Mercyone - Newton Medical Center
dba Mercyone Newton Medical Center ·
Newton, Jasper County, IA
· CCN 160032
Licensed to Mercy Medical Center-Newton
Composite
54.1
rank score
Distress
61
FY2024
Fit
62
vs thesis
Estimated ticket
$20.4M–$81.6M
48 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- 90-150 days cash on hand
- current liabilities exceed current assets
- liabilities exceed assets
- occupancy below 30%
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- small but workable bed count
- ticket size somewhat below the envelope
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $37.2M |
| Operating margin | -9.3% |
| Total margin | -4.1% |
| Days cash on hand | 106 |
| Current ratio | 0.88 |
| Occupancy | 15% |
Facility
| Beds | 48 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 48 | $34.5M | $-2.6M | -11.7% | -7.4% | 51 | 0.94 | 16% | 617 | 74 |
| 2022 | 48 | $36.9M | $-5.1M | -18.9% | -12.6% | 20 | 0.72 | 17% | 696 | 89 |
| 2023 | 48 | $34.5M | $-3.7M | -17.4% | -10.2% | 0 | 0.52 | 14% | 660 | 100 |
| 2024 | 48 | $37.2M | $-1.6M | -9.3% | -4.1% | 106 | 0.88 | 15% | 661 | 61 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Catholic Health Initiatives-Iowa Corp | 5% or greater direct ownership interest | 100 | 2022-09 | |
| Mercy Health Network Inc | 5% or greater indirect ownership interest | 100 | 2022-09 | |
| Trinity Health Corporation | 5% or greater indirect ownership interest | 100 | 2022-09 | chain |
| Adam Otto | corporate officer | 2019-01 | ||
| Adam Otto | corporate director | 2019-01 | ||
| Bev Rossow | corporate officer | 2020-07 | ||
| Bev Rossow | corporate director | 2020-07 | ||
| Carol Farver | corporate director | 2024-04 | ||
| Chad Kelley | corporate officer | 2023-04 | ||
| Chad Kelley | corporate director | 2023-07 | ||
| Chad Kelley | w-2 managing employee | 2023-04 | ||
| Cynthia Tripp | w-2 managing employee | 2009-09 | ||
| Lois Vogel | corporate director | 2015-07 | ||
| Mark Allen | corporate officer | 2018-05 | ||
| Mark Allen | corporate director | 2018-05 | ||
| Michael Trachta | corporate director | 2023-07 | ||
| Patrick Edwards | corporate director | 2025-01 | ||
| Robert Robinson | corporate director | 2024-07 | ||
| Sandra Christensen | corporate officer | 2024-12 | ||
| William Reynolds | corporate director | 2021-07 |
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 |