Chi Health Mercy Council Bluffs
Council Bluffs, Pottawattamie County, IA
· CCN 160028
Licensed to Alegent Health Bergan Mercy Health System
Composite
66.0
rank score
Distress
80
FY2024
Fit
75
vs thesis
Estimated ticket
$49.4M–$197M
141 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $114M |
| Operating margin | -10.5% |
| Total margin | -4.6% |
| Days cash on hand | 2 |
| Current ratio | -0.19 |
| Occupancy | 47% |
Facility
| Beds | 141 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 141 | $94.8M | $1.9M | -5.0% | 1.9% | 4 | -0.13 | 45% | 5,129 | 60 |
| 2022 | 141 | $97.2M | $-3.7M | -8.7% | -3.6% | 5 | -0.14 | 44% | 4,686 | 76 |
| 2023 | 141 | $98.5M | $-6.1M | -14.8% | -5.7% | 3 | -0.17 | 47% | 4,904 | 78 |
| 2024 | 141 | $114M | $-5.6M | -10.5% | -4.6% | 2 | -0.19 | 47% | 5,263 | 80 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Chi Nebraska | 5% or greater direct ownership interest | 100 | 2013-08 | |
| Commonspirit Health | 5% or greater indirect ownership interest | 100 | 2013-08 | |
| Cindy Alloway | corporate director | 2023-07 | ||
| Daniel Morissette | corporate officer | 2019-02 | ||
| Daniel Morissette | other | 2023-09 | ||
| Dave Taylor | corporate director | 2022-10 | ||
| Heather Morgan | corporate director | 2020-07 | ||
| John Petersdorf | corporate director | 2021-01 | ||
| Kathryne Cutler | corporate director | 2023-07 | ||
| Kelly Bacon | corporate director | 2021-07 | ||
| Kevin Fitzgerald | corporate director | 2021-07 | ||
| Kirtibala Gupta | corporate director | 2021-07 | ||
| Leo Searcey | corporate director | 2022-10 | ||
| Mardell Wilson | corporate director | 2020-10 | ||
| Maurita Soukup | corporate director | 2017-07 | ||
| Nadine Heimann | corporate director | 2019-07 | ||
| Nick O'tool | corporate officer | 2023-07 | ||
| Nick O'tool | operational/managerial control | 2023-01 | ||
| Tim Bricker | corporate officer | 2023-07 | ||
| Tim Bricker | corporate director | 2023-07 | ||
| William Barney | corporate director | 2020-07 |
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 |