Trinity Muscatine
Muscatine, Muscatine County, IA
· CCN 160013
Licensed to Unity Healthcare
Composite
25.1
rank score
Distress
9
FY2023
Fit
48
vs thesis
Estimated ticket
$1.5M–$3.0M
15 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- 90-150 days cash on hand
- current ratio under 1.5
- occupancy 45-60%
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $63.5M |
| Operating margin | 11.6% |
| Total margin | 18.7% |
| Days cash on hand | 123 |
| Current ratio | 1.39 |
| Occupancy | 47% |
Facility
| Beds | 15 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 29 | $47.3M | $5.6M | -8.9% | 9.7% | 65 | 2.36 | 23% | 810 | 41 |
| 2021 | 13 | $55.5M | $5.5M | 1.6% | 9.2% | 72 | 1.78 | 58% | 903 | 19 |
| 2022 | 18 | $54.1M | $5.1M | 0.3% | 8.6% | 90 | 2.82 | 41% | 878 | 17 |
| 2023 | 15 | $63.5M | $12.9M | 11.6% | 18.7% | 123 | 1.39 | 47% | 906 | 9 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Benjamin Pohl | contracted managing employee | 2021-01 | ||
| Benjamin Pohl | corporate director | 2021-01 | ||
| Clint Christopher | corporate officer | 2026-01 | ||
| Clint Christopher | corporate director | 2021-01 | ||
| David Dellitt | contracted managing employee | 2024-02 | ||
| David Dellitt | corporate officer | 2024-02 | ||
| David Dellitt | operational/managerial control | 2024-02 | ||
| Heidi Parkhurst | corporate director | 2022-02 | ||
| Iowa Health System | operational/managerial control | 2009-07 | chain | |
| James Kent | corporate officer | 2026-01 | ||
| James Kent | corporate director | 2023-02 | ||
| John Hagerty | corporate director | 2026-01 | ||
| Kelly Livingston | corporate director | 2026-01 | ||
| Lynsey Krusie | corporate director | 2026-01 | ||
| Maria-Teresa Galoso | contracted managing employee | 2021-01 | ||
| Maria-Teresa Galoso | corporate director | 2020-08 | ||
| Mark Peterson | corporate director | 2017-01 | ||
| Matthew Mckinney | corporate director | 2026-01 | ||
| Patrick Walsh | corporate director | 2026-01 | ||
| Rachel Pohl | corporate officer | 2026-01 | ||
| Rachel Pohl | w-2 managing employee | 2022-02 | ||
| Rachel Pohl | operational/managerial control | 2022-02 | ||
| Rhonda Sowards | contracted managing employee | 2021-01 | ||
| Rhonda Sowards | corporate officer | 2021-01 | ||
| Rhonda Sowards | operational/managerial control | 2021-01 |
Showing 25 of 35. Full list via /api/targets/160013.
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 IA
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 |
|---|---|---|---|---|
| 2025-09-01 | Northwest Iowa Hospital Corporation | Marian Health Center-Smhc | St. Lukes Regl Medical Center | 179 |
| 2024-01-31 | State University Of Iowa | Mercy Hospital Iowa City Iowa | University Of Iowa Health Care Medic | 211 |
| 2021-07-01 | Southeast Iowa Regional Medical Center Inc | Fort Madison Community Hospital | Southeast Iowa Regional Medical Ctr | 174 |