targets

Smmhc

dba Southeast Missouri Mental Health Center · Farmington, St. Francois County, MO · CCN 264005
Licensed to State Of Missouri

Composite
66.0
rank score
Distress
86
FY2024
Fit
68
vs thesis
Estimated ticket
$13.4M–$26.8M
348 beds · within envelope
Ownership
government
PH

Why it ranks here

  • operating margin below -10%
  • total margin below -8%
  • margin deteriorating sharply
  • rural — cheaper but limited density
  • specialty facility — narrower problem scope
  • large — ticket likely stretches the envelope
  • small ticket — deploys little of the available capital
  • strong occupancy — good iteration surface
  • government-owned — public process likely

Latest financials · FY2024

Net patient revenue$65.0M
Operating margin -61.9%
Total margin -61.8%
Days cash on hand
Current ratio
Occupancy94%

Facility

Beds348
Facility typePH
Settingrural
Ownership classgovernment
Per-bed (low) $38.5K
Per-bed (high) $77.0K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 331 $65.2M $-1.5M -18.3% -1.9% 99% 16 67
2022 331 $69.0M $-8.3M -15.6% -11.5% 97% 15 83
2023 348 $68.6M $-29.4M -42.9% -42.8% 92% 19 83
2024 348 $65.0M $-40.2M -61.9% -61.8% 94% 13 86

Owners

OwnerRole%SinceType
State Of Missouri
Jefferson City, MO
5% or greater direct ownership interest 100 1966-07
Denise Hacker w-2 managing employee 2019-04
Donna Siebeneck w-2 managing employee 2014-10
Gloria Gehlert w-2 managing employee 2015-01
Julie Inman w-2 managing employee 2002-10
Matthew Roach w-2 managing employee 2020-11
Molly Boeckmann corporate director 2020-07
Molly Boeckmann w-2 managing employee 2020-07
Ronald Easter w-2 managing employee 2012-05
Stacy Neff w-2 managing employee 2018-07
Veera Reddy w-2 managing employee 2006-01

Ownership changes

No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.