University Of Iowa Health Care Medic
dba University Of Iowa Health Care Medical Center Downtown ·
Iowa City, Johnson County, IA
· CCN 160029
Licensed to State University Of Iowa
Already transacted. CMS recorded an ownership change effective
2024-01-31. Confirm the current owner before spending a call on this.
Composite
21.5
rank score
Distress
78
FY2024
Fit
66
vs thesis
Estimated ticket
$73.8M–$295M
211 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
- changed ownership 2024-01-31 — likely already transacted
Latest financials · FY2024
| Net patient revenue | $78.0M |
| Operating margin | -47.3% |
| Total margin | -57.7% |
| Days cash on hand | 20 |
| Current ratio | 2.21 |
| Occupancy | 24% |
Facility
| Beds | 211 |
| 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 | 183 | $148M | $20.4M | -14.5% | 10.8% | 151 | 2.28 | 35% | 5,992 | 33 |
| 2022 | 211 | $147M | $-25.1M | -24.9% | -15.9% | 138 | 2.13 | 30% | 5,032 | 58 |
| 2023 | 211 | $145M | $-31.1M | -28.1% | -20.1% | 39 | 2.14 | 27% | 4,751 | 70 |
| 2024 | 211 | $78.0M | $-42.2M | -47.3% | -57.7% | 20 | 2.21 | 24% | 2,340 | 78 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bradley Haws | w-2 managing employee | 2023-11 | ||
| Bradley Haws | operational/managerial control | 2023-11 | ||
| Denise Jamieson | corporate officer | 2023-08 | ||
| Denise Jamieson | w-2 managing employee | 2023-08 | ||
| Denise Jamieson | operational/managerial control | 2023-08 | ||
| Joe Mckelvey | w-2 managing employee | 2022-09 | ||
| Mark Henrichs | w-2 managing employee | 2021-08 | ||
| Mark Henrichs | operational/managerial control | 2021-08 | ||
| State University Of Iowa | other | 2024-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-01-31 | change of ownership | State University Of Iowa | Mercy Hospital Iowa City Iowa |
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 |